Covid crisis reminds people of importance of home, health and life insurance

There's nothing like a global pandemic to help people realise the importance of adequate life and serious illness cover

Every day we see heart-breaking stories from our customers who have lost a loved one or suffered a life-changing illness. Picture: pa

Last year was a significant one for Royal London in Ireland, with the company investing heavily in the Irish market by establishing its business as a separate subsidiary of its UK parent, The Royal London Mutual Insurance Society Ltd, which has over 190 years of heritage in Ireland. 

The largest mutual life, pensions and investment company in the UK, the company’s performance in Ireland was particularly strong, with new business sales increasing by 20% to €152m, up from €126.5m in 2018. Its new business contribution also increased to €15m from €12.2m the previous year. Performance was strong across all products, particularly Mortgage Protection and Term Assurance.