Income Protector Calculator

State illness benefit

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.

Retirement age

Cover is available up to age 55, 60 or 65.

Deferred period

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.

Indexation

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.

Increase in benefit during a claim

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.

Maximum benefit

You can cover up to 75% of your annual earnings, to a maximum of €250,000

Further details

Please consult the product brochure for further details including:

the meaning of disability as defined in the policy;
the benefits available under the policy;
the general exclusions that apply to the policy; and
the reductions applied to the benefit where there are disability payments from other sources.