If you’ve landed on this page, you’re likely searching for the cheapest mortgage protection insurance in Ireland—and you’re in the right place. We provide not only the lowest fixed premiums (with full-term discounts) but also market-leading policy benefits, an optional Conversion Option, and a fast, hassle-free service.
As a financial broker, we offer the convenience of instant online quotes, just like comparison websites, but with better discounts, better service, and better long-term value.
Cheapest Mortgage Protection Insurance
We guarantee the lowest fixed mortgage protection premiums by comparing every major insurer, applying full-term discounts, and giving you the first month free. We also ensure that you never miss out on important benefits or features that could save you money and protect you long-term.
Before diving into these benefits, let’s clarify what mortgage protection is and how to secure the cheapest possible quotes.
What Is Mortgage Protection?
Mortgage Protection is a type of life insurance designed to clear your outstanding mortgage if you die during the mortgage term. Unlike standard life cover, the level of cover reduces over time, matching the reducing balance of your mortgage.
All mortgage protection policies assume a 6% interest rate, which is higher than today’s mortgage rates. Because of this, a surplus is typically paid out if a claim is made and your mortgage balance is already lower.
How to Get the Cheapest Mortgage Protection Quotes
When comparing mortgage protection policies in Ireland, you’ll need to provide:
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Dates of birth
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Smoker status
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Loan amount
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Mortgage term
Different insurers charge different rates for the exact same details, so comparing multiple providers is essential.
All quote comparison websites and brokers produce quotes assuming standard health rates, however if you have a significant health condition, your premium may increase after underwriting.
It’s also important to note that banks cannot require you to add Serious Illness Cover or a Conversion Option—these are entirely optional.
Where the Real Cheapest Price Comes From
Many online brokers can compare the standard market, but the cheapest actual price comes from:
✔ The biggest discount on the cheapest market rate
✔ A fully fixed premium for the entire policy term
✔ No gimmicks or short-term cashback traps
Always focus on the true long-term cost, not temporary offers.
Added Value: What Benefits Actually Matter
The complimentary benefits offered by insurers vary—and not all benefits are equally useful. Below is a clear, easy-to-follow ranking of the most valuable features, when it comes to mortgage protection insurance.
Top Complimentary Benefits (Ranked)
1. First Month Free
Immediate savings for everyone. Very helpful if switching from an existing policy.
2. Dual Life Cover (Not Joint Life)
Pays out on both lives, not just the first. Now offered by some insurers at no extra cost.
3. Guaranteed Insurability
Allows you to increase cover without new medical evidence—very valuable if your health changes.
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Most insurers: increase up to €100,000
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Aviva: capped at €50,000
4. Missed Payment Reinstatement
Royal London offers the most generous reinstatement window: 100 days.
5. Second Medical Opinion
Helpful for serious diagnoses. Offered through Aviva and Royal London only.
6. Children’s Life Cover
Usually up to €5,000 at no extra cost.
Zurich does not include this.
7. Accidental Death Benefit / Advance Life Cover
All six major insurers include this. Provides cover between application and policy approval.
8. Waiver of Premium
Covers your insurance premium, not your mortgage repayments.
Only Zurich offers it and claim rates are low (as it requires 3 months of continued serious illness)
9. Terminal Illness Benefit
Included with all policies.
Note: This is not the same as Serious Illness Cover.
10. Mental Health Support
Provided by Aviva and Royal London (counselling, therapy sessions).
11. Bereavement Support
Support lines and counselling for you and your partner—Aviva and Royal London only.
12. Digital GP
Provided by Aviva and New Ireland.
However:
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Aviva does not allow discounting.
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New Ireland offers a 20% discount (for cover ≥ €500,000), but some other valuable features are missing.
Tip: If you have VHI, check whether Digital GP is already included.
Optional Add-Ons
Serious Illness Cover
Not required by your bank.
We rarely recommend adding it to mortgage protection because:
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Claims are paid to the bank, not you.
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It significantly increases cost.
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It’s usually better value on a separate family protection policy.
Conversion Option
A powerful optional feature that allows you to:
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Extend your policy term
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Increase your cover (within limits)
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Convert your reducing mortgage protection to a level term life policy
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Make changes without any new medical evidence
This protects you if your health declines later.
Cost: typically adds about 5% to the discounted premium—well worth it for flexibility.
Service Matters: Fast, Simple, Stress-Free
Our process is designed for convenience:
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100% online application
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No printing, scanning, or posting
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Instant online quotes
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Full policy schedule provided immediately for lender assignment
We remove delays and eliminate stress—ideal when you’re organising a mortgage.
Get Your Cheapest, Best-Value Mortgage Protection Today
No gimmicks, No inflated prices, just:
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The cheapest fixed premium in Ireland
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The best policy benefits
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The first month free
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A fast, seamless online service
Start your instant mortgage protection quotes now and secure the best long-term value for your mortgage.
