Inside flap (‘2nd front’): 98mm x 210mm

NUIG Income Protection Plan

The information contained herein is not intended to be taken as advice with respect to any individual situation and cannot be relied upon as such.

Marsh Employee Benefits Ltd. is regulated by the Central Bank of Ireland. Irish Life Assurance plc. is regulated by the Central Bank of Ireland.

Marsh Ref. MEB-NUG-IPP-DL-2011-03-07

Notify UsMarsh is not automatically notified of your absence from work through illness. You must notify Marsh by calling 1800 781 784

if you intend to claim under the plan approximately 10 weeks in advance of the date in which your salary will be reduced to half pay.

Supply DocumentationOnce you contact us you will be sent two items: 1) Disability Claim Form – You should return this to us before you have

completed the other documentation. 2) Checklist Letter – Containing a list of the documents you will need to provide in order for your claim to be processed. These include: your original or certified copy of birth certificate; P60; Payslip; ID and Medical Certificates if available.

Marsh will also request the following documents from your employer on your behalf: Confirmation of your salary details at the date of disability; Confirmation of the date your salary ceased or confirmation of

date half pay commenced; Breakdown of your Sick leave record over the last 4 years from the

date of total disablement; Confirmation of your Social Welfare Disability Benefit / Pension

Rate of Pay or Early Retirement Pension Entitlement; Date of joining employment; Date of joining Income Protection.

Processing Your ClaimOnce we receive your completed Claim form, we will send it on to Irish Life to assess your Claim. We will send any

documentation as we receive it and we will liaise between you and Irish Life throughout the claim process.

Medical ExaminationMedical evidence will be assessed by Irish Life and in most cases they will request that you attend an independent medical

examination (at Irish Life’s expense) to confirm you are indeed disabled from carrying out your normal job because of your injury or illness. Your medical exam may be arranged with a doctor locally. However if this is not possible then you may need to travel for your medical examination (at Irish Life’s expense).

In some cases Irish Life’s Medical Officer may require additional medical evidence from doctors and/or specialists who you have attended. You

may be requested to attend a further medical examination (again at Irish Life’s expense). Please note: during the course of the claim you will be updated on any medical reports and other documentation that has been requested or received.

Decision on Your ClaimOnce all medical evidence and documentation has been received, Irish Life will make a decision on your claim. Should your claim be

successful you will be advised of the amount of benefit payable. Irish Life will then arrange to pay your benefit directly to your bank ac-count. If you do not have a bank account this will be paid by cheque.

Please note: If your claim is unsuccessful and you are unhappy with the outcome, you can appeal the decision. We will of course be happy to help you with any appeal you wish to make.

Step-By-Step Guide to Claiming from the Income Protection Plan

Once a claim is being paid, payment of the benefit is made by Irish Life monthly in arrears. Your benefit will continue to be paid for as long as you remain unfit to carry out your normal job because of illness or injury. Benefit paid by the plan will be treated as normal income and as such is liable to income tax. The insurer will deduct any tax due from the payment made to the member in the same way as an employer deducts PAYE and PRSI from an employee.

Payments will cease when: You Recover (i.e. when Irish Life decides, based on medical evidence,

that you are no longer prevented from doing your normal job because of illness or injury) OR

You return to work OR You die OR Your 65th birthday – whichever is earliest.

In certain cases, benefit may be paid where you return to work at a reduced level of earnings due to partial disability.

Please note that Irish Life can review a claim at any time following its approval.

These steps are designed to illustrate and help you through the claims process – if you have any questions please do not hesitate to contact Marsh on freephone 1800 781 784.

Step1

Step2

Step3

Step4

Step5

Protecting Your Income

Although many employees feel that they will

never need an Income Protection Plan, sadly our

experience has been that even the healthiest of

people can suffer unexpected illness or indeed

a serious accident. This is why membership of the

plan is so vital.

What Happens To Your Salary If You Fall Ill Your sick pay arrangements provide for the payment of full salary for up to 183 days in any 12 month period and 50% of salary thereafter subject to a maximum period of payment of full and half pay of 365 days in any consecutive 4 year period.

How The Plan Works

The NUIG Income Protection Plan seeks to ensure that

between your Ill Health Early Retirement Pension, any

Social Welfare benefit and the Plan, you will receive

a gross income of up to 75% of your pre-disability

salary should you suffer a long term illness.

Who is Eligible to Join To be eligible to apply for membership of the NUIG Plan you must be:1) Under age 65; and2) An employee of NUIG; and3) Either: (a) A permanent member working full time; or

(b) Part time and working on average not less than 20% of the normal working week; or (c) A temporary member working full time or on contract for at least 12 months’ duration.

How Much Does It Cost ?

Less than you may think, as you can see from

the example below. The plan is exclusively for

employees of NUIG and has been designed to be

affordable for every member.

The NUIG Income Protection Plan is remarkably good value because it’s negotiated on a special group rate and costs significantly less than buying the same cover on an individual basis.

The contribution rate has been reduced from 1.20% to 1.15% of salary with effect from 1 January 2009.

Deductions are made at source for your convenience and full tax relief reduces the cost even further. For example, assuming tax relief at 41%, the net cost is just 0.68% of your salary.

First 26 weeks of illness: 100% of income €769 per week

Illustration based on a salary of €40,000

Without Income Protection With Income Protection

Second 26 weeks: 50% of income €385 per week

Thereafter: Social Welfare + Ill Health Early Retirement Pension

First 26 weeks of illness: 100% of income

After 26 weeks of illness: 75% of income

Scheme Benefit

Apply to join now and we’ll give you your first 3 months’ cover absolutely FREE!

Cover begins from the date the Insurer accepts your application in writing.

Application forms should be forwarded via the pensions office.

Note: The cost illustrated above does not include the insurance levy of 1% of premium introduced by the Government with effect from 1st August 2009.

But Are You Protecting Your Income? On a salary of €40,000, aged 40, your income to retirement is approx. €1,000,000. Is this protected?

Car/House Insurance Protects your belongings...

Life Assurance Protects your dependants’ financial future...

A Pension Protects your lifestyle for when you retire...

Example: A Member Earning €70,000

Paid Weekly Paid Monthly

Gross Cost € 15.48/week € 67.08/month

Less Tax Relief at 41% – € 6.35 – € 27.50

Net Cost €9.13/week €39.58/month