Convertible Life and Standalone Serious Illness (with Indexation)

Life Choice Benefits
About the Policy
  • New Ireland Assurance Company plc
  • A lump sum will be paid out if you die within the term of the policy or suffer a specified illness within the term of the policy
  • This policy is suitable for family protection, business protection and interest-only mortgages needs to on all life insurance plans
  • Your premium will change throughout the term of your policy
  • You cannot convert the Serious Illness part of the policy ONLY the Life part.


Terminal Illness Benefit

If you are diagnosed with an advanced or rapidly-progressing incurable illness where, in the opinions of an attending Consultant and our Chief Medical Officer, your life expectancy is less than 12 months, your full life cover will be paid out.

Childrens Life Cover

An amount of €4,000 is payable on the death of a child during the term of your policy. This applies to all the natural and/or legally adopted children of a Life Insured who are aged between 6 months and 18 years at the date the benefit is payable and also to those who are aged between 18 and 21 years who are in full time education.


This option allows you to extend your length of cover or take out a new policy at any point during or after the current term without having to provide new evidence of health, up to the age of 65


The cover amount and premium increases by 3% each year. If chosen the Whole of Life lump sum amount will continue to increase, even after the policy term ends, up until death.

Serious Illness

Pays a lump sum amount on diagnosis of 1 of 47 illnesses and the lower of €15,000 or 50% of the specified illness benefit remaining on a diagnosis of 1 of 20 illnesses during the chosen term. Pays 50% of the Specified Illness lump sum to a maximum of €25,000 if one of the life insured’s children is diagnosed with a specified illness between 6 months and 18 years of age (or up to age 21 if they are in full-time education).

A full list of illnesses covered is listed here

Life Choice Benefits
  • Life Events - Increase the lump sum amount by the lower of 50% or €100,000, without having to provide evidence of health, within 3 months of: a mortgage increase due to moving house; getting married; having or adopting a child. The max increase over the term of the policy is the lower of 100% of the lump sum amount or €200,000 (expires age 55).

  • Monthly Income on Death - Pays a monthly income on death for the remainder of the chosen term. The monthly amount will be paid out for a minimum term of 3 years should death occur within the last 3 years of the benefit term. Income on Death benefit must be selected for a minimum term of 10 years for this to apply.

Quotation is valid for 7 days or until age next quarter (whichever is sooner). This quotation assumes that you are accepted by the insurance company at standard rates.

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