Ellipse has made a series of changes to its group income protection proposition, Sick Pay.
The group risk insurer has broadened the offering to larger employers and added capability to provide flexible benefits.
Lee Lovett (pictured), Ellipse chief executive, said that with future growth and expansion plans in mind, now is the perfect time to expand Sick Pay beyond SMEs to the whole market.
Sick Pay will be available for any employer with two employees or more, with no maximum.
Other changes include a lump sum payment option following a limited term, a higher maximum benefit, more options when covering pension scheme contributions and greater flexibility to accommodate different state benefit deductions.
“We recognise its potential and our role to not only build on our strong presence in the SME market, but also expand the offering to provide cover for large employers, a number of whom may provide benefits on a flex basis,” Lovett said.