Types of Illness Cover

Specified Illness Cover provides a lump sum cash payment if you’re diagnosed with one of over 30 conditions* - as well as total and permanent disability cover. Being diagnosed and suffering from a specified illness can be emotionally and physically draining, disrupting your ability to earn a living or care properly for yourself and your family. You may need to adapt your home or even move house.

Specified Illness Cover offers you protection from the financial effects a specified illness* or permanent disability can bring. It is designed to complement your existing life assurance to give you a full protection suite. There are two ways you can take out Specified Illness Cover – as Standalone cover or as an Accelerated plan.

Standalone cover means it is taken out as a benefit on its own and is completely independent of any Life Cover you may take out. Any payout you receive in respect of your illness benefit, will not impact upon (nor reduce) the level of Life Cover you have in place.

Accelerated cover is life assurance with a specified illness cover element. Under this cover, the Plan ‘accelerates’ the payment of the specified illness benefit on the earlier diagnosis of a condition covered under the Plan. If a specified illness payment is made, the life cover amount is reduced accordingly. If no specified illness claim is made, the full sum assured is paid on death.

Best Doctors® - a second medical opinion†

(Only available on Plans that have specified illness cover)

Should you be diagnosed with a serious illness and have taken out Specified Illness cover, your AIB Safeguard Plan or AIB Mortgage Protection Plan (where you have selected specified illness cover) provides you with access to Best Doctors – a leading medical knowledge company that has built up a worldwide database of over 50,000 of the world’s top physicians and, at your request, can provide you with:

• A comprehensive review of your diagnosis and treatment without you having to leave home.
• Access to information from the most qualified specialists, plus
• A Best Doctors Nurse Care Manager who will collate all the information about your condition, submit it to the most appropriate expert – and keep you fully informed every step of the way.

† Please contact your local AIB branch, where an AIB Financial Adviser can provide you with a detailed brochure on Best Doctors®
Ark Life Assurance Co. Ltd. does not guarantee the ongoing availability of the Best Doctors service to its policyholders and may, at its sole discretion, withdraw access to the service at a month’s notice. Policyholders will receive written notification. Best Doctors is a registered trade mark of Best Doctors, inc., in the United States and other countries.

* Specified illnesses covered (source: Ark Life Sept 2009)

The benefit will be paid out if you are diagnosed and certified as having one of over 30 illnesses**.

**Precise definitions of the specified illnesses and disabilities covered are set out in your policy document – together with details of any time limits that apply. In particular, you will need to survive for at least 14 days after the onset of the illness or disability. Any claim for benefits must be made in writing within the time limits specified in the Policy Document. For full terms and conditions of the AIB Specified Illness Plan, please arrange an appointment with an AIB Financial Adviser who will explain the features, terms and conditions in full. In addition, you will also receive the AIB Specified Illness Definitions Guide which provides a full ‘layman’s’ explanation of the specific illnesses that the Plan covers, as well as some exclusions that may apply.

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