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