The true value of any protection plan is how well it provides for customers when they need it most – at claim stage. New Ireland Assurance have been looking after Irish families for over 90 years so you can be confident that your cover will be there when you need it.
In 2010 alone, we paid out over €88 million to customers throughout the country, on everything from Life Cover, Specified Illness Cover, Income Protection Cover and optional extras such as Hospital Cash.
Some key trends underlying our 2010 claims experience include:
Recession impact:
- Income Protection claims for stress and depression have doubled since 2009 demonstrating the likely toll which the recession is having on customers.
Early claims:
- Almost half of Specified Illness claims occurred in the first 10 years of the policy.
Average Claim:
- The average Life Cover claim in 2010 was €58,505 which is quite a low amount of cover to provide for the surviving family.
Life Choice is Ireland’s leading Protection plan and has already attracted 15,000 applicants since its launch late last year.
Find out more about Life Choice.