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.

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.