Pension
Make sure you’re saving for your future with the AXIS Pension Plan, currently provided by Aegon. There will be a non-contributory, company-funded element for all employees. You can then contribute anywhere between 0 to 100% of your salary on top using Salary Sacrifice. You can change the percentage of your contributions on MyBenefits.
When can I select it on MyBenefits?
You can select to contribute into your Pension Plan or change your contribution in any monthly benefit selection window.
Life Assurance
This benefit is designed to take care of your loved ones should you pass away whilst employed at AXIS. Your nominated beneficiaries (usually your family but it can be anyone you choose to name) would receive a one-off tax-free lump sum.
All employees will have access to a core level of company funded cover. You can use your Flex Allowance to increase your core level by an additional 1 to 4 times your basic salary.
When can I select it on MyBenefits?
You automatically get the core cover when you join the company. Flex selections can be made during the annual benefit selection window or at a new joiner window.
Partner Life Assurance
You can cover your spouse or partner for extra peace of mind. Cover is available in units of £25,000 up to £500,000.
When can I select it on MyBenefits?
During the annual benefit selection window or at a new joiner window.
Group Income Protection
If you can’t work for an extended period due to an accident or illness, you can still receive a regular income – helping you focus on recovery. You will be covered for 75% of your basic annual salary after you have been absent from work for 26 weeks and your claim is accepted by the insurer. Subject to a claim being accepted by the insurer, this benefit will be payable up to age 70, or until you return to work, whichever is sooner.
When can I select it on MyBenefits?
You automatically get this benefit when you join the company.
Critical Illness Cover
If you get diagnosed with a serious medical condition, you may find your personal situation dramatically changes. With Critical Illness Cover, you can receive a tax-free lump sum on diagnosis of a number of specified critical illnesses.
You can choose cover in units of £25,000 up to £500,000 or 5x salary, whichever is less.
When can I select it on MyBenefits?
During the annual benefit selection window or at a new joiner window.
Partner Critical Illness Cover
If you choose to cover your spouse or partner, they cannot be insured for more than your personal cover. Cover is available in units of £25,000 up to £250,000.
When can I select it on MyBenefits?
During the annual benefit selection window or at a new joiner window.