DBI

Death Benefit Insurance

All eligible members of Elevate Credit Union can apply for insurance covered under our Death Benefit Insurance Policy. This means in the event of your death, a lump sum of €1,000 will be paid to your family to help with the cost of funeral expenses, thereby easing the financial burden of bereavement. Should your account becomes dormant you may not be eligible for certain benefits such as death benefit insurance.

Eligibility for Death Benefit Insurance
  • You are a member of Elevate Credit Union
  • Only adult members are eligible (18+)
  • You joined before the age of 70
  • You have a minimum of €100 in your account at the date of death
  • Your account must be active
What is Death Benefit Insurance?

Your savings attracts €1,000 and is payable in the event of your death.

The annual premium is paid by Elevate Credit Union at the moment as a member benefit.

The Board of Directors of Elevate Credit Union Ltd reserves the right to charge for this benefit in the future.

How to Claim This Insurance

Next of Kin must contact Elevate Credit Union, to inform us of the death.

Once you have the following items, please contact us to arrange an appointment to speak to a dedicated member of staff:

  • Original Death Certificate
  • Member's Elevate Credit Union Member Book
  • Funeral Director's Bill
How long does it take to complete the claim?

Each claim is different. Once all the documents have been provided, the process takes in the region of 6 weeks. Once we are in receipt of the insurance, we will contact the relevant nominated party/parties.

For further information please contact Elevate Credit Union on 021 489 4555 or info@elevatecu.ie