Group insurance is a single policy that allows many members of an organisation (usually an employment group) to purchase an insurance policy with competitive wholesale premium rates, offering minimal or no medical underwriting and simple administration provided by your broker.  The cover that you provide through Group Insurance varies, however it may provide life insurance, total and permanent disability (TPD) or even group salary continuance (Income Protection).

By providing a Group Life or Salary Continuance insurance policy to your employees, you are providing employees with valuable protection for themselves and their families.  You will also be providing an invaluable benefit to your business protecting against unforeseen extended sick leave expenses.

With the right benefits program in place, businesses can offer employees (including owners) unrivalled security at a low cost to the business.  A successful employee benefits program should help to achieve the following:

  • Increase employee loyalty, engagement and morale
  • Differentiate your employment offering and attract and retain quality employees
  • Become and remain an employee of choice
  • It also negates any moral or financial dilemma you face as to whether to continue to pay a sick or insured employee

Premiums are usually less than you would expect.  As a general rule of thumb, the premium should cost you less than 1% of your total payroll.  Furthermore, some policies allow groups as small as ten people to join.

Please note:
We have partnered with Steadfast Life Pty Ltd to create Planned Life Cover, a division that sells life insurance products to our clients. Any services provided to you by Planned Life Cover are done so under Steadfast Life’s Australian Financial Services Licence no 421904.

Staff Profile

Please contact the following Planned Cover Account Managers directly for a referral to Planned Life for this product:

Genevieve Reed

Account Manager - VIC

Cos Cirocco

National Business Manager - State Manager SA

Kylie McGrath

State Manager - WA

Karen Meiklejohn

State Manager – QLD/NT