These are the main features of the Life Insurance for New Parents Plan
| Type of Plan |
Level Term Policy |
| Sum Assured |
€10,000 |
| Age at Entry |
Minimum 18 years, maximum 65 years provided that the child is born and less than 6 months old. |
| Expiry |
The plan will end on the earliest of the child’s first birthday or once the death benefit has been paid, whichever event occurs first. |
| Basis of Life Cover |
Single Life or Joint Life First Death |
| Protecting your Dependents |
This plan is designed to give your family a helpful start in replacing your income in the event of your death
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| Beneficiary |
You can appoint one or more beneficiaries to receive the benefit under the Plan, when this is due. There is no charge for this arrangement to be implemented and it requires only the completion of a simple form. The appointment of a beneficiary (and acceptance thereof) under a life insurance contract does not need to be confirmed in a will and it also supersedes the provisions of a will if there is any conflict between the two.
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