Mortgage Protection

Mortgage Protection - Life & Illness - Royal London

(01) 845 0049

Mortgage Protection - Life & serious Illness cover from Royal London, will make payment to your mortgage lender should a claim occur during the policy term. The premium will remain fixed throughout and aassigning the policy to your lender is made simple. Adding serious illness cover to this policy means that in addition to your life cover, you will also be covered for 100 specified serious illnesses during the policy term.

Mortgage Protection

Main Benefits

Should a death claim occur during the cover term a tax-free payment will be made payable. Joint life claims pay-out on the first claimant only.

If you are diagnosed with one of 100 specified serious illnesses during the term of your policy, a tax-free lump sum will be paid out. 60 full payment illnesses and 40 partial payment illnesses are covered, including the 3 major full payment conditions of cancer, heart attack, and stroke. The survival period prior to a claim pay-out is 10 days.

Additional Complimentary Benefits

Helping Hand is available to use from the day your policy starts – not just when making a claim. It doesn’t cost anything extra to use and your partner and children can use it too.

Some of the ways in which Helping Hand could benefit you:

  • face-to-face second medical opinion
  • speech and language therapists
  • oncology nurses
  • physiotherapy
  • cardiac rehabilitation support
  • complementary therapies
  • massage and reflexology
  • the provision of bereavement counsellors.

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.

If you are diagnosed with a terminal illness and have less than 12 months to live, Royal London will pay the full amount of Life Cover as of the date of diagnosis. A terminal illness is an illness where, in the opinion of the attending Consultant and Royal London’s Chief Medical Officer, you will not survive the next 12 months.

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.

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