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Life Insurance Policies

Dáil Éireann Debate, Tuesday - 31 March 2015

Tuesday, 31 March 2015

Questions (262)

Dessie Ellis

Question:

262. Deputy Dessie Ellis asked the Minister for Finance the increases in the cost of life assurance policies that have been made in the past year at State-backed banks; and if he will make a statement on the matter. [12908/15]

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Written answers

I have received the following information for the relevant institutions:

AIB

- AIB is a tied agent of Irish Life for Life Assurance products.

- AIB / Irish Life has not increased Life Assurance prices in the past year.

- In fact there was a small price reduction across the protection product range in February 2014 

PTSB

Permanent tsb are a tied agent of Irish Life and do not underwrite life assurance risk. Irish life have confirmed that here have been no price or ratings increases for permanent tsb customers over the last number of years. 

Bank of Ireland

In the case of Bank Of Ireland, life assurance is provided through its subsidiary New Ireland Assurance Company plc NIAC). Details in relation to all products provided by NIAC can be found on its website at http://www.newireland.ie/about_new_ireland_assurance.aspx

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