Protect your Mortgage Repayments in these uncertain times:

Key Benefits

• This Mortgage Payment Protection Insurance is distributed in Ireland by Prima Finance Ltd and is underwritten by Assurant General Insurance Ltd – one of the worlds leading companies with regard to Payment Protection Insurance.

• This insurance is designed to meet your needs and demands if you are a borrower who is looking to protect your monthly mortgage repayment on your home against the risks of involuntary unemployment or incapacity (accident or sickness).

• What does it cover?

-         Accident & Sickness : pays the loan repayment + an additional 25% for up to 12 months if unable to work due to accident or sickness.

-         Involuntary Unemployment : pays the loan repayment + an additional 25%  for up to 12 months if unable to work due to Redundancy.

• Provides the broker an upfront commission payment and an annual payment of the same amount each year thereafter.
• Can select separate components of the product:
  • Accident & Sickness
  • Unemployment only
  • Accident, Sickness & Unemployment

• Cover is available for Contract Workers

• Temporary Work cover – can recommence claim if/when temporary work ceases.

• Involuntary Unemployment cover available for Self Employed.

• Return to Work Cover – if return to work on a reduced salary, this cover will make up the difference to 75% of the salary at the time of claim.

• Multiple Claims :
  • Accident & Sickness – Must return to work for one month to make a new claim for an unrelated condition, or at least 6 months to claim another 12 months for a related condition.
  • Involuntary Unemployment – once return to work for at least 6 months can make a new claim, if less than 6 months is treated as the same claim.

• Costs :                                                                          Rate per €100
  • Accident, Sickness & Unemployment                            5.51
  • Accident & Sickness                                                     4.11
  • Involuntary Unemployment                                            4.96

• Online sales process – broker can instantly put their clients on cover from their office, no need to post application forms or even direct debit mandates* (assuming the premium is paid from a single bank account).

• Broker provided with a monthly commission statement and claims statement on their clients and the status of each claim.

• Dedicated phone line and support team for broker and broker customers.

• All claims and direct debit management all handled locally in Cork.

• 94% of all claims paid out to date.

• Support service to broker and clients second to none in the Irish market currently, based on broker feedback.