Income protection

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

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Salary Protection Scheme for Chartered Accountants Ireland

This scheme is designed to provide you with a replacement income of up to 70% of Declared Earnings* 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.

It's there when you need it

What you get from salary protection

Up to 70% of your Declared Earnings*

Salary protection gives you a replacement income of up to 70% of your Declared Earnings* – if you can't work due to illness or injury and you pass the scheme deferred period.

*Up to 70% of your Declared Earnings less any other income to which you may be entitled e.g. State Illness Benefit. Declared Earnings are subject to the maximum of €257,000 for a self-employed member. Terms and conditions apply; see the scheme information section below for further information.

Life Cover Benefit

The scheme provides a lump sum of typically twice your declared earnings 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.

Pension Premium Protection Benefit

A further 10% of your Declared Earnings will be paid into a separate Personal Retirement Savings Account if you claim from the scheme for over two years.

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.

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How much does it cost?

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

Benefit
Cost
Disability Benefit
0.79%
Death Benefit
0.73%
Pension Premium Protection Benefit
0.08%
Specified Illness Benefit
0.34%
Total cost
1.94% of salary

Scheme information

Salary Protection Scheme for Chartered Accountants Ireland - Summary Booklet

Salary Protection Scheme for Chartered Accountants Ireland Review Booklet

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

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This scheme is underwritten by Zurich Life. Zurich Life Assurance plc is regulated by the Central Bank of Ireland.