News - Irish Life Corporate Business
Part of the benefit of a project like Ireland Gateway to Europe (IGTE) is how it helps US companies hit the ground running when setting up here. Things like tax, employment, location, and laws must be dealt with first before they can launch here and since there are a number of differences between the US and Ireland, having major players help demystify this process is a blessing.
Through Irish Life’s efforts in preparing our members for retirement we have extended our partnership with TILDA whose overarching aim is to "make Ireland the best place in the world to grow old".
Irish Life has proudly partnered with Healthy Ireland to help promote the GAA Healthy Clubs Project.
A new year always brings new opportunities.
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
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.
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.
