Salary Protection Scheme
For SIPTU Allied Health Professionals and members of the MLSA
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 Salary Protection Scheme for SIPTU Allied Health Professionals and Members of the MLSA 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 SIPTU Allied Health Professionals and members of the MLSA, the security and benefits of this Salary Protection Scheme are not available anywhere else. That’s why over 925** members are already protected through the Scheme.
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, January 2016
Click 'Join Now' or call us on (01) 470 8078.
How much does it cost?
The Salary Protection Scheme for SIPTU Allied Health Professionals and Members of the MLSA is designed to be affordable for every member. It is remarkably good value because it’s negotiated on a special ‘group basis’ exclusively for members and harnesses the purchasing power of the Unions.
The contribution rate is currently set at 2.45% of gross salary.
You are eligible for tax relief at your highest rate of tax on the part of your contribution going towards Disability Benefit (1.96% of the total 2.45%).
This means that the net contribution rate is only 1.67% 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.
Click 'Join Now' or 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.
Full information about the Salary Protection Scheme for SIPTU Allied Health Professionals and Members of the MLSA can be accessed via the links below:
The 2017 review of the Scheme has taken place. All changes to the Scheme will take effect form the 1st January 2018 and the revised terms are intended to apply until 1st January 2021. Please see the link below to access the review document
The Salary Protection Scheme for SIPTU Health Professionals and Members of the MLSA Review 2017
For more information on the Specified Illnesses covered, including policy definitions of each illness and its pre-existing conditions, please click here.
Members of the Salary Protection Scheme for SIPTU Allied Health Professionals and Members of the MLSA also receive Preferential Entry into the Cornmarket Retired Members’ Life Cover Plan. For more information, click here.
Should 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
2) Print and complete the application form below
And freepost it to: Cornmarket Group Financial Services Ltd,
3) Request a call back - Click here
How to make a claim
Please click here for a Step-by-Step Guide to making a claim from the Scheme.
Cornmarket is not automatically notified of your absence from work through illness. Ideally, we should be informed about approximately 8-9 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.
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.
|Important: You must remain a member of the SIPTU Allied Health Professionals or a Member of the MLSA to remain an eligible member of the Salary Protection Scheme for SIPTU Allied Health Professionals and Members of the MLSA. 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 plc is regulated by the Central Bank of Ireland. A member of the Bank of Ireland Group.