Income protection features

Generous maximum benefit

You can insure up to 75% of your annual income, up to a maximum of €262,500 (before indexation, if applicable). But when it comes to protecting your income, a little goes a long way and you don’t need to cover this much if cost is an issue. Remember, your benefit will be subject to providing proof of earnings at time of claim.

Wide choice of deferred payment periods

A deferred period is the amount of time that you have to wait before your policy pays out. When you’re setting up your policy, you decide when you want your claim payments to begin. So if your employer pays you for six months while you’re ill, you can have your benefits start when this period runs out. With Aviva income protection, you can defer for 4, 8, 13, 26 or 52 weeks. The shorter your deferred period, the higher your premium will be.

Option to keep up with inflation

You can choose at the outset whether you want your benefit to stay level or to increase annually to keep up with inflation. This is called indexation. If you choose indexation, we’ll automatically increase your payment amount every year by 3.5% on the anniversary of the start date of your claim. There will be an additional charge for this option.

Premium waiver

You don’t have to pay any premiums while your benefit is being paid to you.

Non-smoker reward

Statistically, non-smokers generally enjoy better health. So, when you start your policy, if you haven’t smoked any form of tobacco during the last 12 months, we reward you with lower premiums than if you were a smoker.

Tax relief on premiums

You can claim full Irish tax relief on all the income protection premiums you pay at your marginal rate of Irish tax (as long as your premiums don’t exceed 10% of your total Irish income). This is only available if you pay income tax and it’s your responsibility to claim this tax relief. You should be aware that a change to your tax or employment status may affect your eligibility to claim tax relief.

Top ups for more protection

Need more cover than your current policy gives you? You can top up your policy to give you additional cover – up to a maximum benefit of 75% of your current earnings. If you choose to top up we'll need to take your age, health and pastimes into account and If you’re accepted for cover, we’ll charge you the rates applicable at the time of your top up.

Change of occupation

If you change your occupation, we will continue your cover regardless of what the new job entails with no change in your premium rate.