At Dubco Ireland Credit Union, we offer Loan Protection Insurance to eligible members at no direct cost. This means that if a member passes away, their outstanding loan balance may be cleared, subject to certain conditions.

Who’s Covered?

Loan protection applies in full to members who are:

• Working (including unemployed but capable of working)
• Homemakers (actively managing household duties)
• Retired (provided retirement wasn’t due to ill health)

If a member does not fall into one of these categories, cover is limited to €5,000.

Cover Limits

• Up to €75,000 per member (up to age 69)
• Up to €30,000 for members aged 70–79
• Cover ends at age 80

Medical Condition Limitation

If a member dies within six months of taking out a loan and had been diagnosed or treated for a medical condition in the six months prior to drawdown, the loan may not be covered but only if the death results from that condition and applies to the loan amount drawn during that period.