Apart from the lump sum paid to survivors on the death of a life policy holder, in recent years many changes have occurred to life insurance policies.

Pregnancy Cover – If you are diagnosed by a Consultant Obstetrician as having one the following five conditions you will get a payment of €5,000. This payment is totally independent of your main life cover benefit which means that you can make a claim for one of these conditions, without affecting your life cover amount.

1. Disseminated Intravascular Coagulation (DIC); 2. Ectopic Pregnancy; 3. Hydatidiform Mole; 4. Placental Abruption; 5. Eclampsia (Under this condition, Pre-eclampsia is not covered)

Early payment if you are diagnosed with a terminal illness, a condition that, in the opinion of the appropriate hospital consultant, the illness has either no known cure or has progressed to a point where it cannot be cured and the illness is expected to lead to your death within 12 months. If you are diagnosed as having a terminal illness, the full life cover benefit is paid out straight away.

Free Counselling service – If you or your family are making a claim, you can get up to three free counselling sessions with the Clanwilliam Institute. The Institute provides counselling and psychotherapy services for individuals, couples and families who are going through difficulties such as serious illness and bereavement.

Accident cash cover – If you are out of work for more than two weeks because of an accident, you will be paid between €120 and €400 per week tax-free. Payment begins at the start of the third week after the accident for up to one year, or until you go back to work, whichever is earlier.

Best Doctors offers second opinions on medical conditions for you or your family and Nurse Assist 24/7 offers answers to concerns about a woman’s health or that of her family.

Average life premiums have fallen by almost 40% over the past 10 years for non-smokers.

Life insurance is not a matter of life and death – it’s much more important that.