Employees may be entitled to the state illness benefit, which is currently €188 per week. Self-employed individuals and Company Directors who pay PRSI under class S1 are not eligible to claim it.
Cover is available up to age 55, 60 or 65.
A deferred period is the amount of time that you must wait before your policy pays a benefit. This can be deferred for 4, 8, 13, 26 or 52 weeks and you choose which option you want when you apply for cover. The shorter your deferred period is, the more your cover will cost.
If you select this option, the insured benefit will automatically increase by 3% each year and the premiums by 3.5% each year. These increases will take place on each policy anniversary.
You can choose at outset whether the benefit paid to you in the event of a valid claim under your policy remains level or increases annually. If you select the option of increasing benefit, we will automatically increase your payment amount every year by 3% on the anniversary of the start date of your claim. There will be an additional charge for this option.
You can cover up to 75% of your annual earnings, to a maximum of €250,000
Please consult the product brochure for further details including:
Your salary is below our minimum amount so we cannot offer you income protection cover.