Group Life Plan

Financial support for your loved ones

What is the Group Life Plan?

In the event of your death, financial support may be a significant issue for your family. Mortgage payments, day-to-day living expenses, credit card bills and so on, will still have to be met by those you leave behind. This is why the benefits of the AHCPS & VOA Group Life Plan are so valuable for AHCPS and VOA members.

Key benefits of the plan

Members' Benefit

If a member of the plan dies, a lump sum of twice annual salary will be paid.

Accidental Death Benefit

If a member of the plan dies by accidental death, a lump sum of €15,000 will be paid in addition to the Members' Benefit.

Children’s Death Benefit

If a member’s child (aged 0 and 18, or 21 if in full-time education) dies, a death benefit of €4,000 will be paid.

How much does it cost?

Cornmarket and the AHCPS & VOA work together to secure the best price and benefits for members. When it comes to cost, you benefit from the group purchasing power of the AHCPS & VOA.

The cost of the Plan is 0.48% of salary, and the majority of your premium is eligible for tax relief.

Why choose Cornmarket?

Cornmarket negotiate with insurers to obtain the most competitive rates and to secure the best possible benefits for members.

Retired Members' Life Cover

People are living longer, which puts more financial pressure on their retirement. For this reason, they need a level of Life Cover to make sure their loved ones are financially secure if they die and are no longer there to take care of them. The Cornmarket Retired Members’ Life Cover Plan provides this vital peace of mind and financial security.

What's more, AHCPS & VOA Group Life Plan members can apply to join the Plan without the need for medical underwriting, if they do so within 6 months of their retirement.

Find out more

The AHCPS & VOA Group Life Plan is underwritten by New Ireland Assurance Company plc. New Ireland Assurance Company plc is regulated by the Central Bank of Ireland. A member of Bank of Ireland Group. Irish Life Assurance plc is regulated by the Central Bank of Ireland.