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Sorted And The City: Workers lacking insurance.

Byline: Andrew Penman, Michael Greenwood & Guy Dennis

HUGE numbers of Irish workers either have no, or inadequate, insurance to maintain their lifestyles if they were out of work for a long period due illness, according to a new study.

The TSN mrbi survey showed that overall, 38 per cent of Irish people have not insured their incomes against serious illness.

It said at least 30 per cent of those surveyed believed they would not have adequate income to sustain their standard of living if they were unable to work for a long period through sickness. A further five per cent were uncertain if they would be able to keep up their standards of living.

The survey found that should they fall ill, 84 per cent of respondents ranked financial security for their family as very important - but only 1.5 per cent of adults took out serious illness cover between 1998 and 2001.

John Walsh, head of marketing and sales at Royal Liver Assurance who commissioned the study, said there was evidence that consumers were confused about the nature of illness cover.
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Title Annotation:Business
Publication:The Mirror (London, England)
Date:Oct 23, 2003
Words:182
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