Unum Provident The Income Protection People

Unum Provident is a leader in providing income protection plans for dedicated rehabilitation services in the United Kingdom. It offers to those businesses that provide financial protection to its employees against the impact of illness, injury and death.

Unum Provident has emerged from the merger of Unum Corporation and Provident Companies in 1999 to become the largest income protection company in the world. The journey began in 1970 with the name of N.E.L. Permanent Health Insurance Limited (NELPHI). In 1990 the Unum Corporation of USA purchased and NELPHI became a subsidiary of Unum. In 1991 the company name was changed to Unum Limited. Unum Limited then went on to acquire some other leading income protection companies to ultimately become the leader in the business. In 2006 the company has provided cover to almost 2 million people in the United Kingdom.
Unum Provident aims at providing support to the employees, their families and the companies they work for. The company offers schemes tailor-made for the individual or organisational requirement. With such protection the individual is guaranteed a regular income at the time of illness or injury; replacement income till returning to work; independence from relying solely on state benefits and the company provides vocational rehabilitation consultants to return to work successfully.
For the employer Unum Provident provides great benefits. The cost of long term sickness of employees is limited and predictable; replacements recruitment is not required as the employees get vocational support from Unum; the investment by the company on key employees is protected as there are high chances of successful return to work; the pension and National Insurance contributions are taken care of by Unum and all these result in retention and recruitment of highly skilled, motivated and dedicated workforce.
Unum Provident products for group income protection include Group Income Protection, Pay Direct, Group Capital Option, Group Life Insurance, Group Critical Illness Cover and Flexible Benefits. These products offer almost anything and everything the employees or employers want. It protects income for both the short term and long term periods when the employees are ill or injured; the situation when the employee cannot return to work anymore due to permanent disability or critical illness or in the case of death. In case of an employee being unable to work anymore or leaving the employer, Unum provides benefits too. Above all, as more and more employers are opting for various benefits the company provides packages with Flexible Benefits.
For the Individual Unum Provident provides plans to protect ones personal income in case of illness or injury, both short term and long term; to make regular payment in case of not returning to work; regular monthly benefits based on the ability or disability to perform daily activities and finally its Elixia 123 Critical Illness Cover Plans cover an individual against the financial problems related to critical illnesses. From 11 April, 2007 Unum Provident came to be known as simply Unum.Unum