Why choose repayment protection insurance?

  • Accidents occur, illness can strike you down and, in today’s economic climate redundancies can seriously affect your income.

  • As a response to these perils your credit union has a valuable product especially for you.

  • Repayment Protection Insurance is an optional policy which meets member’s loan repayments in the event that they are forced out of work by Accident, Sickness or Involuntary Unemployment.

  • The maximum monthly benefit payable under the policy is your loan repayment or €2,000 whichever is the lesser.

  • The benefit is payable up to a maximum of 24 Months for Incapacity benefit or 12 Months for Involuntary unemployment.

  • If you are diagnosed with specified Critical Illness a payment may be made under the policy.

  • For full details on the terms and conditions of coverage please contact your credit union. Please note not all credit unions offer this service.