Questions and Answers
You can choose to buy specified illness cover in the following ways:
- Stand-alone specified illness cover (by itself)
- Independent specified illness cover (with life cover) or
- Accelerated specified illness cover (which you have to take out with life cover).
If you choose to take out specified illness cover, you are also entitled to an independent partial payment on the 21 conditions listed above.
- yourself (single cover),
- you can protect you and your partner (dual cover),
- you can also protect your children. If you take out specified illness cover, for as long as you are covered,
Irish Life will cover each of your children between 30 days old and 21, for €25,000 or half your specified illness benefit amount, whichever is lower.
Cost depends on your age, health, the term, and the amount of cover you choose. Specified Illness cover can be bought separately, or as part of a life insurance plan, such as term life insurance. If you're looking for a quote, one of our advisors would be happy to help you.
Specified Illness Claims in 2012
- Irish Life paid out € 41.5 million in specified illness cover.
- The main causes of claims were malignant cancer 63%, and heart-related conditions 19%.
- Average age of adult claims was 49 years.
- Irish Life paid 29 of children’s specified illness cover claims (main causes of claims were malignant cancer 59%)