Leading the way for protection

Our 20 percent discount offer is now available until Friday 22 February, on Guaranteed Term Protection (GTP) or Guaranteed Mortgage Protection (GMP) policies, with Life Cover of €300,000 or more. This discount is not available on any policies with Serious Illness Cover. 

We will continue to lead the way for protection with market-leading pricing, running our other fantastic offers on GTP, GMP and Guaranteed Whole of Life until the end of March. 

We have also made some important updates to our policy documents for our Guaranteed Term Protection and Guaranteed Mortgage Protection offerings, which provide clarity to customers on some of the benefits that we offer. These updates will be reflected in our policy document for customers, for any policies input from Tuesday 5 February.  

Following on from launching the Funeral Expenses benefit to the Irish market last year, we are confirming that the maximum benefit payable is €10,000 (it had previously been €7,500 in our document, although any payment under the benefit would have been eligible for €10,000).

We were also the first to launch the Cancer in Situ – With Surgery definition to the Irish market. We have now updated the definition wording in our policy document to clarify what has been available to policyholders since we launched. For reference, we will make multiple payments under this definition for a Life Insured if they require surgery for multiple sites, with payments limited to one payment per site. We received feedback from financial brokers that their assumption was that we limited payments to only one single payment under the definition, which was not the case. We hope this update will make it much clearer for customers. 

We have also updated our main cancer definition in line with the latest Association of British Insurers (ABI) recommendations, to include an exclusion on early-stage thyroid cancers, because of medical developments and its very low severity.

We have updated the wording of our Protection Continuation Option, to make it clearer to customers about how they apply to exercise this option and how their replacement policy will operate.

And we have clarified that the ceasing age of Permanent Total Disability on joint policies is when the older of the lives turns 65.