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 Life insurance pays out a lump sum on the death of the life insured. Cover can often be obtained at a modest cost as life expectancy continues to improve yet it provides a valuable benefit. A group life insurance scheme might include all employees or those within certain categories. Usually, the lump sum insured for each employee is a multiple of their earnings, typically four times annual salary. Critical illness cover is available on a stand alone or combined with life insurance. This provides a lump sum payment if the life insured is diagnosed with a critical illness, such as cancer, as defined in the policy wording. Cover is significantly more expensive than straightforward life insurance cover. Income protection cover, also known as Permanent Health Insurance, pays a regular income to the employer to pass on to the insured person who is unable to work because of illness or injury. In a serious case that income can be maintained right up until normal retirement age. Private medical insurance can cover the cost of private medical treatment. The insured person can then receive treatment quickly without having to wait, possibly for a long period, for treatment on the NHS. If they can be treated more quickly they can hopefully return to work more quickly. There are various types of policy, from low cost with limited cover to those offering comprehensive cover and benefits. These can be adjusted to the needs of the business. All of these types of insurance can be provided for individuals, or groups of individuals, and can be used in various ways to provide attractive benefits for staff. The only one of these schemes that your employees will usually pay tax on the premiums as a benefit in kind is the medical expenses cover. 
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