The main purpose of Member Death Benefit Insurance (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
Peace of mind for you and your loved ones
A sum of €3,250 will be paid to provide additional support for the bereavement costs. Payment will normally be made directly to the Funeral Undertaker or to the person who can provide evidence that they have paid the funeral expenses.
From the 1st January 2021, the cost is €60 per annum, which is only €5 per month – a small price to pay to give you and your loved ones added peace of mind.
You can join the programme if you:
Are between the age of 16 and 71 years
Continue to be a member of the Credit Union
Are, or were, covered by your Credit Union’s Life Savings Insurance Programme and opted to join this programme prior to one of the pre-agreed enrolment periods
To join simply download our MDBI form, fill it in and return to any of our offices.