Royal London Ireland is owned by The Royal London Mutual Insurance Society Limited – the largest mutual life insurer in the UK and in Ireland in 2021 they paid put over 43 million in Claims.

The death of a child is certainly not something anyone likes to think about especially when it is your own child. However, a sum of €5,000 will be payable if a child of yours dies during the term of the policy.

Children are also covered for the same specified illnesses as the policy holder/s, subject to a maximum of €25,000 for full payment illness and €7,500 for partial serious illnesses.

The child cover applies between the ages of 3 months and 18, or 21 if in full-time education.

With this, you can increase the level of your cover without providing any medical evidence, following any of these events:

• Your mortgage increases, either due to the purchase of a new main residence or the improvement of your main residence;
• You get married;
• You have, or adopt a child.

The maximum increase you can make following any one of these events is the lower of €100,000 and 50% of the original level of cover for that benefit. This option ends at aged 55 years old or in joint policies when the older person reaches 55 years old.