Protect your earnings in the event of long term injury or illness.

Give yourself a little peace of mind with AIB Income Insurance. Income insurance is a type of insurance that pays you a regular income if you can no longer work due to an injury or illness.  It can be one less worry off your mind!


Protection products are provided by Irish Life Assurance plc.

Key Information

The aim of AIB Income insurance is to replace some of your earned income once any state benefits are taken into account, to help towards maintaining the level of lifestyle you are used to. If you are in full-time employment or you are self-employed and earn an income, you can take advantage of an income insurance plan.

How it works:

AIB Income Insurance provides a replacement income, also called incapacity benefit, if you cannot work as a result of an illness or injury. After a certain period, known as the deferred period, you receive the incapacity benefit to replace some of your income while you are off work.

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    Is AIB Income Insurance the right cover for you

    • You decide how much cover you need based on your current earnings, the deferred period you want (either 13, 26 or 52 weeks), how long you need the benefit to be paid for, and how long you want the cover for. The maximum amount of cover available is €250,000.
    • You make regular payments to keep the cover in force.
    • Cover is provided until your plan ends, no matter how many claims you make.
    • You must tell us when an illness or an injury stops you working.
    • You will be paid a monthly income from the end of your chosen deferred period for as long as you are eligible (see the product booklet for further information on deferred periods).
    • If you are in hospital for more than seven days in a row during the deferred period, you may be able to receive hospitalisation benefit (see the product booklet for details on hospital benefit).
    • Tax must be paid on any benefit received from the product.
    • Income Protection does not cover you if you become unemployed.
    • Available if you are 18 to 54 years of age and in full-time employment or are self-employed. Is also available if want to protect some of your income until you are age 65 if you cannot work because of an illness or injury.


    You must keep up payments to stay on cover.

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    Benefits of Income Insurance

    • Helps maintain your current life style in the event of long term injury or illness
    • Provides a regular income after your chosen deferred period
    • You may be entitled to tax relief on contributions
    • The cost of your chosen cover amount is guaranteed for the term of your plan.

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Talk to us

To find out more about AIB Income Insurance, request a call from one of our Financial Advisors who would be happy to discuss your options, or drop into any AIB branch and arrange your free consultation.

Help and Guidance

Help Centre

For all service related queries please visit our Help Centre.

Other Information

Allied Irish Banks p.l.c. is tied to Irish Life Assurance plc for life and pensions business.

Allied Irish Banks p.l.c. is regulated by the Central Bank of Ireland.

Irish Life Assurance plc is regulated by the Central Bank of Ireland.

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