Income protection, critical illness cover and life assurance cover have been combined in a single insurance package for the Irish motor trade in a joint initiative between the Friends First financial services group and Coyle Hamilton employee benefits consultants.

The customised package, Protection Provider, has been developed for the Society of the Irish Motor Industry. It is available to members of the society and their employees, a group of 50,000 people.

Society members will contribute to the scheme, which will make it more attractive to participating employees. Members of the scheme will receive a regular income if they are unable to work due to long-term illness or injury.

The life assurance and critical illness elements allow policyholders to provide lump sums to their dependants in the event of critical illness and death.