Simple Life Insurance | Ulster Bank



Important Customer Notice

Update on Ulster Bank Ireland DAC presence in the Republic of Ireland.

For more information please click here.

Simple Life Insurance

Simple, straightforward, uncomplicated cover

Ulster Bank Ireland DAC is a tied agent of Irish Life Assurance plc. for life insurance plans (including life assurance, specified illness cover, income protection, savings, investments, pension plans) and Personal Requirement Savings Accounts. Irish Life Assurance plc is regulated by the Central Bank of Ireland.

Why Life Cover?

Protecting your family with life cover is one of the most important financial decisions you can make. You never know what’s around the corner or what life will throw at you next and that’s why life cover is so important. It pays your family a lump sum if you die, which can help pay bills and loans and help provide an income at a time when they need it most.

The need to knows:

  • Simple Life Insurance is a no-frills life cover plan that could give your family a lump sum of up to €150,000.
  • Available to customers aged 18 to 49
  • Cover available for a term of two to 20 years;
  • It can cost from just €10 a month depending on your age, the cover amount and the term you choose
  • If you are looking for a more comprehensive plan with, for example, more cover or greater flexibility, you should discuss this with your Financial Planning Manager, who will help you decide what options if any, might suit you best.
  • Single cover only – the life cover is taken out to cover one person on their death.
  • Remember: the maximum amount of life cover you can get with Simple Life Insurance is €150,000 – even if you take out several Simple Life Insurance plans.
Simple Life Insurance might suit you if you:

 are looking for a long term investment plan to provide for your retirement


 live in the Republic of Ireland

don't need access to your money before age 60 (or until you retire)

are happy with the choice of funds and the charges on this plan

have at least €1,800 a year to invest
want life cover for a term of between two and 20 years
want life cover only, with no added benefits or features
want cover just for one person
want up to £150,000 of life cover only
are in good health and have been for the past 10 years and meet our conditions for accepting applications
Simple Life Insurance might not suit you if you

are younger than 18 or older than 49

are looking for a plan with added benefits such as specified illness cover

are looking for financial advice

want cover for more than €150,000 of life cover

are currently having medical treatment or have experienced ill health in the past ten years


Important information

Next steps Ready to apply?
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