Information for members on our Insurance Cover
Credit Union Insurance (CUI) Cover
Your Credit Union provides you a free insurance cover (death only) which covers up to a maximum $5000-00 of your shareholding and up to a $20,000-00 loan. This can be a very welcome cover for your loved ones at a most difficult time for them.
Loan Protection Cover
This is an optional cover offered to any member borrowing from the Credit Union. It covers Death and Disability or Death, Disability and Redundancy. Premiums are calculated on the amount and term of the loan and underwritten by Vero Insurance.