Group private medical insurance (GPI) is a type of private medical cover taken out by a company to protect its employees. It allows the company’s employees to access private medical services faster than if they needed to use the National Health Service (NHS).
How many people does group medical insurance cover?
This type of group insurance can be adapted to cover the full workforce of any business. Whether you have two employees or two thousand, there is group private medical insurance policies available to suit all business needs. This cover can be taken out by new start-ups, SMEs, or large global companies.
Benefits of group medical insurance to a company and employees
The benefits of taking out group private medical insurance as a company include:
- Staff get faster treatments and therefore need less time off work, saving business hours and money!
- The insurance can boost morale among staff and shows you value their work
- Group private medical insurance is tax-deductible
Offering staff access to private medical services in the event of injury or sickness is a fantastic way to reward staff or even attract top professionals to your company. It contributes to an appealing salary package and recognises employees’ value to the business. Sometimes the worker can even extend the cover to family members, allowing their loved ones to access cover at a cheaper cost.