DAY ONE INCOME PROTECTION
Omega Financial Management is the official provider of Day One Income Protection for the Irish Dental Association
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 start from the very first day and last for as long as you are unwell, right through to retirement age.
SUPPORT FOR IRISH DENTISTS through COVID-19 CRISIS
Omega Financial Management via DG Mutual has been providing day one income protection to IDA members since 2010. In addition to DG’s unparalleled claims paid history, the company has demonstrated an exceptional level of support to Irish dentists by providing cover to members who were instructed by their GP to self-isolate on medical grounds in the immediate aftermath of lockdown restrictions. DG Mutual was not obliged to cover for isolation and did so as a gesture of goodwill until May 6. Hundreds of clients were covered and the total claims amount runs to a seven-figure sum.
The response from the dental community has been overwhelmingly positive, with members citing their relief at having this level of support during such a challenging time, at the ease of the process and the speedy pace at which they received their benefits.
NO DEFERRED PERIOD - COVER FROM THE FIRST DAY
ALL ACCIDENTS & ILLNESSES COVERED (bar pre-existing)*
TAX RELIEF ON PREMIUMS AT THE MARGINAL RATE
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)
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.
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.
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.