Bill Cover

Bill Cover is a new benefit within OnePlan Protection and it is designed to cover your rent or mortgage costs plus your utility bills if you are unable to work because of illness or injury.

It is similar to Income Protection in that we will pay out a monthly amount if we accept your claim, and the monthly payments start at the end of the deferred period (the length of time between the start of your inability to carry out the main duties of your job and when we start to pay the claim). The deferred period can be either 8, 13, 26 or 52 weeks

You can choose a claim payment term of either 2 years, 5 years or until your bill cover benefit is due to end.

You must be employed to take out Bill Cover on your OnePlan Protection. However, the range of occupations that are acceptable for Bill Cover is significantly greater than for Income Protection.

The maximum cover available is €2,000 per month for single cover or €4,000 per month for cover including your partner.

In addition, due to the benefit structure of Bill Cover, we will be able to offer cover to a wider range of medical risks than under Income Protection. In some cases terms will only be available for Bill Cover with an extra premium charge or a medical exclusion(s).

If following a financial review, you have any questions about the likely acceptance terms for Bill Cover or any of the benefits under OnePlan, please contact your key underwriting contact or the Underwriting Team at 704 1888 or by email underwriting.help@irishlife.ie