Business/Agri Loan Payment Protection
If you have a business loan or agricultural loan, get peace of mind with our optional Payment Protection Insurance.
Business and agricultural customers have two options for Payment Protection:
- Option 1 includes disability, critical illness/major injury and life cover
- Option 2 includes disability and life cover
- 1890 604 604
- Branch Locator
Safeguard your business or agricultural loan with Payment Protection Insurance
For a relatively small cost, you can take out Payment Protection Insurance to cover your loan repayments.
Key benefits
- Disability (accident and sickness) - both options: For every 30 consecutive days out of work a monthly loan repayment will be made
- Life - both options: In the event of death, your outstanding loan balance less any arrears will be repaid
- Critical Illness/Major Injury - option 1 only: Your outstanding loan balance less any arrears will be repaid
There are circumstances when you cannot make a claim. See Policy Booklet
Download Business Policy Booklet (PDF, 96KB)
Download Agri Policy Booklet (PDF, 92KB)
Payment Protection Insurance is available through Bank of Ireland Insurance Services Limited from New Ireland Assurance Company plc, trading as Bank of Ireland Life, and Financial Assurance Company Limited trading as Genworth Financial. Bank of Ireland is a tied Insurance agent of New Ireland Assurance Company plc.
Bank of Ireland Insurance Services Limited is a member of the Bank of Ireland Group. Bank of Ireland Insurance Services Limited is regulated by the Financial Regulator. New Ireland Assurance Company plc is regulated by the Financial Regulator. Financial Assurance Company Limited is regulated in the UK by the Financial Services Authority and in Ireland by the Financial Regulator.
To read these files you will need the Adobe Acrobat Reader, which is available free of charge from Adobe's Website. Download PDF reader.
When applying for a loan you will be quoted your repayments without and with Payment Protection Insurance.
Full details including exclusions are set out in the policy booklet.
Bank of Ireland Insurance Services can provide you with more detailed information. Phone our Customer Care helpline on 1890 604 604.