Coverage & Eligibility

Death Benefit Insurance is provided to qualifying, eligible Members and is subject to terms and conditions - as from 1st May 2021, only those Members whose savings balances were at a minimum of €250 on the Date of Death are eligible to qualify for this insurance.

Most members can be included if:

They have joined the credit union before age 70 in good health or while actively and regularly carrying out their normal occupation or duties and,

They continue to be a member of the credit union and maintain the minimum amount of savings (€250) in their account as required by the credit union for inclusion in DBI.

Once you are included for DBI you will continue to be insured as long as you remain a member of the credit union and a premium is paid each year (this premium is paid by the credit union). This will be the case even if your health. Note the lump sum payable and amount of savings required in your account can change from year to year, so please check with us and keep up to date with our news.