Free €25000 Life Assurance for 1 year

joe316

Irish life are doing a promotion at the moment for €25000 worth of life assurance for one year. First 20,000 people to sign up get it.

Maybe worth signing up for some people, doesnt look like there is anything sneeky in the T&Cs.


http://www.irishlife.ie/

Berty

It's for Parents, not for individuals, just before you throw yourself into filling in forms. Don't bother making up children because it will only void your insurance and be a waste of time for everybody involved.

stimpson

Nice one OP.

Now to fake my own death!

deegs

nice.. done

T-Maxx

Thanks OP - got this a year or two ago as well during a similar promotion.

phill106

signing up now, then will go play in traffic!
Sites very slow?

jmcc99_98

Hmmmm, this is only a bargain if you die

vicwatson

*waits to be bombarded with promotional material to fill up recycling bin

Thanks, just signed up.

Hope I dont need to use it!

phill106

jmcc99_98 wrote: »

Hmmmm, this is only a bargain if you die

I hope you get a bargain!

keithclancy

This is life Insurance not life Assurance.

Timmaay

phill106 wrote: »

I hope you get a bargain!

Bargain of a lifetime!

Oracle

jmcc99_98 wrote: »

Hmmmm, this is only a bargain if you die

Yeah and even then someone else gets the bargain .....

Guffy

keithclancy wrote: »

This is life Insurance not life Assurance.

What's the difference. Did a very quick hung over search but came up blank.

CreepingDeath

gufc21 wrote: »

What's the difference. Did a very quick hung over search but came up blank.

If my vague memory of secondary school business studies serves me well... then

Assurance is like a savings scheme, where you get money at the end of it typically with "free" insurance.

Insurance, they only pay out if you die, robbed, injured etc.

Senna

Assurance means you are assured of it happening. You pay for Life Assurance till you die then you are guarantee a payment.
Insurance is for a fixed term and unless you die within the year, you get nothing at the end.

blade1

gufc21 wrote: »

What's the difference. Did a very quick hung over search but came up blank.

Assurance is for something that will happen and insurance is for something that might happen.

Guffy

blade1 wrote: »

Assurance is for something that will happen and insurance is for something that might happen.

O I know that much was just wondering what life insurance would actually cover. So it covers if you get robbed? I'm assuming that's only if your mugged. Injurey, is this lk personal injury?

GHOST MGG

@gufc21 its a "LIFE" insurance policy..it only pays out if you "DIE" in proscribed ways set out in their policy booklet
its doesnt pay out for injurys or falling down potholes...

blade1

gufc21 wrote: »

O I know that much was just wondering what life insurance would actually cover. So it covers if you get robbed? I'm assuming that's only if your mugged. Injurey, is this lk personal injury?

you would have to read the small print carefully for things like injury and such.
with some policies u have to spend a certain amount of time in hospital before they pay out.
they probably all vary.

dodzy

gufc21 wrote: »

So it covers if you get robbed? I'm assuming that's only if your mugged.

I'd go back to bed if I were you.

keithclancy

gufc21 wrote: »

O I know that much was just wondering what life insurance would actually cover. So it covers if you get robbed? I'm assuming that's only if your mugged. Injurey, is this lk personal injury?

Shame, you'll have to bring back all those balaclavas and baseball bats you got in Aldi :P

Guffy

dodzy wrote: »

I'd go back to bed if I were you.

Would ya believe I was still in bed. If you read the thread though I was referring to an answer to my previous post asking what the difference between life insurance and assurance was. I had always thought you couldn't insure against something that was going to happen, only if there was a chance of it happening. Eg. There's a chance I'll crash the car, I'm going to die. (my house is going to flood) and not being able to insure it you had to get life assurance.

When I did a google search on phone into the differences between the two all I got was policies. So after getting a reply saying insurance covered injury and theft I thought it a bit strange and wanted to know what. Type of injury or theft it covered.


So no need to be so smart.

soirish

Have used this offer a year ago, now the plan is about to expire. Is there something sneaky if I don't want to renew?

Drumpot

soirish wrote: »

Have used this offer a year ago, now the plan is about to expire. Is there something sneaky if I don't want to renew?

No there is nothing sneaky, your policy will just cease and you do not have to do anything. I work as a financial adviser and this was just a very good marketing exercise from Irish Life.

Instead of spending money on direct advertisement, they spent it on free life cover for one year, its genius to be honest as most people aren't that interested in these kind of products and promoting them on TV doesn't really grab peoples interest.

If you took this policy up directly with Irish Life, you might get a call from a direct sales person of the company, but you are not obliged to take out anything. If you took out this policy with an adviser (like myself), same thing applies.

In short, this policy is a great advertisement for Irish Life, is a great way to introduce people to the concept of Life Assurance and is a great way for Life companies (and advisers) to get opportunities to contact people directly (as cold calling is illegal).