Serious Illness Cover – Royal London

Royal London Mortgage Protection

Serious Illness cover from Royal London provides cover for 85 specified illnesses, 52 full payment illnesses and 33 partial payment illnesses. The policy includes “Helping Hand,” as well as number of additional featured benefits detailed below. Royal London is a market leader in the provision of comprehensive serious illness cover.

Featured Benefits

Serious Illnesses

If you are diagnosed with one of 85 specified serious illnesses during the term of your policy, a lump sum will be paid out. 52 full payment illnesses and 33 partial payment illnesses are covered, including the 3 major full payment conditions of: cancer, heart attack and stroke.

Free Children’s Cover

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

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

Guaranteed Insurability

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.

Optional Features

Benefits Continuation

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, up until the age of 70. (If you are on a Joint, or Dual policy, you can use this option up until the oldest person on the policy turns 70). The maximum age to extend cover is to age 90, the highest on the Irish market.

Inflation Protection

Where chosen, Inflation Protection ensures that your cover increases by 3% and your premium increases by 4% each year. This helps to protect the real value of your cover as time passes.

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