Scottish Equitable Employee Benefits (SEEB) has launched a new group income protection (IP) plan which focuses on early intervention and employee rehabilitation.
SEEB’s group IP cover promotes early intervention by employers in circumstances where staff have been absent from work over an extended period due to sickness or accident.
SEEB can then draw on a network of external experts to devise a rehabilitation programme designed to get employees back to work as soon as possible.
A typical rehabilitation programme might include independent medical examination, visits from a qualified nurse, functional assessments, work reintegration programmes and career counselling.
The new plan encourages employers to notify SEEB of potential claims as soon as possible after the employee falls ill and at the latest after eight weeks. SEEB has also developed a claims guide for employers and IFAs to use in conjunction with the scheme.
The group IPcover is the second new product initiative from SEEB, which was launched in May 2000 following the acquisition and subsequent integration of Guardian Employee Benefits by Aegon UK.
SEEB recently unveiled details of its new-look group critical illness plan.
The company aims to become number one player in the employee benefits market by 2003.
SEEB marketing actuary Rod McCarthy said: “Absence through sickness costs employers an average of £426 per employee each year and a stressful job and lifestyle can prevent staff returning to work quickly. After someone has been off work for six months, there is only a 50 per cent chance of them ever returning.”