Anorak is an award-winning independent online broker for life insurance, income protection and critical illness cover.

Financial benefits, such as income protection and life insurance, increases staff retention, with companies who prioritise supporting their employee’s financial resilience seeing a 16% reduction in leavers compared to the previous year.

Employee benefits company EBCam has partnered with Anorak, an online broker for life insurance, income protection and critical illness cover, to provide further support to employees on their financial journeys.

The partnership follows increasing demand for financial support at work, as research reveals over two-thirds (67%) of employees felt unsupported by their organisation when it came to financial wellbeing at the height of the lockdown last year.

EBCam will be working with new and existing clients to introduce Anorak, allowing employees to top up what they may already get from their employer where appropriate. The partnership will also be used as part of EBCam’s leavers package, providing employees who are changing their jobs with replacement protection.

This extra service will provide even further support to EBCam’s existing clients who are looking to deliver modern flexible benefits to help their employees and their businesses thrive.

David Vanek, CEO and co-founder of Anorak commented: “The pandemic has left thousands of people reassessing what they want from their job and with many looking for alternative avenues, it is important businesses factor existing policies into their benefits packages. We’re really excited to be partnering with EBCam to help companies attract new talent and retain existing employees through a competitive and educational package.”

On this new venture, James Bolton co-founder and MD of EBCam commented: “We are really pleased to be working alongside Anorak and are really impressed with their online platform and customer service. Often employers already provide a level of life, income or critical illness protection however every employee has their own needs, and the option to top this up with their own cover is something we believe many of our clients and their employees will find of value. In addition, employees may leave a job to take a higher salary but aren’t always aware of the valuable benefits being left behind. Offering Anorak will ensure that people have the option to select individual cover, that will continue beyond their current employment.”