10 reasons to use Ellipse for group life and disability cover

1.      Our online quote system offers more options than any other group risk provider: group life quotes for up to 500 members, group critical illness and income protection for up to 300, and a minimum of just two members.  If you’ve not used it before, this 4-minute video explains the main features.

2.      We don’t charge minimum premiums or policy fees.  This makes us particularly attractive to small companies.

3.      Accurate premiums as we don’t use unit rates.  Our group contracts all charge for each member’s cover separately –– so your clients pay the accurate premiums for the cover that their members enjoy.

4.      We use a secure, intelligent online system to collect medical and other personal information about members whose benefits require underwriting.  It typically takes members around 20 minutes for members to complete the assessment (which they can do securely at any computer with internet access) and, in most cases, they get their decision immediately afterwards.  This 3-minute video explains how it works.

5.      We have an automated data updating service that allows clients to upload their data securely, quickly and easily.  Scheme accounts, with details of any changes to direct premium collections are then produced for them to download immediately.  It takes minutes – not weeks or months – to complete the whole process.  This 5-minute video takes you through the whole process.

6.      Master Trust: for registered group life schemes, our Master Trust facility means clients don’t need to set up their own trust and register it with HMRC (and it’s free!)

7.      Top-rated online systems:  clients can register on to our online platform as well, allowing easy and secure access to many features including scheme documents – in the F&TRC e-excellence survey our online systems came out top of all the insurers assessed.

8.      Flex and voluntary schemes available for all sizes of scheme.  Our quotation system brings flex basis group risk cover to small companies.  More information available here  

9.      Event limits in group life: we routinely provide £300 million cover per location in EC and E14 postcodes.

10.  Excellent financial strength ratings: we are part of Munich Re, one of the world’s largest insurance and reinsurance groups.