Having an accident, illness or injury is not something we normally think about. However, on top of the obvious physical and mental effects of being unwell, not being able to work could put you and your family under serious financial strain.
If you can’t work, you are likely to find that your income reduces or stops altogether, whether from your own practice or sick pay from your employer. Your bills and other financial commitments, on the other hand, won’t. This is where income protection comes in, by helping to replace the income you lose by not being able to work.
Whether you are young or old, single or with a family - income protection can give you the financial support you and your family need, so that you can concentrate on your recovery, however long that may be.
Our plan is designed by experts working closely with dental professionals, just like you. So you can be sure that whatever stage your career is at, we have a plan to suit your lifestyle and needs. Our business is based on the simple principle that our members should never have to compromise on levels of service or the quality of their cover.
Being owned and run by dental professionals, we do not make profits for anyone else – our profits are only ever used to improve the products, services and benefits we provide our members.
Whether your needs are simple or complex, we are confident that you will find a customised plan that is right for you, whatever your budget.
|Maximum monthly cover||Maximum proportion of your qualifying income that can be paid as benefits||What your illness or injury has to stop you doing during a claim||Maximum period we will pay your claim||Waiting periods available|
|€8,666||75%||Your own occupation||Until you are 65||9 waiting periods, including no waiting period to 1, 4, 8, 12, 13, 26, 52 and 104 weeks|
Our plans are designed to give you control, so you can customise this plan to suit your unique needs. To find out more about what it costs to protect your lifestyle, please click here.
You can apply for the plan by clicking here. Our online application process is fast and convenient. Once we receive your application, we will call you for a health and lifestyle interview, to collect the information we need to decide on the most suitable terms and conditions for your plan.
You can also apply for our plan through your independent financial adviser or by completing a paper application. You can obtain an application pack by contacting our member services team.
We are not allowed to give you financial advice, which means we can’t recommend whether or not this plan is right for you. If you don’t have a financial adviser or would prefer to speak to us, we are happy to answer any questions you may have to help you make your own decision.
These case studies are for illustration only and not based on real individuals. They are not designed to provide financial advice, nor are they intended to make any recommendations regarding the suitability of our plans for a particular individual.
Michael qualified four years ago. After completing his degree, he has continued working in general practice. Michael and his young family recently moved to Galway where he started work in a city centre practice.
On a friend’s suggestion Michael bought a short term protection policy last year which paid benefits for up to a year on any claim. However, Michael and his partner were concerned about the effect of a long term illness on the household finances and he chose Dentists’ Provident for his long term income protection needs. He opted for the Select income protection plan as he wanted flexible and high quality cover with the peace of mind of having guaranteed premium rates.
Michael earns €85,000 a year and has gone for the maximum cover based on his income of €5,000 a month. He chose a waiting period of 1 year, which meant that his benefits from Dentists’ Provident would start immediately after his short term insurance policy stopped paying benefits on a long term claim.
Since Michael was worried about a long term illness, he chose his plan to end when he was 65 years old and for his cover to be linked to inflation.
He pays a monthly premium of €96.30 for his cover.
Aoife qualified two years ago. She now works at two surgeries as a self-employed dental hygienist. Aoife joined Dentists’ Provident just after qualifying. After a friend’s dental career ended because of a small DIY accident involving their hand, Aoife has decided to buy additional income protection cover to make sure her lifestyle is covered if she could not work because of an illness or injury.
Aoife earns €60,000 a year. As she already has a cover €1,950 under her Select income protection plan, she has decided to take out an additional monthly cover of €1,800 under the same plan. Her combined cover means that Aoife now has the maximum cover based on her current income.
Aoife also took the option to increase her cover in the future without medical assessment to address her worries about the effects of changes in her future health on her ability to buy more cover, in case her income grew in the future.
Aoife pays €73.25 in total for the cover under her two plans.
Patricia is 45 years old and a keen hill walker. On her colleagues’ recommendation she took out her income protection plan with Dentists’ Provident last year. As Patricia is planning to stop work in her early 50s to move to France, she felt she did not want a long term income protection cover.
She currently works in a practice in the Wicklow, and was pleased that she chose the Select income protection plan as she was paid over €3,000 in benefits last summer, when she twisted her ankle out walking around in a nearby national park.
Liam, is 40 years old.
He has two young children and is usually busy juggling his personal and professional commitments. But the last few years have been different; last year he went back to work after taking an entire summer off due to problems with his knee, which meant he was in too much pain to work. As he had made sure his income protection cover was up to date, he still received an income of €3,700 a month to fund his family's lifestyle.
We are owned by our members. This means that your interest always come first and never more so than when you need to make a claim. Our claims process is simple and easy. Once you have completed your claim form, simply ask your doctor to complete the confidential medical certificate at the back and then return your fully completed claim form to us along with the evidence of your income. If you need help our claims team is only a phone call away.
As a member, in addition to your cover, we support you with access to information and guidance from relevant, reputable third parties to help in your practising and personal life. Whether it’s advice on posture and back care, offers for ergonomic equipment, complimentary preventive care, exercise classes and techniques or reduced prices for lectures, we want to support your health and wellbeing throughout your membership.
We regularly produce publications, with valuable third party offers, information, news and articles. For more information about our exclusive member benefits, please see our member benefits page.
We want you to be happy with your plan and our service, but sometimes we may not live up to the standards we set ourselves. If that happens, please let us know and we will work hard to resolve the situation as quickly as possible. If you are still not satisfied with how we have dealt with things, then you can go through our formal complaints process.
If you have a complaint, we will acknowledge it in writing within five working days of receiving it. We aim to resolve all complaints within four weeks, however sometimes this can take longer. If this happens, we will write to you to explain the reason for the delay and provide an indication of when you can expect our decision, along with details of the options available to you. If you are not satisfied with our final response, you can choose to either refer the matter to our panel of independent arbitrators or the Financial Ombudsman Service.
The contact details for the Financial Ombudsman Service are:
Financial Ombudsman Service
Phone: 0800 023 4567 or 0300 123 9 123
Complaining to the Ombudsman will not affect your legal rights. For further information about your legal rights, please contact your solicitor or the Citizens Advice Bureau.