Income Protection Insurance Great Eastern

Income protection insurance is an insurance policy designed to help replace your income due to any illness or injury preventing you from being able to work for a prolonged period.

Income protection insurance great eastern. For ages there were only two providers of income protection in ireland. You can get short term or long term policies depending on your needs. Please note that our protection products are now sold through aviva life protection. Singapore great eastern ge has rolled out an insurance plan for self employed freelance and gig economy workers amid the covid 19 outbreak in a tie up with telehealth provider doctor anywhere.

A plan to lifeproof freelancers from only 0 73 day. In 2016 royal london joined the party. Then came new ireland soon followed by aviva. Personal insurance corporate solutions.

The maximum cover level permitted is 75 of your regular annual income less the state disability benefit where you re entitled to this benefit as an employee or as a self employed individual in ireland. Most income protection insurance policies are short term. They pay out for a set period usually up to two years while you get back on your feet and return to work. Permanent health insurance phi not to be confused with private health insurance that covers medical costs.

Ip descript financial security if illness or injury prevents you from working. There are several types of income protection policy. Phi means you can protect a portion of your income often 50 of your gross salary in the event of illness or an accident that means you re unable to work. What types of income protection are there.

Some income protection is better than no income protection. You can start this plan up to age 54 and can choose to end it at age 55 60 or 65. Great eastern s pay assure provides monthly income benefit payouts and rehabilitation reimbursements if you are unable to work due to sickness or injury. Pays you a regular income if you can t work because of an injury or illness while employed.

Up to 150 day in hospital cash icu cash benefit. Long term income protection is available too will provide a regular income for a longer pre agreed period until you are well enough to return to work. Income protection insurance will provide you with financial support if you find yourself unable to work due to accident or illness or if you re made redundant. Or 250 000 a year.

Column 2 safeguard your family from the financial uncertainty that comes with death please note that our protection. Who has the best income protection in ireland.