Other Payment of PHI Premium when claiming PHI Benefit

gimp

Registered User
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108
I have Permanent Health Insurance (PHI) as part of my Pension
I am in receipt of PHI Benefit but am still paying the premium.
Premium now at €4k PA and rising every year in line with the Pension Contributions
Just wanted to check this is normal that you still pay the PHI premium after you have made a claim and been accepted.

I also have Premium Protection with yearly increase protected

Thanks for any advice
 
This varies from company to company. The only way of knowing with certainty is to ask for a copy of the policy conditions - it'll tell you the correct position. If you still have the original policy document, the policy conditions should be in there too.

Liam D. Ferguson
 
+1 Perhaps a phone call to the company would be even easier as I know that it would need a legal degree to read some policy documents!

I would think that because it is intergrated into your pension and the fact that you have premium protection on your pension as well, it is unlikely that there is a premium waiver policy on the income protection cost.
 
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