Everything You Need
to Know

Group Risk is an umbrella term for three employer-sponsored insurance products: Group Life Insurance (Death-in-Service), Group Income Protection, and Group Critical Illness Cover. Each can be purchased individually or bundled together — and all three are designed to protect employees and their families against the financial impact of serious life events.

Each product is entirely standalone. Many Irish employers start with Group Life Insurance — the most common and cost-effective — and add Income Protection and Critical Illness Cover as their benefits programme matures. We help you identify which combination makes most sense for your organisation.

Not at all. Group Risk products are available to employers with as few as ten employees. Smaller schemes do face limited insurer choice, but GroupRisk.ie specialises in finding competitive solutions across all sizes of organisation.

For a straightforward Group Life Insurance scheme, setup can be completed in as little as two to four weeks. Income Protection and Critical Illness schemes may take slightly longer due to more complex underwriting requirements. We manage the entire process and keep you informed at every stage.

To obtain market quotes, we typically need the total number of employees to be covered, their ages and salary bands (no individual names required), the desired benefit structure, and the company's industry sector. We provide a comprehensive questionnaire that makes this process straightforward.

For most Group Risk schemes, individual medical underwriting is not required for employees who join at the outset or within a defined "free cover" limit. Employees joining late or seeking cover above the free cover limit may require some medical evidence — we advise on this case by case.

We do not require individual employee names during the quoting process. Employees are anonymised by age and salary band, ensuring privacy throughout. Individual claims are handled with strict confidentiality between the insurer, the employee, and GroupRisk.ie.

Yes. Employer-paid premiums for Group Life Insurance and Group Income Protection are generally deductible against corporation tax as a business expense — making them one of the most tax-efficient employee benefits available.

For Group Life Insurance, the lump sum is paid tax-free up to four times the employee's annual salary. Income Protection benefits are paid through payroll and are subject to PAYE/PRSI/USC as income. Critical Illness benefits are generally received tax-free as a capital sum.

We approach every insurer operating in the Irish Group Risk market simultaneously and invite them to compete for your business. This competitive tender process consistently produces better rates than approaching insurers directly, because insurers know they are in competition.