New Ireland Life Insurance
When considering life insurance options in the Irish market, New Ireland Life Insurance stands out for its exceptional offerings. Our commitment to providing comprehensive coverage ensures that homes, families, and businesses are well-protected in the face of life’s uncertainties.
As a leading life insurance provider, New Ireland Life Insurance prides itself on offering a diverse range of competitive and thoughtfully crafted insurance products. Our personal protection plans, designed with your security in mind, provide peace of mind for you and your loved ones. Choose New Ireland Life Insurance, your trusted life insurance provider, for reliable and customised solutions that safeguard your future.
Contact Us Today
Call 01 853 2727 for your free initial consultation
Life Insurance in Ireland: New Ireland
New Ireland has provided insurance to the Irish public since 1918 and was the first wholly Irish-owned company to conduct business in Ireland. New Ireland also paid 96.9% of all Life, and Serious Illness Claims in 2020.
New Ireland is one of the life insurance companies in Ireland that provides Insurance to its customers through its Life Choice range of products, which allows you to set up your policy to pay your family a lump sum, monthly income, or both making it one of the best life insurance in Ireland.
What Makes New Ireland’s Life Insurance Different?
New Ireland focuses on product design and development for their customers.
Life Choice:
Insurance that allows you to choose a payout of a lump sum or monthly income and an option to insure a long-term whole-of-life sum with term life insurance in Ireland.
Children’s Cover:
An amount of €4,000 is payable on the death of a child during your life insurance policy in Ireland, including legally adopted children, up to the age of 21 in full-time education.
Life Events Benefit:
You can increase the lump sum amount by the lower of €100,000 and 50% without having to provide evidence of health:
- Within three months of increasing your mortgage because you’ve moved house
- If you get married
- If you have a child
You can use this option until you’re 55, and the maximum increase is the lower of 100% of the lump sum amount or €200,000, over the policy term. Contact life insurance companies in Ireland to know more about this policy.
Terminal Illness Benefit:
New Ireland will pay your entire life cover sum if you’re diagnosed with a terminal illness so that you can use the lump sum when you really need it.
Benefits Continuation:
You can convert your cover to another policy, and you won’t have to provide new evidence of health. For example, you could reapply for a life insurance policy in Ireland at 50 using your health details from when you were 30!
Reinstatement:
New Ireland will cancel your policy and benefits if your premium isn’t paid within 30 days of the due date. However, you have a year from the date of the missed premium to contact New Ireland to restart your policy. You’ll need to pay overdue premiums and submit a new Health Questionnaire, so the terms might not be the same.
Why Get Financial Advice?
When you have a big decision to make, or your life is changing there’s a lot to think about.
Impartial professional financial advice helps you make a better decision that gives you better options and saves you money for the rest of your life particularly when it involves Irish life insurance.
How we can help you
- Get life insurance for a mortgage in Ireland
- Get your personal financial plan in place.
- Increase your monthly & annual savings.
- Plan for a secure retirement.
- Buying a home or investment property.
- Protecting your family.
- Life insurance in Ireland
Irish Life Insurance
| Feature | Answer |
|---|---|
| Minimum Premium: | €15.15 per month |
| Minimum / Maximum Term | 2 years / 50 years / 40 years with Specified Illness Cover |
| Are children covered? | Yes, for €7,000 |
| Can I put my partner on the policy? | Yes |
| Applicants must be: | 18-82 for beginning a Life Cover policy (policies with indexation cannot be taken out after age 65 next birthday) |
| Cover expires at: |
|
New Ireland Life Insurance FAQs
Specific Illnesses Covered?
- Yes
- 55 full payment illnesses/conditions
- 36 partial payment illnesses/conditions
Children's Specific Illness Cover?
- Yes
-
The lower of €25,000, or half your cover, on full payment illnesses
Is there a Conversion option?
- Yes, (for Lump Sum Life Cover Only policies)
-
Max age for Conversion is: 64
Rolling Conversion Option?
Optional Flexibility?
- Yes
Reinstatement?
Yes
Terminal Illness Benefit?
- Yes
Waiver of Premium Option?
- No
For Smokers:
Other Benefits?
- No
Book a Free 1:1 Initial Consultation
Let’s get on a call to discuss your personal and business finances with our experienced financial planners!
Debbie Cheevers
Qualified Financial Advisor
Debbie was born in Dublin and graduated from NCAD with a degree in Visual Communication. She brings a strong customer service background to Greenway.
Debbie qualified as APA in 2017 and a fully qualified financial advisor (QFA) in 2018. She believes that product knowledge is key to helping customers make the right choices.
In 2022 Debbie gained a tax qualification as a Technician Member of the Irish Taxation Institute.
How We Can Help You
Greenway Financial Advisors Limited is regulated by the Central Bank of Ireland. Registered No. C168372