Frequently Asked Questions

General
Where can I find more information about Life Assurance?

You can find more information about Life Assurance here.

How do I enroll/apply/sign up for life insurance?

You are automatically enrolled into the Life Assurance on your start date.

When am I covered for Life Assurance?

You are covered for Life Assurance if you are a permanent employee from your start date with SAP.

Is the Life Assurance mandatory?

Yes, as a permanent employee of SAP Ireland, you are automatically enrolled into Life Assurance on your start date.

What is covered by the Life Assurance program?

By the Life Assurance program is covered your life in the event of your death.

What level of cover of life assurance do I receive? //Who will get the Life Insurance sum insured in case I pass away? // What is my family entitled to by Group Life Insurance in case of my death?

The life assurance benefit payable on death is four times your contract basic salary. This is paid to your beneficiaries as a lump sum.

What about inheritance tax on the lump sum for life assurance?

To find out more information about the tax on the lump sum for life assurance, please contact the Inspector of Taxes on 01 6474000 or 1890 777425.

Does the insurer need to be notified if I am going for elective surgery?

There is no requirement for notification to the insurer where an employee is going for elective surgery.

I have a life insurance contract abroad. Can the employer's contribution be sent to this contract?

No, it's not possible to send the employer's contribution for Life Assurance to a foreign contract.

Can I choose the Life Assurance provider? // I already have a life insurance can I continue it at SAP?

No, it's not possible to choose the Life Assurance provider or continue in the existing life insurance at SAP.

What are the changes in my life insurance, am I must/am obliged to report to SAP?

You are not obliged to report any changes in your Life Assurance to SAP.

How can I change my life insurance contribution?

Unfortunately you can't change your life insurance contribution.

If I terminate my service with SAP, do I have a continuation option of my life cover?

No, if you terminate with SAP there is no continuation option for your life cover.

I am applying for a mortgage can this policy be used as my Life Assurance policy

No, this policy is an SAP Policy and bank in Ireland will not accept this when applying for a mortgage.