Life insurance

In simple terms, life insurance helps to protect your loved ones if you die. It pays your dependents a lump sum on death which provides immense peace of mind and financial security.

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What is life insurance?

Life insurance is one of the most cost-effective and popular forms of financial protection in Ireland, and it’s easy to see why.

A life insurance policy will pay your dependents a lump sum on death. This replacement income could help with household bills, childcare and education costs, covering mortgage payments and even your funeral costs.

By easing the financial burden placed on your family at such a difficult time, policyholders can enjoy invaluable peace of mind. In return, you pay a regular premium for the duration of the policy (also called the “term”).

There are a number of types of life insurance policy, each designed to help people with particular needs.

Life Insurance (SYM)



Lump sum protection – you decide how much cover you need


Competitive monthly premiums


Cover for your mortgage


Peace of mind for the family – a lump sum should the worst ever happen

How does life insurance work?

Life insurance products can be very straightforward to take out. After speaking with an adviser, you decide the amount of cover you need and how long you need it for.

You also choose the premium frequency – monthly, half-yearly or annually. In return, you have the reassurance of knowing that if you die during the term of the policy, your family will receive a cash lump sum.

Why do I need life insurance?

If you’re single with no dependents or debts then you probably don’t need life insurance.

But if you have a partner, a family, mortgage, debts or other long-term financial commitments, then life insurance can be a great help in a difficult time. If you’re the main breadwinner in the house, for example, then your family may well rely on your income. How would they cope financially if you were to pass away? Could they afford to pay the mortgage and all of the household bills?

A life insurance policy could pay out enough to meet your mortgage payments and cover household expenses, to ease the financial burden faced when a loved one has gone.

Our comparison service

We don’t just offer you one life insurance plan. Instead, we search a panel of leading insurers on your behalf, to find you the most competitive premium.

To give you added peace of mind, our panel contains some of the biggest names in life insurance, including the following:

Irish Life (LOGO)
Zurich (LOGO)
Aviva (LOGO)
Royal London (LOGO)

Why is life insurance so useful?

If you have a mortgage – the policy could give your family a lump sum to help to pay off your mortgage.

If you’re the main breadwinner – the policy could give your family a lump sum to help cover household bills, which eases the stress in an otherwise difficult time.

If you have children – the policy could give your family a lump sum to help to pay for your children’s education, books, uniform, school fees, etc.

If you need to cover funeral costs – did you know that a basic funeral can cost up to €7,500 in Ireland?* And potentially, this sum can be a lot higher depending on individual requirements. Can you rely on your family to cover the costs? If these kinds of figures come as a surprise, then a life insurance policy that covers funeral costs could be your ideal solution.

*Source – Royal London Survey, 2018

About premiums

The cost of your life insurance depends on a number of factors. Here’s a run-down of some important issues that affect the amount you pay for cover:

The more cover you want, the higher your premium.

The older you are, the more expensive your policy is likely to cost.

Your occupation – if you work in a hazardous job, this can affect the size of your premium.

Your hobbies – if you enjoy hobbies that are a risk to your health, like winter sports or rock-climbing, these may well affect your premium.

Your current health. If you smoke or drink more than the recommended amounts of alcohol, or if you have any other long-term health issues, you may find difficulty finding a policy and those that are available will be expensive.

Life Insurance Considerations

While life insurance can be very straightforward to take out, it’s important that you take some time to consider the following:

How long do you need cover for? For example, if you want a policy to cover your mortgage, check how long your mortgage repayments will last. If the policy is to cover your children’s education, think about when you’re expected to pay for school or university costs and how much those costs are likely to be.

How much cover do you need now, and in the future? If you want to protect your family, take a look at your current outgoings and think about how your spending might change over the coming years. For example, if you have children, will they need help getting their first car or funding the deposit on their first house? And what about weddings?

Does my employer offer life insurance? Your employer may offer death-in-service benefit, which pays out a lump sum (normally four times your annual salary) if you die while you are in employment. If you have cover from your employer, you should still check whether this amount is enough for your needs.

I put in a claim in beginning of October and they sorted it out very quickly and I’m with them good few years never had any complaints thank you.

Jacqeline McHugh 
Jacqeline McHugh

Great service as always.


Friendly company, fast response, I am satisfied with the services and contact.


Extremally efficient company to deal with, totally satisfied with Lynsey who always answered any query I had with accurate information. Would not hesitate to recommend them.


Rob is very easy to deal with. Many people at the yard I have my horse has signed up to Hive Insurance. Great plains available for small monthly payments.


I recently purchased equine insurance from Hive Insurance after a recommendation from a riding centre. Rob was very professional, knowledgeable, helpful and assisted in myself and my children all having cover before the end of the day! There were three options of cover to choose from.

I couldn’t be happier with my experience and have been passing his details to my equestrian friends.

Highly recommend!


As an ISSA member, I had an accident and put in a claim with Hive here in Ireland and I have to say, the service was great and really helpful, but the best bit was my claim was dealt with and paid out within a week! Couldn’t recommend them enough.


“With all sports, the risk of injury is always present and equestrian sport is no different and in the case of our yard, where the risk ranges from 128cm ponies through to Grand Prix horses, covering Riders, Grooms and Yard Staff the danger seems ever present. Therefore, these day every risks combined with the issues surrounding Irish equestrian insurance; the launch of the Equine Safety Initiative could not be more perfectly timed in my opinion. Furthermore, after a visit, Rob McOwan expertly and efficiently introduced and implemented the roll out of the ESI to everyone involved within our yard without any disruption. Highly recommend everyone involved in horses gets behind and supports this initiative as we will all benefit from it in the short and long term”.

Melvyn Kennedy, Hughes Kennedy Show Jumping 
Melvyn Kennedy, Hughes Kennedy Show Jumping

“Having spoken with Rob at Hive, he was able to offer me a superb policy which gave me peace of mind to get back into the saddle once restrictions eased during the year. As an active member in the AIRC, I was delighted to recommend this initiative to all our club members as Hive’s customer service and expertise in the equine industry is second to none”.

Elaine Lynch, AIRC Member 
Elaine Lynch, AIRC Member

“I am proud to be working with Hive Insurance Services as I think their approach to Irish Equine Insurance is breath of fresh air and very much needed within our industry.”

“Their alliance with all of the various equestrian governing bodies and their introduction of the Equine Safety Initiative (ESI) is just one example and I strongly believe that if we all get behind, support and promote this important safety program; given time, the Irish equine insurance market could change for the better, with less small claims burdening our equestrian businesses premiums could stabilise, even drop… can you imagine that!”

Heike Holstein, Olympic Dressage Rider 
Heike Holstein, Olympic Dressage Rider

Get in touch

From death and serious illness, through to accidents and help with everyday medical bills, we help to provide peace of mind and we’re here when you need us most. Here’s how to get in touch.


Hive Insurance Services, Office 15, Lakeview Point, Unit 24, Claregalway Corporate Park, Claregalway, Co. Galway, H91 PX38

074 9161868

Lines are open 9am-3pm Monday to Friday (excluding public holidays). Calls are recorded and kept for training, monitoring and regulatory purposes


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