We have reviewed the exact rules under our Period of Grace policy. Unlike many insurers in the market, Irish Life provides a limited form of cover to lives before underwriting has been complete. This can be valuable in the case of a sudden or accidental death during the underwriting process.



For all underwriting requirements issued from January 2013 the following Period of Grace rules will apply:


Life cover

We will offer a Period of Grace that covers deaths that occur (other than from a pre-existing condition) during a 3 month period following the issuance of underwriting requirements. This cover is subject to a maximum of €3m total life capitalised cover.



Income Protection

We will offer a Period of Grace that covers claims that occur (other than from a pre-existing condition) during a 3 month period following the issuance of underwriting requirements with no maximum (other than our policy maximum benefits).

This Period of Grace compares very well to that offered in the market generally and benchmarks well against "best in class" standards elsewhere in the world.