Convertible Life and Standalone Serious Illness (with Indexation)

Helping Hand Benefit
About the Policy
  • The Royal London Mutual Insurance Society Limited
  • A lump sum will be paid out if you die or suffer a specified illness within the term of the policy
  • Your premium will change throughout the term of your policy
  • This policy is suitable for family protection, business protection and interest-only mortgages
  • You cannot convert the Serious Illness part of the policy ONLY the Life part.


Terminal Illness Benefit

If you are diagnosed with a terminal illness and have less than 12 months to live, Royal London will pay the full amount of Life Cover as of the date of diagnosis.

A terminal illness is an illness where, in the opinion of the attending Consultant and Royal London's Chief Medical Officer, you will not survive the next 12 months. 

Childrens Life Cover

If a child of yours dies during the term of your policy, a sum of €5,000 will be paid out.

All of your children between the ages of 3 months and 18 (21 if he/she is in full-time education) are covered during the term of the policy.

Childrens Specified Serious Illness - Where Specified Serious Illness Cover is included as part of your policy, this benefit provides cover for your children for the same specifed serious illnesses (other than Loss of Independent Existence). The Children's cover 50% of sum assured up to a max of €25,000 for children from the age of 1 up to age 18 or 21 if in full time education. In addition, your children are also covered for one partial payment of 50% of your Specifed Serious Illness Cover up to a maximum of €7,500.


This option allows you to convert your cover to another policy without having to provide new evidence of health. You can use this option at any point over the course of your policy, up until the age of 70.

(If you are on a Joint or Dual policy, you can use this option up until the oldest person on the policy turns 70).


Indexation ensures that your cover increases by 3% and your premium increases by 4% each year. This helps to protect the real value of your cover as time passes.

Serious Illness

If you are diagnosed with one of 51 specified serious illnesses during the term of your policy, a lump sum will be paid out. You will also be covered under Partial Payment Specified Serious Illness Cover for an additional 22 specified illnesses.

Serious illness claims can be paid on an accelerated basis (meaning that your total amount of life cover will be reduced by the value of your serious illness claim) or a stand alone basis (where your life cover us unaffected by your claim).

In accelerated serious illness, if the level of cover and illness amounts are the same and an accelerated illness claim is made then the policy ends after pay-out

A full list of illnesses covered is listed here

Helping Hand Benefit

Helping Hand Benefit gives you one-to-one personal support from your own Nurse Adviser from Red Arc, in order to help you and your family manage the effects that illness or bereavement can have. (In this context, ‘family’ means the spouse or partner of the Royal London Life assured and his/her children).

With over 15 years experience, Red Arc has a reputation for excellent service and can help with the provision of bereavement counsellors, speech and language therapists, face-to-face second medical opinion and more.

Special Events Increase Benefit

With this, you can increase the level of your cover without providing any medical evidence, following any of these events:

  • Your mortgage increases, either due to the purchase of a new main residence or the improvement of your main residence
  • You get married
  • You have or adopt a child
  • The maximum increase you can make following any one of these events is the lower of €100,000 and 50% of the original level of cover for that benefit
  • This option ends at aged 55 years old or in joint policies when the older person reaches 55 years old.

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. Royal London Non Smoker rates assume that you have not smoked or used any tobacco related products or nicotine replacement in the last 12 months. All premiums quoted include the 1% government levy. The minimum premium with Royal London is €15.15 per month or €181.80 per annum.

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