Serious Illness Cover
If you were to be suddenly affected by a serious illness like cancer or a stroke, this would have a significant bearing on your ability to maintain your lifestyle and provide for your dependants.
Serious illness may affect your ability to work at all or you may have to reduce your work hours significantly, leading to a substantial drop in income. This drop in income could in turn impact on your ability to continue meeting your day to day expenses and overheads, such as mortgage and other loan repayments.
If you are an employee and pay PRSI, the social welfare Illness Benefit or Invalidity Pension may replace part of this lost income. However, the benefits are low and if you are self-employed you are not covered for these benefits at all.
A serious illness cover policy could offer you financial stability if you were to experience a sharp drop in income due to a serious illness.
See our Serious Illness Cover Guide below for further information.
