As part of your Dubco Ireland Credit Union membership, you may be automatically covered by Life Savings Insurance – a free benefit designed to offer added peace of mind. This cover provides a lump sum payment to your nominated beneficiary in the event of your death, based on your savings history and age at the time of lodgement.
How Life Savings Insurance Works
The amount payable is linked to the value of your savings (shares) and your age when the savings were lodged. The maximum insurance benefit is €13,000, and coverage is applied as follows:
| Age When Savings Are Lodged | Level of Cover |
|---|---|
| 0 – 6 months | 25% of savings |
| 6 months – 54 years | 100% of savings |
| 55 – 59 years | 75% of savings |
| 60 – 64 years | 50% of savings |
| 65 – 69 years | 25% of savings |
Important: Once earned, the insurance cover remains in place as long as the corresponding savings are not withdrawn.
No Application Required. Eligible members are automatically enrolled in this insurance at no additional cost.
Terms & Conditions
Life Savings Insurance is subject to eligibility criteria and terms and conditions. For full details or to check your eligibility, please contact our team.
Call us: 01 887 0400
Email: info@dubcoireland.ie
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