• Current page is 10.1: Corporate Services
• Current page is 10.2: Construction Insurance
• Current page is 10.3: Marine Insurance
• Current page is 10.4: Financial Services
  • 10.4.1: Life and Serious Illness
  • 10.4.2: Pensions
  • Current page is 10.4.3: Income Protection
  • 10.4.4: Investment
  • 10.4.5: Healthcare

Income Protection

What is it?

Income Protection Cover is a benefit designed to replace your income if you are unable to work due to a long term illness or injury. It will give you peace of mind to know that, in the face of such unforeseen and unwelcome events, your financial situation and lifestyle, and that of your dependents wouldn’t have to suffer.

What are the benefits?

• An income while you are out of work due to long term illness or an accident.
• Tax relief on your premium.
• Guaranteed Premiums available.
• A proportionate income if you have to take a lower paid job after making a claim.
• Hospital Benefit (if chosen) will be paid after you have spent seven days in hospital.
• The benefit will pay the premiums on your behalf once you start a claim.
• Premium and benefit increase by 3% pa to keep in line with your salary.
• Option to increase by 20% every 3 years with no further medical evidence.

What will the Government give me?

If you are self employed the Government don’t give you an income if you are unable to work due to an illness or injury.

If you are employed and qualify you will receive a disability benefit of approx. €134.80 per week.

Ask yourself:

Imagine you cannot go to work for the next two years due to an illness or injury...

Now do you think you should effect an income protection policy?

^ Top