I am aware that there is normally a deduction of the single rate of Social Welfare Illness Benefit from the benefit payable under a Permanent Health Insurance Policy/Income Protection Policy.
Has this always been the case for policies sold over the past 20 years?
(I'm aware that benefit normally is calculated at 75% or 66% of salary, prior to the deduction in respect of social welfare benefit.)
Anyone ever hear of a deduction of TWICE the social welfare benefit, rather than 1 x times social welfare benefit?
Many Thanks.
Has this always been the case for policies sold over the past 20 years?
(I'm aware that benefit normally is calculated at 75% or 66% of salary, prior to the deduction in respect of social welfare benefit.)
Anyone ever hear of a deduction of TWICE the social welfare benefit, rather than 1 x times social welfare benefit?
Many Thanks.