We’re a Mutual
That’s good news for you
At PG Mutual we have one goal
to protect the livelihoods and lifestyles of our members and their families if they are unable to work due to illness or injury.
We’ve been providing Income Protection since 1928. Back then, we were called Chemists’ Sickness and Provident Society Ltd, an income protection society started by pharmacists, for pharmacists. The idea was simple. Each member added money into a pot that any member could withdraw from to support themselves and their families if they fell ill or had an accident.
Today…
you don’t just need to be a pharmacist to benefit. We now look after professionals and workers across the world of animal and healthcare. You pay a monthly premium and if you’re unable to work through injury or illness you can claim until you’re well enough to return to work or you reach the age of 65. We now also offer additional support services to our members to help them live happier and healthier lives.
We specialise in the world we know and are constantly listening to doctors, nurses, pharmacists, dentists, opticians, vets and a wide range of other animal and healthcare professionals whether they are full, part time or self-employed.
We’re also a Mutual Society. That’s good news for you.
As a mutual organisation, we are owned by our members. When you take out an income protection plan you become a member, and because we don’t have external shareholders, any profits we make go back to you in the form of a profit share scheme that aims to accumulate a lump sum for you once the policy reaches maturity.
There are a lot of things that make us different from other insurers.
Over
95%
of all new claims were eligible for payment in 2023.
We’re
Proud
to be a Mutual.
Over
£3.6m
member payments made, 2021 – 2023
Read what our members have to say
As a Mutual, we’re here to help our members when they need us most.
Don’t just take our word for it. Find out what some of our members have to say about their experience with us.
Read about our community
At PG Mutual, we have a long tradition of being a socially responsible company. It is at the heart of what we do.
We continuously strive to improve our practices and incorporate these initiatives and activities into our daily working lives to drive the future of our organisation.