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.
The information in this article was current at 02 Dec 2011