Why Doctors Need Higher CIC Cover
Doctors typically have higher incomes, larger mortgages, and greater financial commitments than the average professional. A critical illness diagnosis could mean:
- Loss of private practice income (which is not covered by the NHS Pension)
- Inability to perform surgical or clinical duties
- Impact on partnership income for GP partners
- Loss of locum or additional earnings
A CIC payout of £200,000–500,000+ provides a financial buffer that allows you to focus on recovery without worrying about your mortgage, school fees, or lifestyle commitments.
NHS Pension Ill-Health Benefits
The NHS Pension provides ill-health retirement (Tier 1 and Tier 2), but it has significant limitations for doctors:
- Requires permanent incapacity – not suitable for conditions with good recovery prospects
- Does not replace private practice income
- Process can take 6–12 months
- No immediate lump sum for treatment or mortgage
Tax-Efficient Options for Doctors
If you work through a limited company (common for locum doctors and some GPs), consider having your company pay for CIC as part of a wider business protection package. Speak to your accountant about the most tax-efficient structure.
For GP partners, a key person insurance policy may also be appropriate to protect the practice if a partner becomes critically ill.
What Level of Cover?
| Doctor Role | Typical Income | Suggested CIC Cover |
|---|---|---|
| Junior doctor | £30,000–55,000 | £100,000–200,000 |
| GP (salaried) | £65,000–95,000 | £200,000–400,000 |
| GP (partner) | £100,000–150,000 | £300,000–500,000 |
| Consultant | £95,000–130,000+ | £300,000–500,000+ |
Frequently Asked Questions
Yes. NHS Pension does not replace private income. CIC pays immediately on diagnosis.
3–5x annual income. Consultants/GP partners: £300,000–500,000+ is common.