The main purpose of Member Death Benefit Indemnity (MDBI) is to provide basic life cover to Credit Union members at an affordable price. It is an additional service designed to lighten the financial burden of bereavement.
For just over €2 a week, or €108 per year, a sum of €3,500 will be paid to provide additional support for the bereavement costs. T&Cs apply and can be found here.