Life Savings Insurance
This is a free life insurance cover provided by Lisduggan Credit Union to all eligible members as an additional incentive to save regularly and maintain savings with the Credit Union.
How Does Life Savings Insurance Work?
The amount of insurance benefit which an insurable member is entitled to is in direct proportion to their savings and their age. Once earned the insurance remains in force as long as you leave your savings with the credit union. Withdrawals may affect the amount payable.
|AGE AT DEPOSIT||AMOUNT SAVED||SAVINGS INSURANCE COVER|
|6mths to 54 yrs||Every €1 saved||You get €1.00 cover per €1 saved|
|55 to 59 yrs||Every €1 saved||You get €0.75 cover per €1 saved|
|60 to 64 yrs||Every €1 saved||You get €0.50 cover per €1 saved|
|65 to 70 yrs||Every €1 saved||You get €0.25 cover per €1 saved|