Income Protection (PHI)


At Safe Life & Pensions Ltd we offer a range of Income Protection Policies from the following life Companies: Aviva Life & Pensions, Irish Life, New Ireland Assurance PLC.

Income Protection or Permanent Health Insurance(PHI) is a protection policy offered by life assurance companies that pays out a regular income should you suffer a loss of earned income by being unable to work due to sickness or disability lasting longer than the deferred period under the policy.(deferral periods relating to the Life Companies as follows, Aviva have 4 week deferral   and Aviva & New Ireland have 8 weeks deferral periods, Aviva, New Ireland, Irish Life have 13 week,26 week, 52 week deferral periods).


Please note there must be a loss of income in order for PHI to become payable.


In the event of a claim this plan will pay you an income until you return to work or reach the cessation age of your plan (ages 55, 60, 65).


The following is a summary of the main features of PHI.

  • Occupations are classed 1 to 4 with 1 being lower risk occupations such as professionals
  • There is Tax Relief on PHI premiums at marginal rate of income tax and PRSI up to an annual limit of 10% of income.
  • Protection available up to 75% of your income(less state benefit if applicable)
  • Payment of benefit is subject to PAYE by the Life Company

ALL Percentages are correct as of 19/09/2013



Source Irish Life Assurance PLC.


Safe Life and Pensions Ltd

Registered in Ireland, Registration Number 508071

Address 9 Firgrove Park, Bishopstown Cork City

Safe Life and Pensions Ltd is regulated by the Central Bank of Ireland