Member Death Benefit Indemnity

• A fixed €3,500 payment when a member covered by the programme dies
• Guaranteed acceptance for eligible members – no medicals required
• Cover designed to help with funeral and related costs

You can join the Member Death Benefit Indemnity programme if you:

For an annual cost of €84, the programme offers:

• A lump sum benefit of €3,500, subject to terms and conditions
• No medical questions
• Optional participation
• Annual cover, not whole of life cover
• Cover renewed annually, subject to programme renewal

• The death benefit payable is a fixed sum of €3,500
• The benefit is paid to the Credit Union and then credited to the member’s account

• The programme runs on an annual basis
• The cost of the cover is paid once per year and is deducted directly from your credit union share account
• Your credit union pays the insurer on your behalf

• The programme operates on a calendar year basis (1 January to 31 December)
• This new programme started on 1 July 2026

Entry into the programme will be automatically renewed each year on 1st January, provided the member has a minimum share balance of €380.

• You will receive a refund of any unused portion of the annual fee
• The programme has no cash or surrender value

• This is not a savings product and does not build up a balance
• The programme provides cover only while you are an eligible member and fees are fully paid
• Certain exclusions apply, including death as a result of war, certain illnesses in the first 6 months, suicide within the first 12 months, or criminal activity