Serious Illness Cover – Irish Life
Serious Illness Cover from Irish Life, is a benefit which pays you a lump sum if you are diagnosed with one of the specified conditions covered. You can use this lump sum to help maintain you and your family’s standard of living, pay for medical bills and help you cope during a difficult time. What’s more, because you may have to adapt your house to make your day-to-day life easier, specified illness cover could help with these outgoings too.
If you are diagnosed with one of 65 specified serious illnesses during the term of your policy, a lump sum will be paid out. 45 full payment illnesses and 21 partial payment illnesses are covered. The partial payment is €15,000 or half your specified illness benefit amount, whichever is lower. However, for coronary angioplasty the partial payment is €40,000, or 75% of your specified illness cover amount – whichever is lower.
Free Children's Cover
Your children between the ages of 30 days old and 21 are covered for up to €25,000, or half of your specified illness benefit amount, whichever is lower, for as long as you are covered.
Terminal Illness Benefit
If you have stand-alone specified illness cover (which means you have no life cover on this plan) and you are diagnosed as having a terminal illness, Irish will pay €15,000 of your specified illness cover straight away, or half your specified illness benefit amount, whichever is lower.
Where chosen, this option allows you to convert your cover to another policy without having to provide new evidence of health. You can use this option at any point over the course of your policy. The maximum age to extend cover is to age 85. If you select the conversion option, you can select any term for your cover from 2 to 50 years for life cover
Where chosen, Inflation Protection ensures that your cover increases by 3% and your premium increases by 4.5% each year. This helps to protect the real value of your cover as time passes.