Loan Payment Protection
Enjoy peace of mind with our optional Payment Protection Insurance, knowing that your loan repayments will be covered regardless of life's uncertainties.
For example, if you receive your salary while sick, your Payment Protection policy will still cover your loan repayments, leaving you with additional funds to cover medical expenses.
- 1890 604 604
- Branch Locator
Features
For a relatively small cost, you can take out Payment Protection Insurance to cover repayments on your personal loan or motor loan if your income is gone.
Key benefits include cover for situations such as:
- Disability if you are out of work (accident and sickness)
- Life
- Critical illness / major injury
- Involuntary Unemployment
Payment Protection Insurance is available through Bank of Ireland Insurance Services Limited. Payment Protection Insurance cover is underwritten by New Ireland Assurance Company plc, trading as Bank of Ireland Life, for life cover and Financial Insurance Company Limited trading as Genworth Financial, for disability, involuntary unemployment and critical illness covers. 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, trading as Bank of Ireland Life, is regulated by the Financial Regulator. Financial Insurance Company Limited is regulated in the UK by the Financial Services Authority and in Ireland by the Financial Regulator.
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.