DENTISTS
Omega Financial Management is the official provider of Day One Income Protection for the Irish Dental Association
NEW PACKAGE FOR IDA MEMBERS
Watch this video to find out about our tailored package for IDA members including a significant discount and contribution to member fees...
INCOME PROTECTION FOR DENTISTS
I would recommend every professional to seek income protection, because you never know what lies ahead.
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- Dr Emma O'Hara
Income Protection cover provides you with a replacement income in the event that you become unable to work due to accident or illness. This is particularly relevant for Dentists who are for the most part self-employed and have little safety net. Your benefit will last for as long as you are unwell, right through to retirement age. You can choose to cover yourself from Day 1 or a deferred period of time.
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Omega's unique Day 1 policy options (through DG Mutual & Dentist Provident) provide cover from the very first day of illness, meaning that not only are the larger issues covered, you will also be able to claim a benefit for any minor illness or injury from day one, no waiting period.*
What Type Of Cover Do I Need?
The dental profession in Ireland is uniquely well served for income protection as they are the only profession who have dedicated income protection companies. Back in the 1920s, Dentists felt that because they needed to be 100% physically and mentally dextrous to do their jobs they needed something to insulate them from something happening to them. As a result DG Mutual and Dentists Provident were formed to do just that.
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Almost 100 years later and both of these companies have loyally continued to cover Dentists and provide them with the peace of mind that if they fall ill or get injured they will be able to claim their income protection to keep their lifestyles as they are.
Dentists are the only profession in Ireland that actually have a choice when it comes to Day 1 Income protection. Both DG Mutual and Dentists Provident are Mutual Societies meaning they are owned by their members and not by shareholders. This makes a huge difference when it comes to making claims as their primary interest is to look after members and not to make profit for shareholders. Both companies have an exemplary claims payment record, however we must recognise the incredible commitment to members made by DG Mutual during the Covid crisis when they supported their dental members by paying them for 4 weeks self isolation during the emergency period.
NO DEFERRED PERIOD - COVER FROM THE FIRST DAY
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ALL ACCIDENTS & ILLNESSES COVERED (bar pre-existing)
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TAX RELIEF ON PREMIUMS AT THE MARGINAL RATE
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100% CLAIMS PAID SINCE INCEPTION
*in relation to the current pandemic, COVID-19 and some respiratory illnesses cannot be covered for new members (since 1st April 2020)
WATCH: income protection explainer
1 IN 5 DENTISTS CLAIMED ON THEIR INCOME PROTECTION POLICY IN 2018
Income Protection cover provides you with a replacement income in the event that you become unable to work due to accident or illness. This is particularly relevant for Dentists who are for the most part self-employed and have little safety net. Your benefit will last for as long as you are unwell, right through to retirement age. You can choose to cover yourself from Day 1 or a deferred period of time.
​
Omega's unique Day 1 policy options (through DG Mutual & Dentist Provident) provide cover from the very first day of illness, meaning that not only are the larger issues covered, you will also be able to claim a benefit for a cold, viral infection or any minor infection ailment that keeps you from work.
OUR PARTNERS & PROVIDERS
Dr Vladka Vilimkova
Dr Vladka was diagnosed with cancer in late 2012 and has undergone four extensive surgeries since. Unfortunately the treatments have resulted in a significant loss of arm/shoulder mobility, rendering her unable to work for the foreseeable future. Vladka’s Income Protection policy has provided her with a weekly income since her first diagnosis and will continue to do so as long as she is unable to work.
Dr Emma O'Hara
When I applied for income protection in 2013, I was in perfect health. Then suddenly I found myself laid up with broken bones from a serious car accident. I had barely paid my first premium, but Omega honoured their word. I never had to worry about payment, and the claim form was simple and quick. It was one major headache I didn’t have to deal with. I would recommend every professional to seek income protection, because you never know what lies ahead.
Simon Coughlan
I like to keep fit and healthy and it is rare that I am unable to work due to illness. However in recent months I have claimed on two occasions for 2 days of lost income as a self employed business owner. The claims process was swift, DG kept me informed and the claim was paid within 7-10 days. Overall I have found the support provided by DG and Omega Financial to be excellent and would recommend highly.
Seamus Ryan
As a general dental practitioner who owns a mixed private/GMS practice I thought it was essential to have Day One income protection against a rainy day. Practices have so many hidden costs that a considerable down time would put real strain on the every day running of the practice so I felt Day One protection was essential. Covid-19 was one of those down times. Overnight the practice shut its doors and all sources of income were lost.