Group Insurance Programmes
What is Group Insurance?
Group insurance for employees is a type of insurance policy arranged by an employer that provides financial protection for a group of employees under a single policy.
Typically, these include any or all of the following:
• Group Life Insurance (Death in Service)
• Group Critical Illness Insurance
• Group Income Protection Insurance
Tapper Financial Services provides support to businesses by reviewing and implementing workplace insurances for employees which strengthens employer benefit packages.
Benefits of Group Insurance to the Employer
Studies have shown that well-structured insurance plans benefit the employer as well as the employee. The main benefits to the employer are as follows:
• Enhanced recruitment competitiveness
• Improved staff retention and loyalty
• Commitment to employee wellbeing
• Usually more cost-effective than individual insurance
• Often easier to obtain than individual insurance, (may not need full individual medical underwriting)
• Supports employer ethos and company culture
• Reduces financial stress-related absenteeism
• Strengthens engagement and productivity
• Cost-effective enhancement to remuneration packages
• Aligns with modern wellbeing strategies
Benefits of Group Insurance to Employees
There are multiple benefits of a group insurance scheme to employees. It immediately
increases the financial stability for the family. At the same time, it can reduce some of the cost burden of paying for personal and family protection to the employee. Key employee benefits include:
• Financial protection for their families
• Peace of mind through workplace cover
• Often no medical underwriting for basic cover levels
• Access to valuable support services included within policies
• Greater financial security during illness or incapacity
• Improved overall financial wellbeing
Industry Statements on the Benefits of Employee Wellbeing
“Organisations that align employee benefits with wider wellbeing strategies often experience improvements in employee engagement, productivity and staff retention”
Source: Chartered Institute of Personnel and Development (CIPD) – Reward Management Survey / Employee Benefits research
“Investment in employee wellbeing initiatives can generate a measurable return for employers, with research indicating an average return of approximately £5.30 for every £1 invested in employee wellbeing programmes”
Source: Deloitte (2020), Mental health and employers: Refreshing the case for investment, p.36.
“Financial wellbeing support is increasingly valued by employees, with research suggesting that around 65% of employees consider financial wellbeing support important when choosing an employer”
Source: The Access Group – Financial Wellbeing in the Workplace research
“Providing financial wellbeing and protection benefits can reduce financial stress among employees, which is linked to improved productivity, engagement and workplace morale”
Source: WUHL – Financial Wellness and Workplace Productivity research overview
Sources correct as at March 2026. External research references are provided for general information purposes only and do not constitute advice or endorsement. Information may change over time and readers should refer to the original publishers for the most up-to-date data.
How Tapper Financial Services Can Help
Tapper Financial Services works with employers to advise and arrange appropriate group insurance schemes
Employee Financial Wellbeing Programme
Our Employee Financial Wellbeing Programme provides financial reviews for staff. We advise on and arrange their personal insurance and mortgages. We meet them either in person (at home or at work) or on-line. The Employee Financial Wellbeing Programme includes any or all of the following:
• Life insurance
• Critical illness insurance
• Income protection insurance
• Buildings & contents Insurance
• Mortgage review and arrangement
Benefits to the Employer
The programme costs nothing to implement, but has an important impact on the perception of the value of the employer to the employee. The consequence is a much more stable mindset for employees, which can have a significant impact on productivity and workforce stability.
The key benefits to the employer are as follows:
• Zero implementation cost
• Added employee benefit without financial cost
• Improved morale and engagement
• Stronger employer value proposition
• Supports HR wellbeing initiatives
• Positive employer branding
Benefits to the Employee
Personal financial stress is a significant issue in the UK and it directly impacts the workplace. Providing access to professional financial guidance helps employees make informed financial decisions, with professional financial guidance from a trusted source.
The key benefits for employees are as follows:
• Clearer understanding of their financial position
• More informed financial decisions
• Lower financial anxiety
• Improved long-term financial resilience
• Waiver of standard £650 mortgage fees
How Tapper Financial Services Can Help
Tapper Financial Services works with the employer to find appropriate time for one to one sessions for individual employee financial reviews. These might be in the work-place, or at the employee’s home, or on-line. We review their circumstances in a confidential, informal, but structured way. We advise on and arrange insurance and mortgage products. We make no charge for this service under this programme. Our insurance advice will always synchronise with employer benefits, if available.
No Cost to Employer Nor Employee
Tapper Financial Services makes no charge to run this programme. Also, our standard fee for mortgage arrangement (£650) will be waived, which represents a very high value benefit to employees.