GROUP INCOME PROTECTION (benefits window)
For anyone at an M2 level and above, Group Protection Income is provided to you by Scrutton Bland, once your probation period is passed. Scrutton Bland has a Group Income Protection policy in place that provides financial protection in the event of an approved claim resulting from a period of long-term absence from work due to illness or incapacity. In the event of a successful claim, the Income Protection Scheme is an insurance scheme that provides up to 50% of your basic salary before you fall ill when you are unable to perform your job. You will be paid once you have been off work for 26 consecutive weeks, known as the 'deferred period', and have satisfied the insurer's definition of incapacity. The benefit will be paid for a maximum of 5 years, until you return to work, reach your state pension age or leave the employment of Scrutton Bland whichever is earlier. Payments will also cease in the event of your death. You must continue to satisfy the insurer's definition of incapacity, and you mustn’t take on any other paid employment without notifying the insurer, during the payment period. The amount you are paid each month remains the same throughout the period of payment i.e. it doesn’t increase or decrease.
LIFE ASSURANCE (upgrade only available in the benefits window)
All employees are covered by the Scrutton Bland Group Life Assurance Scheme, which is also known as Death in Service from the first day of employment. Life Assurance is a benefit which provides a lump sum payment to a person you nominate, in the event of your death while you are in the employment of Scrutton Bland. Employee Life Assurance will cover you as long as you are employed and will cease once you retire. You should complete your Expression of Wish Form annually so that it is up to date. This can be found on Employment Hero and an annual reminder will be sent to you to review and complete. Each year you will have the ability to increase your cover.
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