Life Savings Insurance

With life savings insurance your dependants will receive a financial sum in the event of your death, up to a maximum amount of €5,000 per member. The amount they receive will depend on your age and how much you have saved with your credit union over the years. 

Life savings insurance is paid for by your credit union. There is no additional cost to you. This is subject to certain terms and conditions; for example eligibility only applies to those who joined the credit union prior to their 70th birthday.

Provided the member meets eligibility conditions savings up to €5,000 are insured in the following way, provided that those savings are not subsequently withdrawn:

  • Savings lodged up to 54 years of age, increased by 100%
  • Savings lodged between 55 and 59 years of age, increased by 75%
  • Savings lodged between 60 and 64 years of age, increased by 50%
  • Savings lodged between 65 and 69 years of age, increased by 25%