Insurance for Income
Protect your customers with Eleos white-labelled insurance. We’ve done all the work - you just say the word.
Income protection insurance
What is it and how does it work?
Income protection insurance is a safety net that gives both financial security and peace of mind. It adds value for your customers and extra revenue for you. Partner with Eleos and it’s easy to embed this essential protection into your customer journey.
One in every three of us will at some point be signed off because of ill health. According to the ONS, 2.8 million people are currently off work due to illness or injury.
For most people there are only three sources of alternative income:
Employers are legally obliged to pay only £109.40 a week in statutory sick pay. The self-employed get just84.80 from the state.
A quarter of UK households have less than £1,500 in savings but monthly outgoings of £2,500.
An Eleos insurance policy pays as much as 70% of a worker’s salary for up to two years while they can’t work.
What are the benefits?
For your customer, guaranteed long-term income, free extra benefits, discounts with popular retailers, control over their finances and peace of mind. For your business, a new revenue stream, protection of your primary business, enhanced product offering, better customer retention and stronger brand trust.
We’ve already partnered with several popular brands and retailers to provide what ‘Which?’ magazine called ‘the one protection product every working UK adult should consider buying.’
How can you add Eleos IP?
It’s a fully digital insurance product that can be seamlessly white-labelled and fully embedded in your platform. Choose your method, from no-code self-hosting to full customisation using our RESTful APIs.
Give your customers a simple, affordable shield to keep their finances safe if they can’t work because of illness or injury. They’ll thank you for it and it’s great for your business too.
Eleos Life Limited (FRN: 998550) is authorised and regulated by the Financial Conduct Authority. Eleos Life Limited is a company registered in England and Wales (Company Number 14010855), with its registered office at 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.
©Eleos Life Limited 2024