Income protection

Helps keep your finances healthy if you can't work because of illness or injury

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ASTI Salary Protection Scheme

This Scheme is designed to provide you with a replacement income of up to 75% of salary* if you’re ill or injured, and can’t work. It helps give financial security and peace of mind, so you can focus on getting better.

6 Months’ FREE Salary Protection*

All eligible members who are under age 40 will get 6 months’ FREE Salary Protection* when they apply to join for the first time before 31st December 2021.

Enjoy the great benefits of Salary Protection, and pay nothing for the first 6 months!

Click here to find out more.

What you get from salary protection

Up to 75% of your salary*

Salary protection gives you a replacement income of up to 75% of your annual salary – if you can't work due to illness or injury, and your sick pay has reduced to half pay or ceased altogether.

*Up to 75% 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 can claim salary protection when you have used up your employer’s sick leave entitlements and passed the scheme ‘deferred period’. Simply put, that’s the time that must pass before benefit is paid.

Life Cover Benefit

The scheme provides a lump sum of typically twice your annual salary if you die. This can help to pay bills and unexpected costs, at an already difficult time. 

Specified Illness Benefit

You will receive a once-off lump sum if you are diagnosed with one of the specified illnesses listed in the policy document. 

Tax relief

You're entitled to tax relief on the majority of your scheme membership cost. 

We're committed to your claim

Our helpful and friendly team will guide you through the claims process.

Remember, we're not automatically notified if you’re absent from work due to illness or injury. If this happens, it's important to contact us as soon as you think your salary will be affected.

To be eligible to claim from salary protection, you must meet the definition of disablement as defined in the policy document. Other terms, conditions and exclusions apply.

Early Payment of Disability Benefit

To make life easier for members, New Ireland will commence the early payment of Disability Benefit from the date the member’s salary reduces to half pay or ceases altogether. This is provided that the insurer receives a claim form and a medical certificate confirming the nature of the member’s illness a minimum of 6 weeks before the member’s pay reduces or ceases. Payment of this benefit is subject to your employer providing, and New Ireland being satisfied with, the necessary administrative information required for payment.

The early payment will be made for a maximum of 3 months while New Ireland is gathering the necessary medical evidence to make a final decision on your claim. If your claim is not agreed for payment when the final decision is made, you will not have to repay the early benefit payment.

Join today!

It’s there when you need it

Join today!

How much does it cost?

Cornmarket and the ASTI work together to secure the best price and benefits for ASTI members. When it comes to cost, you can benefit from the group purchasing power of your union. You're entitled to tax relief on the majority of your scheme membership cost.

Benefit
Gross cost
Disability benefit
1.40%
Death Benefit
0.24%
Specified Illness Benefit
0.11%
Medical Immunity (entitles members to join Cornmarket’s Retired Members’ Life Cover Plan, without medical underwriting)
0.05%
Total cost
1.80% of salary

Apply Now

The ASTI Salary Protection Scheme Summary Booklet

The ASTI Salary Protection Scheme Application Form

Please review the Plan documents above to apply for the Plan, and click here to access our Terms of Business.

Send your completed application form to:

Cornmarket Group Financial Services Ltd.

Group Protection Department

Christchurch Square

FREEPOST F3976

Need to make a claim?

Our helpful and friendly team will guide you through the claims process.

Call us on (01) 408 4018

What our customers say...

Frequently Asked Questions

*Terms, conditions and exclusions apply. For full offer terms and conditions, please visit www.cornmarket.ie/six-months-free

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