We committed to looking at further ways in which we can support our shared customers through these challenging times. We are pleased to announce that customers with a Term Assurance policy paid by direct debit can request a 3 month premium deferral. This will ensure that cover remains in place during the 3 month period for customers who are granted a deferral.

 

You can view our full range of supports here, which includes:

 

• A 3 month Mortgage Protection premium waiver to customers who have been granted a payment break on their mortgage. The 3 months premiums will not be required to be repaid at a later date.
• Term Assurance Customers will have the option to request a deferral of their protection premiums for 3 months. This will ensure that cover remains in place during the 3 month period for customers who are granted a deferral. All premiums due will be collected in month 4.
• Implementing a moratorium on clawbacks on all lines of individual unit linked business (Including individual PRSAs) where a ‘premium holiday’ is requested. We will postpone any regular premium commission clawback for a period of 3 months.
• For existing customers, we have reduced the minimum premium on our regular premium pension and savings products to €50 per month.
• A full suite of editable applications to support you in delivering end to end digital advice.

We fully appreciate these continue to be challenging and evolving times for you and your clients. You can be assured we will be supporting you and your clients to the very best of our ability.