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Irish Life buys out Aviva Health and GloHealth; what does this mean for you?

With the biggest news in health insurance being Irish Life’s buyout of Aviva Health and GloHealth, now is a great time to review your health cover.

 

Much has been made in the media of the potential for a price war as Irish Life works hard to establish its position in the market. With innovation and value being among the insurer’s key tenets, the company is pursuing the ideal of becoming the health insurer of choice for Irish consumers.

 

Irish Life is owned by Canada’s Great-West Lifeco, and is one of the world’s biggest financial services providers. It is the leading provider of life cover, pensions and investments in Ireland.

 

It previously held a 45% stake in GloHealth before taking full ownership of the health insurer in 2016.

 

Its purchase of Aviva Health, which was previously 70% owned by Aviva and 30% owned by AIB, takes health insurance providers in Ireland from 4 to 3, with Irish Life sitting in third position behind VHI (1) and Laya Health (2).

 

With Irish Life now getting ready to make a big impact on Ireland’s health insurance market, there’s no better time to review your health insurance package and take stock of your needs. For a free health insurance review, get in touch with a Hennelly Finance advisor on 091 670 123.