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IMPACT-Facilitated Salary Protection Scheme

For Health & Welfare, Local Government & Local Services and Education Divisions

Could you and your family survive without your salary if you fell ill and were unable to work? If your answer is no, then you need Salary Protection insurance.

The IMPACT-Facilitated Salary Protection Scheme protects your salary against the impact of illness or disability, providing you with a replacement income* should you fall ill and become unable to work.

Exclusively available to IMPACT members (of the Health & Welfare, Local Government & Local Services, and Education Divisions), the security and benefits of this Salary Protection Scheme are not available anywhere else. That’s why over 7,010** IMPACT members are already protected through the Scheme.

Key Benefits

Please note: for some existing members the level of benefit may differ.

Why is Salary Protection so important?

*Less any other income to which you may be entitled e.g. half pay, Ill Health Early Retirement Pension, Temporary Rehabilitation Remuneration, State Illness Benefit. You must exhaust your employer’s sick leave entitlements and the Scheme deferred period as denoted in the Scheme Summary Booklet.
**Source: Cornmarket, April 2017

If you have any queries, please call us on (01) 470 8078.

How much does it cost?

The IMPACT-Facilitated Salary Protection Scheme is designed to be affordable for every member. It is remarkably good value because it’s negotiated on a special ‘group basis’ exclusively for IMPACT members and harnesses the purchasing power of the Union.

The contribution rate is currently set at 1.94% of gross salary.

Tax Relief

You are eligible for tax relief at your highest rate of tax on the part of your contribution going towards Disability Benefit (1.39% of the total 1.94%).

This means that the net contribution rate is only 1.38% after tax relief is applied, if you are paying tax at the higher rate.

The Real Question is…

Can you afford not to have this Salary Protection insurance in place for you and your family? Membership of the Scheme is a small price to pay for the security and peace of mind that this cover provides.

If you have any queries, please call us on (01) 470 8078.

What do I need to know?

Salary Protection is a simple, tax-efficient way to protect your family and livelihood in the event of illness or injury.

Further information about the IMPACT-Facilitated Salary Protection Scheme can be accessed via the links below:

Review 2017

The 2017 review of the Scheme has taken place. All changes to the Scheme will take effect from the 1st June 2017 and the revised terms are intended to apply until 1st June 2020. Please use the link below to access the review document:

The IMPACT-Facilitated Salary Protection Scheme Review 2017

For more information on the Specified Illnesses covered, including policy definitions of each illness and its pre-existing conditions, please click here.

If you have any queries, please call us on (01) 470 8078.

How to join

Before submitting your application to join the Scheme, please consult the following documents for eligibility, terms and conditions:

Then all you need to do is:

1) Apply over the phone – call (01) 470 8078

or

2) Print and complete the application form:

And freepost it to: Cornmarket Group Financial Services Ltd,
                           FREEPOST F3976,
                           Christchurch Square,
                           Dublin 8.

or

3)  Request a call back - Click here

How to make a claim

Step-by-Step Guide

Please click here for a Step-by-Step Guide to making a claim from the Scheme.

Important:

Cornmarket is not automatically notified of your absence from work through illness. Ideally, we should be informed about approximately 10-12 weeks in advance of your salary reducing to half pay or ceasing altogether. As soon as you become aware that, due to illness or injury, your salary is likely to reduce to half pay or cease altogether, please let us know by:

  • Phone             (01) 408 4018
  • Online             Click here
  • Post                SPS Claims Department
                            Cornmarket Group Financial Services Ltd.
                            Christchurch Square
                            Dublin 8

                   

A Claims Service you can Trust

We’re Cornmarket’s in-house, dedicated Salary Protection Claims Team. Should you ever need to make a claim, you can rest assured that it will be dealt with in the efficient, professional and sensitive manner that you deserve.

We’re here to help you.

Call us on (01) 408 4018 or click here to send us an email.

Important: You must remain a member of IMPACT to remain an eligible member of the IMPACT-Facilitated Salary Protection Scheme. If you leave the Union, you must inform Cornmarket in writing as you can no longer stay in the Scheme and you will not be able to claim from it.

 

New Ireland Assurance Company plc is regulated by the Central Bank of Ireland. A member of Bank of Ireland Group.

Please note: IMPACT facilitates four Schemes through Cornmarket, namely the IMPACT Salary Protection Scheme, IMPACT related AVC Schemes, the IMPACT Car Insurance Scheme and the IMPACT Home Insurance Scheme. All advice provided by Cornmarket, whether in respect of IMPACT facilitated Schemes or otherwise, and meetings organised in the course of visiting a workplace are solely the responsibility of Cornmarket.