Irish Medical Organisation

Group Life Scheme

What does the scheme do?

This is a life insurance scheme designed to protect your family financially if you die. You choose the level of cover you want (in units of €150,000 cover) depending on your age and circumstances.

Benefit details

Cover is available in units of €150,000 Life Cover.

New entrants can select a level of cover up to age 50 from one unit (€150,000) up to a maximum of 10 units (€1,500,000).

From age 51 to age 54 new entrants can select up to 2 units of cover.

The ceasing age of cover is your 70th birthday.

Benefit Indexation

Your benefit can be indexed, so your cover and premium will increase by 5% each year. This ensures that the amount of cover keeps pace with your growing needs.

Tax Relief

You may be eligible for tax relief on the premiums paid at your highest rate of tax.

Contact one of our dedicated financial advisers for more information

Increase in cover with no medical underwriting

You can now alter your cover within further underwriting following certain life events such as the birth of a child, marriage/civil partnership or becoming a GP/Registrar or Consultant.

Accidental Death Cover

You can choose to add on Accidental Death Cover. This doubles the benefit paid to your loved ones in the event of an accidental death. Therefore, on accidental death a total death benefit of €300,000 is payable for each unit of cover.

Working Abroad

If you decide to work abroad, your cover can continue as long as you keep paying your premiums.

You can get cover for working within the EU, Switzerland, USA, Canada, Australia, New Zealand, South Africa or Saudi Arabia.

Please note: All applications are subject to underwriting. Contact one of our dedicated financial advisers for more information

IMO Membership

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If you were previously a member of the IMO you can rejoin here.

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Enquiries

Have a question? Please get in touch with us and we will be happy to answer.

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