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.

News - Irish Life Corporate Business

Posted on November 28, 2016
  • Irish Life Corporate Business Awarded Communication Award
  • Irish Life Investment Managers Awarded Passive Manager of the Year
  • Setanta Asset Management Wins Equities Manager of the Year for the fifth year in a row
Posted on November 07, 2016
  • Irish Life paid €236m in pension payments in 2015, up from €179m in 2010
  • 44,205 pensions paid in 2015, with an annual average payment of €5,332
  • Youngest person in receipt of a pension is just 49 years, the oldest is 102 years
 
Posted on October 25, 2016

The Finance Bill proposes a change in the tax treatment of certain PRSAs for policyholders over the age of 75.

A change to the treatment of certain PRSAs has been included in the recently published Finance Bill.

Posted on October 13, 2016

The most successful companies in the world all have a reason for being that goes beyond reaching commercial targets. Contributing to the betterment of the communities and society which we  impact and depend upon is now an important consideration for all businesses.

Our Corporate Social Responsibiltiy Report  provides an overview of Irish Life’s CSR activities for the 18-month period from the beginning of 2015, to June 2016. We are proud of the progress that we have made to date and look forward to building on these strong foundations as our business continues to grow.

Read our Corporate Social Responsibiltity Report

Posted on October 12, 2016

Budget 2017 contained no changes relating to private pensions.
 

It has been announced that the State Pension and all other social welfare pensions are to increase by €5 per week from 1 March 2017.

Other items of interest

  • The DIRT rate is to be reduced from 41% to 39% in 2017 (and it is planned to reduce it to 33% by 2020). There was no reference to a reduction in the exit tax applied to life assurance policies. The publication of the Finance Bill should provide further clarity on this matter.
  • The tax free thresholds for Capital Acquisitions Tax have been increased. In particular the Class A Threshold (applying to children inheriting from parents) has been increased from €280,000 to €310,000. Class B and C have been increased marginally.
  • There has been a reduction of 0.5% in the three lower USC rates.

We will of course review the Finance Bill when it is published to see if it contains any unannounced changes in the pension area.

Posted on August 02, 2016

Irish Life Health established following health insurance acquisitions
Set to be a new force in the Irish market

Tuesday 2 August, 2016: Irish Life Health has been established as a new force in the Irish health insurance market. This follows the completion of Irish Life Group’s transactions to acquire Aviva Health and assume control of GloHealth, where Irish Life previously had a 49% shareholding.

This move is a positive development for competition in the Irish market, and gives customers a compelling alternative to the existing health insurance offerings.

By offering innovative, good value health insurance plans and exceptional customer service to Ireland’s two million health insurance customers, Irish Life Health aims to grow the existing 420,000 customers and 21% market share of the existing combined Aviva Health and GloHealth businesses.

Current customers will continue to enjoy all of the benefits of their health insurance cover and do not need to take any action. Over the next month or so, Aviva Health will begin rebranding to Irish Life Health. From later this year GloHealth customers will be invited to join Irish Life Health as their policies come up for renewal. All customers will be communicated with well in advance of any change.

Commenting on the establishment of Irish Life Health, David Harney, Chief Executive, Irish Life Group said: “Through the acquisition of these two very strong existing businesses, backed by the market knowledge and financial strength of Irish Life, we will create a significant new force in the Irish health insurance market. It is our intention that Irish Life Health will become the benchmark for health insurance in Ireland.”

Posted on June 13, 2016

Irish Life has partnered with MorganAsh to provide tele-interviews to help our Enhanced Annuity customers at retirement.The calls are conducted by trained nurses. The tele-interview service is a support to the online system. The online application process is still the quickest way to get upfront quotations and should continue be used for more straightforward cases.

Posted on June 09, 2016
Currently retirement readiness depends heavily on the State Pension. It is projected that the State Pension will become unsustainable in its current form due to demographics. *
Irish Life EMPOWER aims to achieve better outcomes at retirement for members so that they will have an adequate pension whether the State Pension is available or not. This article will discuss how Irish Life EMPOWER can benefit employees when it comes to saving for their retirement.
Posted on June 09, 2016
Trustee duties fall under two main headings. They are:
 
1. Duties under Trust Law.
 
And
 
2. Duties under the Pensions Acts. 
Posted on June 08, 2016

Irish Life, the leading provider of income protection benefits in Ireland*, paid out over €53 million to people who were unable to work due to illnesses or injuries during 2015. An analysis of Irish Life’s claims data provides a valuable insight into the health of the working population, and includes a breakdown of the illnesses and conditions that led to over 3,000 Income Protection claims being paid in 2015. 

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