Member Services Update: Metropolitan and City of London Group Insurance Scheme (GIS)
We are very pleased to confirm both the Group Life Assurance and Group Personal Accident policies for serving officers have been enhanced and the cover now includes Legal Expense Insurance, previously called the “ARC” Scheme.
There have been enhancements to the Standard Group life package along with the addition of the Legal Expense Insurance.
The new cost of individual cover is £11.00 per month which is an increase of 96p per month.
For this additional premium the value of the life cover has increased from £145,000 to £150,000. The total Disablement benefit for serving officers also increases to £150,000.
Firearms assault benefit increases from £1,500 to £2,500,
Stabbing Assault Benefit increases from £750 to £1,500
Court awarded Compensation increases from £500 to £1,000
There are two additional benefits a disfigurement/scarring from Burns lump sum benefit up to £5,000 and a Child Death Grant of £3,000 payable in the event of the death of a serving officers natural born or adopted child aged between 6 months and 17 years.
The cost for Spouse/Partner cover will rise from £3.75 to £3.92
All other benefits remain the same.
Whist any increase in price is unwelcome, other than slight increases for Insurance Premium Tax this is the first price increase for 6 years, and with the additional benefits added it is still a very competitively priced product. This is without the addition of the legal expense insurance.
For those officers who are not members of the Group Insurance Scheme as of the 1st April 2019, you will no longer be covered by the Off Duty Legal Expense Insurance and we would encourage you to join the GIS in order to maintain this cover.
Along with off duty legal representation and off duty misconduct matters the Legal Expense Insurance also provides cover for certain civil claims such as consumer disputes, there is also a tax helpline and an employment dispute coverage for your spouse or partner.
Previously the off-duty coverage was provided to you by the Metropolitan Police Federation from your monthly subscriptions but as has been previously communicated we are no longer able to do this, due to the changes forced on us by the PFEW.