News - Irish Life Corporate Business
Less than half of women in Ireland have adequate financial protection, according to extensive research from one of the country's leading insurers.
Demographic pressures will put pressure on pension provision, conference told
Government to launch review of auto-enrolment and State penion
A survey by Chartered Accountants Ireland members found 96pc in favour of pension auto-enrolment.
Cancer is the leading cause of death and illness in Ireland as Irish Life pays out €187.8 million in claims during 2017
- €129.7 million paid out in Life Insurance to 1689 families for people who died
- 2,582 claims paid across Life Insurance, Specified Illness and Terminal Illness Cover
- €53.7 million paid to 853 people for Specified Illness Cover claims – over a third of these were aged under 50
- Claims report reveals that over half of women died from cancer, compared to 38% of men
- Breast cancer was found to be the main cancer for Specified Illness Cover claims
- Heart-related conditions still the most common cause of death or illness for more men than women according to claims data
- Women claiming at an earlier age than men – average age of 64 years for female Life Insurance claims and just 51 years for Specified Illness cover, 4 years earlier than men
- Accidental deaths accounted for 25% of Life Insurance claims for people under 40
Ireland’s population is ageing fast and at twice the EU average, with only one in four adults planning towards a specific level of retirement income. Irish Life supports the argument for introducing auto-enrolment for pensions, this and other topics were discussed at Tuesday's media briefing.
Five storey investment anchored by Molton Brown will likely sell for more than €9m guide.
UK risks lost pension generation as critics attack reforms. Sharp fall in self-employed savers despite record level of contributions.
Lowering the age limit from 22 to 18 will bring 900,000 more young people into workplace schemes
Workers who stay in employment beyond 66 would defer the full pension but claim higher payments when they finally do retire under a scheme outlined by the OECD.
Irish Life Corporate Business is a proud sponsor of the People Summit taking place in Dublin’s Aviva Stadium today.
