Income Protection

Income Insurance, also known as income protection provides you with a replacement income if you cannot work as a result of an illness or injury after a certain period of time. You can take out income insurance if you are in full-time work or are self-employed and earn an income. It protects you only in these circumstances – it will not be paid if you become unemployed.


It pays you a regular monthly income, replacing some of your earned income. Cover continues until age 65 or you return to work. Payments on your plan are eligible for income tax relief at your marginal rate of tax. However, if you do claim on this plan, your incapacity benefit will be treated as normal income and so is assessed for income tax, PRSI and the Universal Social Charge.

Life Care

LifeCare is a range of additional benefits that you get access to when you take out Income Insurance with Irish Life. Learn more.

Cover is limited to:

  • The maximum benefit payable is now €250,000, previously this was €150,000. Benefits paid are less any State benefits or other income protection plans.
  • The maximum benefits payable is 75% of total yearly earnings, less any State benefits or other income protection plans.
Cost depends on your age, income, health, occupation and the benefits you choose.