< Income Protection

Income protection features

You can choose a policy that suits you

Income protection… the basics

You can apply for income protection if you’re employed, self-employed or a company director.

Check out these numbers…

Minimum age at entry

18

Minimum term
5 years

Minimum sum assured
€12,000 a year

Assurance
Single life assured only

Maximum age at entry

59

Maximum cover expiry age
70th birthday

Maximum term
To age 70

Maximum sum assured
€262,500 a year (before indexation, if applicable)


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% 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.


Policy details

Important information about your income protection.


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Contact Us

For a new quote

1890 24 22 27

Existing customers

1890 64 64 64

Monday to Friday: 9:00am - 5:00pm

1. Acceptance criteria, terms and conditions apply. Price match applies to mortgage protection quotes only. Price match only applies to standard quotes provided by Irish Life, New Ireland, Royal London and Zurich with the same level and term of cover up to a max sum assured of €1,500,000. Does not apply to promotional offers. Terms & conditions: The above is intended as a brief summary of the product. For full details, please talk to our Direct Team on 1890 242 227. Terms, conditions and qualification criteria apply.

2. Acceptance criteria, terms and conditions apply to our mortgage protection cover. All discounts applied are subject to a minimum premium of €10 per month.

Aviva Direct Ireland Limited is regulated by the Central Bank of Ireland. A private company limited by shares. Registered in Ireland No 374895. Registered Office One Park Place, Hatch Street, Dublin 2.

Life and Protection Cover is underwritten by Aviva Life & Pensions Ireland DAC.

Aviva Life & Pensions Ireland Designated Activity Company, a private company limited by shares. Registered in Ireland No. 165970. Registered office at One Park Place, Hatch Street, Dublin 2, D02 E651. Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland. Tel (01) 898 7950.