Death Benefit Insurance
Death Benefit Insurance (DBI) is designed to lighten the financial burden of bereavement. During the life of the insured party, it gives the family added security and reduces worries about the future.
1. Is there a charge for this insurance?
Death Benefit Insurance is paid for by BCU. There is no direct cost to the Member.
2. How does it work?
The insurance benefit payable is €1,300 on bereavement of eligible members.
3. Am I eligible?
Members are entitled to Death Benefit Insurance cover provided they:
- join before the age of 70,
- are actively at work, or if not working, are in good health at time of joining and
- have a minimum balance of €100 in their Share Account.