New Ireland Assurance
Lump Sum Investment Claim
You should really contact your financial advisor before making encashment decisions as in certain cases, charges may apply.
If you have an investment policy, it may be possible to take part of your funds and leave the remainder invested. Your ability to do so will be set out in your policy conditions.
Paperwork required:
1) Investment Withdrawal Form
2) A copy of photo id, i.e. current passport or driving licence
3) A copy of a current utility bill or bank statement (dated in the last 6 months), which reflects my most recent address. P60’s and mobile phone bills are not accepted.
NB: If documentation received is not clear and legible, further copies will be required. In certain circumstances, certified copies may also be requested.
Points to note:
1) If your address has changed from that previously notified, we will require evidence of your most recent address, or if your surname has changed as a result of marriage, we will require a copy of your marriage certificate.
2) If your policy is a single premium investment, the minimum withdrawal amount is €1,000.00 and the minimum value required to keep your policy in force is €3,500.00.
3) A withdrawal on a paid up policy may reduce the policy benefits and remaining term of the policy.
4) A charge of €25.00 currently applies for all partial withdrawals. This charge is subject to change.
5) For direct credit transfers outside of the Republic of Ireland, please note that currency and additional bank charges may apply and transmission times may be longer. Transfers to certain countries may also be prohibited.
6) For policies with a commencement date on or after 01.01.2001, additional units will be encashed from your policy to cover life assurance tax (currently 41%). Life assurance tax only applies to any gains made on the policy.
7) If a premium due for payment prior to the effective date of the encashment is debited, you may not be entitled to a refund.
If you have an investment policy, it may be possible to take part of your funds and leave the remainder invested. Your ability to do so will be set out in your policy conditions.
Paperwork required:
1) Investment Withdrawal Form
2) A copy of photo id, i.e. current passport or driving licence
3) A copy of a current utility bill or bank statement (dated in the last 6 months), which reflects my most recent address. P60’s and mobile phone bills are not accepted.
NB: If documentation received is not clear and legible, further copies will be required. In certain circumstances, certified copies may also be requested.
Points to note:
1) If your address has changed from that previously notified, we will require evidence of your most recent address, or if your surname has changed as a result of marriage, we will require a copy of your marriage certificate.
2) If your policy is a single premium investment, the minimum withdrawal amount is €1,000.00 and the minimum value required to keep your policy in force is €3,500.00.
3) A withdrawal on a paid up policy may reduce the policy benefits and remaining term of the policy.
4) A charge of €25.00 currently applies for all partial withdrawals. This charge is subject to change.
5) For direct credit transfers outside of the Republic of Ireland, please note that currency and additional bank charges may apply and transmission times may be longer. Transfers to certain countries may also be prohibited.
6) For policies with a commencement date on or after 01.01.2001, additional units will be encashed from your policy to cover life assurance tax (currently 41%). Life assurance tax only applies to any gains made on the policy.
7) If a premium due for payment prior to the effective date of the encashment is debited, you may not be entitled to a refund.