It’s important to have income protection insurance in Ireland, but it’s also important to make sure you’re getting the best deal. You can save money on your policy by comparing quotes from different providers and comparing the terms of your current policy.
Review the terms of your current policy.
Review the terms of your current policy.
- Check the policy documents. You should receive an annual statement from your provider, but it’s always a good idea to go back and check what was included in last year’s letter. If anything has changed, such as coverage limits or deductibles, make sure you’re up-to-date. If there are now more benefits than have been previously offered, then this may be something worth looking into further as well!
- Check the premium. If there are less expensive options out there and they provide similar levels of cover then it might be worth switching over to one of these providers instead.”
Get a home insurance quote from the same provider.
If you have income protection ireland and home insurance with the same provider, it’s likely that they will offer a good deal on both policies. In this case, it makes sense to bundle them together so they can be handled under one contract. If you have more than one policy with the same provider, there are further savings available in the form of loyalty discounts — simply by having more than one policy (for example, car and home), rather than just buying each individually. You could also get an even bigger savings if you’re willing to take out additional cover for contents or buildings in addition to your income protection or life insurance policies.
Ask about any promotions or discounts.
Be sure to ask your provider about any promotions or discounts you may be entitled to, as well as any other products they offer. You may also want to check out other providers, as they’re likely offering similar deals. And lastly, make sure you ask about any other ways in which you can save money on insurance.
There are ways to save money on your income protection plan
There are a number of ways to save money on your income protection plan.
- Get a home insurance quote from the same provider as your income protection plan. Your provider may be able to offer you a discount if you have other products with them, or they may offer special deals that can reduce the price of your income protection policy.
- Contact your insurance company to see if there are any promotions or discounts available that aren’t advertised. This could include any “money back offers” in which you pay for one year and get two years’ worth of cover for free; or it could mean taking advantage of an early cancellation penalty waiver if you move jobs within three months of signing up for a new plan.
- Review the terms and conditions associated with your current policy, including what is covered by it, how much money their benefit pays out each month (or annually), how long they will pay out benefits after they stop working due to illness etc., what happens if they become disabled before age 65…
Conclusion
Hopefully, you now feel better prepared to shop around for income protection ireland. Remember, this is an important decision and the right cover could save the day if your circumstances change for the worse. We hope that these tips have given you some new ideas about how to find a good deal on your income protection insurance policy in Ireland!
