Irish Life Health
Welcome to Ireland’s newest health Insurer, Irish Life Health. Bringing fresh options and innovation to the health insurance market.
Irish Life
Irish Life the largest life and pensions group and fund manager in Ireland, employing 2,000 people and servicing one million customers.
Irish Life Investment Managers
Managing assets in excess 39bn, ILIM manages money on behalf of multinational corporations, charities and domestics.

Christmas closing arrangements 2020

Irish Life’s offices will close for the Christmas period at close of business on 23 December 2020 and will re-open on Monday, 4 January 2021.

Depending on the method you use for paying regular contributions this will mean the following:

Payments into Defined Contribution (DC) arrangements 

Customers paying by Electronic Funds Transfer (EFT)

Payments received on or between 22 December and 31 December will be invested using the unit prices declared for 31 December 2020. Full contribution data must accompany all payments to guarantee investment.  Contributions received without full data will be invested on the date full data is received.

Customers paying by Variable Direct Debit

 Direct debit instructions received on or between 22 December and the 31 December will be invested using the unit prices declared for 31 December 2020, and will not be collected from your account until we return in the New Year.

Full contribution data must accompany all instructions to guarantee investment. Instructions received without full data will be invested on the date full data is received.

Customers paying by Automatic Direct Debit

 Contributions are automatically collected monthly in advance. If there are any changes to the monthly amount to be deducted in respect of January 2021, clients must ensure they notify us by Tuesday 8 December 2020. On 16 December 2020 Irish Life will send an instruction to customers' bank accounts to pay these amounts. This will take a number of days to clear customers' bank accounts.  

DC Benefit Payments

All Defined Contribution Claims

Pension Lump Sum and Transfer (non-taxed) claim payments
In order to ensure that benefit claims are completed and processed for payment by EFT by the 23rd December 2020 we need to receive all the necessary documentation in Corporate Business by the 11th December 2020, at the latest. Where all necessary claim documentation is received after the 11th December 2020 the payment will be made in January 2021, when our offices re-open and claim processing recommences.

Recurring taxable and Once Off taxable payments

The Irish Life payroll department is now closed for recurring and once off taxable pension payments in 2020. No further taxable payments can be made until 2021. 

Fund Switches

 Fund Switch requests received on or between 22 December and 31 December 2020 will be processed when we re-open in January 2021 using a unit price date of 31 December 2020.

Fund Switch requests received on 1 January 2021 will be processed when we re-open using a unit price date of 4 January 2021.