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Do you think you could you maintain your current lifestyle if you couldn’t work due to illness or injury? Unfortunately for many of us, the answer is no.
Our income protection insurance will come to your rescue if you can no longer work due to injury or illness. It will help to protect your lifestyle and tide you over in the event of long-term injury or illness
If you’re unable to work because of an accident or injury, this policy makes sure you’re provided with a regular monthly income after your chosen period of time (known as the deferred period)
The cost of your chosen cover amount is guaranteed for the whole term of your plan
Sometimes a little tax relief goes a long way – and you may be entitled to tax relief on your income protection insurance contributions
When you’re unable to work due to accident or injury, our income protection insurance will come to the rescue by providing you with a replacement income (called incapacity benefit). This payment will come into play after an amount of time called ‘the deferred period.’
If you are 18 to 54 years of age and in full-time employment, or if you’re self-employed; you can protect some of your income until you’re 65.
Only available if you’re living in the Republic of Ireland.
Find out answers for some of the frequently asked questions
You choose the amount of cover you want, within limits, and make the payments to us as set out in the plan schedule. If you can’t work for more than 13, 26 or 52 weeks as a result of illness or injury, we’ll pay the appropriate benefit. Under current law, any benefit we pay is treated as income and so will be taxed as income.
You call the shots when it comes to how much cover you need based on your current earnings, how long you need the benefit to be paid for, and how long you want the cover for. The maximum amount available is €250,000 or 75% of your total yearly earnings and benefits paid are less any State benefits or other income protection plans.
You can also decide the length of your deferred period (either 13, 26 or 52 weeks). In the event of a claim, once this deferred period has elapsed you receive the incapacity benefit to replace some of your income while you are off work.
If you stop making your regular premium payments, you will no longer be protected, and we will not return the premiums that you have already paid.
We provide cover until your plan ends, no matter how many claims you make.
It’s important to keep us in the know – so tell us when an illness or an injury stops you working.
We pay you a monthly income from the end of your chosen deferred period for as long as you are eligible. That means you can keep the lifestyle you’re so used to.
If you are in hospital for more than seven days in a row during the deferred period, you might just be eligible for hospitalisation benefit (check with your local advisor for more info on this).
Tax must be paid on any benefit received from the product.
Income protection does not cover you if you become unemployed.
Income Insurance is provided by Irish Life Assurance plc.
Acceptance terms and conditions apply. EBS d.a.c. is tied to Irish Life Assurance plc.
Irish Life Assurance plc is regulated by the Central Bank of Ireland.
EBS d.a.c. is regulated by the Central Bank of Ireland.