Guide to Irish Life Protection Claims 2006 - 2010
Irish Life has paid out more than €1 billion in death, specified illness and income protection claims to more than 30,000 families over the past five years.
In 2010 alone the company paid out more than €215 million to almost 6,000 families, according to an analysis of its claims book by Ireland’s largest life assurance company.
Statistics about the last 5 years
"There has been a substantial increase in the number of claims and their value across all protection products over the past five years which shows that Irish people are increasingly paying more attention to the need to ensure financial security for their families"
Martin Duffy, Head of Claims, Irish Life
30,000 families over the past five years
Irish Life has paid out more than €1 billion in death, specified illness and income protection claims to more than 30,000 families over the past five years.
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Cancer and Heart Related
Death claims as a result of cancer and heart related conditions represent 65% of claims every year with accidental deaths running making up about 1 in 10.
Paying Death Claims
In 2010 irish Life paid 97.6% of all Death Claims. This is 1,256 claims. 31 plans were declined due to non-disclosure. All of the processing and the decisions for Irish Life claims are made by our Claims Team in Dublin.
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Specified Illness Claims in 2010
1 in 3 specified illness claims were to people 40 or under.
Breast cancer was the biggest single cause of specified illness claims.
Men are 10 times more likely to claim for heart problems under specified illness cover, than women.
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