Protecting your prosperity

Members' Shares and deposits up to a maximum of $30,000.00 are covered by Life Savings insurance.
As an added benefit of membership Eastern Credit Union underwrites the cost of the Life Savings insurance coverage.

Loan Protection insurance refers to the credit insurance element of the insurance coverage.
All loans up to a maximum of $300,000 are covered.
The cost of the Loan Protection Insurance is borne by the Member at the time a loan is granted.

The Family Indemnity Plan is a group life insurance coverage that provides cash benefit in the event of the death of an insured person. It is designed to cover the final expenses of Credit Union members and their eligible family members.

Eligible family members include:

  • The Member
  • The Member's spouse or "significant other"
  • The Member's parents or the parents of the Member's spouse or "significant other" who have not reached 76
  • The Member's dependent children aged 1-25. Children who are permanently disabled are covered for the duration of their life once they are enrolled before age 26.

The advantages of the Family Indemnity Plan include:

  • No medical examinations are required
  • Lifetime Insurance Coverage
  • Claim payments are made within 48 hours of receipt of the claim

There is a 6 month waiting period before the plan is approved. If anyone dies during the waiting period, claims would not be received, unless the death was an accidental one.

The FIP Plan allows you 2 years to make claims, however, CUNA will not compensate you if you die as a result of criminal activities.

Eastern provides this benefit to our Members in collaboration with CUNA Caribbean Insurance Society Limited, an insurer that provides products and services designed exclusively for credit union Members.

Talk to your relatives and friends about the plan every home should have.

Choose the option that best suits you.

Premium

Monthly

Benefit

PLAN A

$52.80 monthly

$10,000

PLAN B

$79.20 monthly

$15,000

PLAN C 

$105.60 monthly

$20,000

PLAN D

$158.40 monthly

$30,000

PLAN E

$211.20 monthly

$40,000

PLAN F

$343.20 monthly

$65,000

PLAN G

$528.00 monthly 

$100,000

 

To find out how the Family Indemnity Plan can help you and your loved ones when you need it the most, talk to your Credit Union representative or contact CUNA Caribbean at 628-CUNA (2862).

As agents for COLFIRE, Eastern Credit Union offers Members discounts of 15% on any Motor Vehicle Insurance policy in addition to any three (3) other discounts to which any individual may be entitled.
Proof of Membership is the only requirement for Members to enjoy this benefit.

Life Savings Plus Insurance

For more information on Life Savings Plus Insurance, visit any of our nine (9) Branches or talk to a Call Centre Representative at 800-4ECU (4328) or LOAN (5626)