EPC delivered a report for Zurich on the benefits of rehabilitation activities which take place within income protection policies. Rehabilitation support provided through Group Income Protection policies has the potential to help people back to work faster than without access to it, and so reduce the length of absence from work. Financial benefits were quantified as around £110 million or £16.80 of benefit for every £1 that insurers spend on rehabilitation activities. Download the report here
Read Zurich’s press release on their website here
The rehabilitation report followed on from previous research for Zurich on the wider benefits of Income Protection policies including for individuals and for the taxpayer. Overall the taxpayer gains around £165 million annually from the presence of Group Income Protection policies (£85 million from lower welfare payments and £80 million from higher income tax and National Insurance Contributions). In addition to these gains for the taxpayer, individuals also gain with incomes higher by £190 million than in the absence of Income Protection. Download the report here.
Kyla Malcolm previously led work on Income Protection policies for Unum. The report is available from Unum’s website here