Multi-Claim Protection Cover

Multi-Claim Protection Cover has two main differentiators to some of the other protection products available on the market. Namely, it can pay out multiple times for different illnesses over the lifetime of the policy and it can also trigger multiple claim components for one illness.

The claims triggers are designed to be proportionate to the severity of the illness and its impact on the customer’s life. It looks to link pay-outs to actual life-changing or traumatic health events and their impacts, rather than the solitary illness and one-time pay-out.

MCPC is more inclusive than some other types of protection cover. For example, people who have survived a heart attack, cancer or a stroke can be eligible for this policy. Similarly, some people with type 2 diabetes or MS can, with relevant exclusions, get cover.

Some other benefits are;

·              Provides cover for the impact of a serious illness such as having a heart attack or receiving cancer treatment eg. medical devices required for the long-term, taking time off work, or making adaptations to your home if needed due to the impact of the illness.

·              It also covers other life impacts, for instance, a long hospital stay such as after a serious road traffic accident or serious surgeries like a hip replacement.

·              Life cover is inbuilt into the policy, you can add extra life cover if needed.

·              This policy can pay out 5% to 100% of your cover (your original sum assured when you take out your policy) depending on the illness or condition. This means for less serious illnesses or treatments, it will pay out potentially less than 100% of your cover, keeping the rest of your cover in place for any future, more severe illnesses. For illnesses or treatments that have a more serious impact, it pays out a higher amount.

·              After a claim, your monthly payments (premium) will not change.

·              Children's cover and premature birth cover included.

·              Helping Hand service - Available at no extra cost, this support service can help your family (your spouse/partner and children) through a difficult time if you're diagnosed with a serious illness or pass away.

Example: Mary is 42 and has €100,000 cover. When diagnosed with invasive breast cancer Mary is referred for chemotherapy, radiotherapy and a mastectomy (20% paid out for chemotherapy, 20% for radiotherapy, 20% for major surgery -mastectomy to remove an invasive tumour) MCPC paid out 60% of Mary’s cover (€60,000) which would leave Mary with €40,000 cover for any future illnesses or health setbacks covered under her policy.