"It is clear there is a growing demand for enjoyable and engaging financial products which give their users tangible, ongoing benefits, and I look forward to seeing the impact of more and more advisers choosing Group Insurance policies that help people prioritise wellbeing."
- Sammy Rubin, YuLife chief executive
Currently, YuLife offers a range of Group Insurance products for companies looking to protect its employees, including group life insurance offering a tax-free lump sum based on the employee’s salary or a fixed lump sum; Group Income Protection (IP) which provides a monthly payment if the employee is unable to work for an agreed duration due to long-term illness or injury; Group Critical Illness (CI) which pays a tax-free lump sum if they, their child or their partner suffer one of the defined medical conditions; Group Dental Insurance which pays out towards the cost of routine check-ups, as well as preventative and restorative dental injuries.
YuLife also rewards members for wellbeing activities such as walking and mindfulness, as well as offering other health-related benefits including free 24/7 virtual GP access with prescriptions delivered to the door, and its Free Employee Assistance Programme with face-to-face short-term counselling.
YuLife provide a range of Group Insurance products for companies to protect employees plus offers a range of wellbeing rewards and benefits via its App which promotes a healthier lifestyle.
These benefits can be accessed through YuLife’s Employer Portal which offers full HR control, helping to manage employees’ insurance cover enrolment, adding and managing employees, and configuring the Wellbeing Hub, as well as monitoring, promoting, and reporting on employee engagement.
Commenting on this partnership, Mike Allison, Paradigm head of protection, has said:
“We start the new year off with the welcome addition of a new insurer to our panel, one which will offer our member firms access to a range of new Group Insurance products for their corporate clients.
“YuLife’s proposition is clearly focused on delivering benefits for the employer itself but also all individual employees who can utilise its App in order to track lifestyle and wellbeing improvements, and to be rewarded for those. At the same time, the product range itself is comprehensive and comes with a range of additional benefits.
“We’re looking forward to working with YuLife, to present the proposition to advisers, and to kicking 2023 off with a bang for all our member firms.”
Sammy Rubin, YuLife chief executive, added:
“I am delighted that we have partnered with Paradigm Protect to become part of its group insurance panel. Paradigm has a long-established reputation for excellence and an extensive reach within the adviser community, and we are grateful for the opportunity to bring our innovative, tech-driven approach to insurance to a wider range of businesses and individuals.”