Your income is your most important asset and for financial security you depend on the presence of a regular monthly income. Income Protection provides you with a replacement income if you are unable to carry out your usual work due to any illness, injury, disability or accident. You can protect up to 75% of your Salary.

You are entitled to obtain tax relief at your marginal rate on your Income Protection premiums, within Revenue Limits. Income Protection Plans are also referred to as 'Salary Protection Plans' or 'Permanent Health Insurance Plans'.

The main types of Income protection Plans are as follows:

	Individual Income Protection Plans – This Income Protection Plan is designed to cater for individuals who do not have access to a Group Income Protection Plan through their workplace, or through their membership of a union or association.
	Employer Sponsored Group Income Protection Plans – These Plans are mainly found in the Private Sector and tend to have compulsory membership. In this case, the employer pays the cost of the plan and the employee is covered whilst in that employment. A conversion option to an Individual Plan may exist should the employee leave employment.
	Voluntary Group Income Continuance Plans – These Plans are mainly found in the Public Sector. They are designed to address the shortfall in the Ill-Health Early Retirement Pension available under their Superannuation Scheme. Many State Organisations, their Unions and Associations, have established very successful Voluntary Group Income Continuance Plans for the benefit of their employees/members. Again, a conversion to an Individual Plan may exist should the employee leave employment.