Life is unpredictable, but your income doesn’t have to be. Income Protection ensures that if illness or injury prevents you from working, you’ll continue to receive a regular income—helping you maintain your lifestyle and meet financial commitments.
At Irish Pensions & Finance, we help you secure the right cover, tailored to your needs, so you can focus on recovery without financial stress.
Receive up to 75% of your income if you cannot work due to illness or injury.
Focus on recovery without worrying about lost earnings or financial strain.
Benefit from tax relief on your premiums, making cover more affordable*.
Choose a policy that suits your needs, with options to adjust benefits and waiting periods.
We work with multiple insurers, meaning our advisors can compare policies from different providers to find the best cover and price for you.
As experts in public sector benefits, we can assess your circumstances and recommend the most suitable policy to suit your needs, occupation, and budget.
Your IPF advisor can guide you through your application and help navigate medical underwriting, increasing the chances of getting approved.
As an IPF client, you can avail of annual consultations to ensure your policy remains suitable as your circumstances change.
30+Years working with Public Sector staff
28kcurrent policyholders
90+staff members
€1bOne billion in funds under management
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Income Protection is an insurance policy that provides a replacement income if you are unable to work due to illness or injury. It ensures financial stability by covering a portion of your salary until you can return to work or reach retirement age.
Most employees and self-employed individuals can apply for income protection. Eligibility criteria may depend on factors such as occupation, income level, and health status.
Typically, you can insure up to 75% of your gross income, minus any social welfare benefits you may receive. The exact amount will depend on your provider and policy terms.
Payments will continue until you are fit to return to work, reach retirement age, or the policy term ends—whichever comes first. You can choose a deferred period (e.g., 4, 8, 13, or 26 weeks) before payments start.
Yes, premiums for income protection policies qualify for tax relief at your marginal rate (20% or 40%), making it a tax-efficient way to safeguard your income.
Most policies cover a wide range of medical conditions that could prevent you from carrying out your current role, from long-term illnesses to serious injuries. However, pre-existing conditions may have exclusions.
Unlike health insurance, which covers medical costs, or life insurance, which pays out upon death, Income Protection provides a regular income while you are unable to work due to illness or injury.
Your income protection policy is typically portable, meaning you can keep it even if you change jobs, as long as you continue to pay premiums.
You will need to provide medical evidence and details of your inability to work. The insurer will assess the claim, and benefits will start after the chosen deferred period.
Premiums vary based on factors such as age, occupation, health status, and the level of cover chosen. However, tax relief can make it more affordable.
Personal Income Protection is individually owned; you take out the policy yourself, and it is tailored to your specific needs. You can choose the level of cover, deferred period, and policy terms. Group Income Protection provides members with specific policy terms set by the employer or provider, with limited customisation for individuals. If you leave your job, your cover usually ends unless you have an option to convert it to a personal policy.
