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ProtectMyPeople - A New Group Life Insurance Comparison Site - Launches for UK Small and Medium Business Owners

ProtectMyPeople
Posted on: 20 Sep 17
 
  • Price comparison experts, the idol.com have launched the UK's first ever price comparison site for "Death in Service" insurance
  • ProtectMyPeople aims to make group employee benefits more accessible for business owners.

LONDON, Sept. 20, 2017 (GLOBE NEWSWIRE) -- ProtectMyPeople , the UK's first price comparison website for "Death in Service" also known as "Group Life" insurance, has been launched.

Group life insurance is an insurance policy taken out by the employer, giving employees peace of mind if the worst was to happen. It provides a lump sum to the loved ones of an employee if they die whilst they are employed by the business.

The ProtectMyPeople service provides quotes from a range of leading life insurance companies. It is designed to save time and money, allowing business owners to easily compare the Group Life insurance options for protecting their workforce- http://www.protectmypeople.com

Mike Preston, Business Development Director of the idol.com, said:
"ProtectMyPeople is the first online price comparison service in the employee benefits market and we believe it will make obtaining group life insurance more accessible and efficient for small and medium business owners. We are working with business owners who may have never previously thought about the advantages of providing group life insurance for their employees, or felt it too complicated or too expensive to offer. ProtectMyPeople makes it easy for business owners and HR teams to compare and buy group life cover to help protect the families and loved ones of their staff if the worst should happen."

Group Life insurance is often significantly cheaper than individual cover purchased by employees separately, and can be used as an attractive benefit by businesses to recruit and retain staff.

Mike Preston continued:
"We know that business insurance needs to be simple, easy to understand and buy, and be cost-effective.  ProtectMyPeople is simple to use and only requires one form to be filled in alongside the details of employees that the employer wants to be covered. Clearly, death in service is a tragic occurrence, and one which no employer wants to happen, however the sad fact is that it can and does occur. Whilst tragic in any business, within a small or medium sized business the impact is felt much wider as typically the lines between work and home life are blurred where colleagues and families of colleagues are much wider known. Group Life cover goes a small way to offsetting the impact for the families and loved ones of those affected."

Notes to Editors:
ProtectMyPeople was established in 2017 as a trading style of Investment Discounts Online Ltd, to offer a specialist group life insurance comparison service that would utilise all of their experience. It provides small to medium enterprises with information, straightforward comparison from a range of leading group life insurance providers and the ability to purchase directly.

Investment Discounts On-Line Ltd is regulated and authorised by the Financial Conduct Authority (FCA Number 197451) and is wholly owned by the Legal & General Group.

Contact:

For more information or to arrange an interview:
Taneesha Pawar, Account Executive, Rostrum
t.pawar@rostrum.agency ; 0207 440 867

   

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: ProtectMyPeople via GlobeNewswire
HUG#2135776
GlobeNewswire
globenewswire.com

Last updated on: 21/09/2017

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