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Safeguarding you and your loved ones from life’s unexpected setbacks with a variety of benefits, each providing a financial safety net that can relieve the stress of illness, injury, or loss. By having these protections in place, you reduce the worry that financial strain can bring, allowing you to focus on recovery, family, and overall wellbeing.
Life assurance provides a sum of money that can be used to pay off mortgages, clear debts or provide a regular income to your beneficiaries should you die whilst employed by BNP Paribas (age limits apply). Through membership of our UK pension plans, BNP Paribas provides you with a core level of registered life assurance cover with MetLife.
You can also choose life assurance for your partner in increments, subject to acceptance by the insurer and completion of medical underwriting, if appropriate. The cost is dependant upon your partner's age (up to a maximum number of years) and will increase as they get older.
Personal Accident Insurance through Millstream covers you for a range of injuries and accidents with variable payments. Coverage ranges from accidental injury to permanent disability or death. BNP Paribas provides you with a core coverage level which automatically includes any dependent children. You have the option to increase your cover, as well as to cover your partner (up to a maximum amount). You can opt out or reduce the core benefit coverage level.
Group Income Protection (GIP) provides a monthly income in the event that you become injured or ill and are unable to continue working. BNP Paribas covers you at its own cost for a core level of your pre-sickness salary (capped). You may increase your level of cover at your own cost, or decrease and receive the difference in cash. The benefit is paid as regular monthly taxed income if you are unable to work for a continuous period of 28 weeks and meet the insurer’s definition of incapacity.
Critical Illness Cover is provided through a group policy insured by Canada Life. The amount of cover you choose is payable as a tax free cash lump sum should you be diagnosed with a specified critical illness or undergo certain operations.
