Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

That is not quite it. Changes were made in a previous Finance Bill which removed the tax break below a certain threshold and in doing that it caught children under 18 years. Now there are policies on offer. Effectively we want the child exemption to apply to children, as defined now, between 18 and 21 years. It is a concession to bring tax practice into line with the types of insurance policies that are now being offered. There is not a large amount of money involved. It is negligible.