Insurance
Insurance
Killarney Credit Union offers a range of member insurance products as well as discounts with our insurance partners
Life Savings Insurance
Life Savings Insurance is cover that is payable on the death of the eligible member. The insurance benefit payable will be in proportion to the amount of savings that a member has made. Savings are topped up to a maximum €3,000 on the death of the member.
The benefit is also dependent on the member’s age at the date that lodgements or withdrawals are made to the account.
Any amount saved after the members 70th birthday is not insured. However, cover built up before the 70th birthday remains in force after the 70th birthday. Withdrawals of savings can affect Life Savings cover as any claim is based on the lowest share balance after the age of 55.
Loan Protection Insurance
The outstanding loan balances of eligible members are automatically insured at no direct cost to the member on their death. Members can take out a credit union loan in the full
confidence that their dependents will not have to repay the loan on death or total and permanent disability (subject to terms and conditions).
Killarney Credit Union covers loans for members until they reach their 85th birthday. Both members are covered on a joint account. T's & C's apply. Both members must sign the credit agreement. Both members must complete and sign a separate ECCU Declaration form (new) when appropriate.
Total Permanent Disability cover for members aged over 70 is €40,000. If a member has a loan in excess of €40,000 at age 70,cover will still reduce to €40,000. The disability must commence before the 60th birthday.
All insurance policies are subject to terms and conditions.
Loan Protection Insurance repays the loan balance of the loan in the event of a member’s death. Cover is available for those in good health or carrying out normal duties at the time the loan is granted. Members can take out a credit union loan in the full confidence that their dependents will not have to pay the loan on death.
Insurance Affinity Partners
Killarney Credit Union works with a number of partners in offering members a range of credit union insurance products. These include car, home, travel, health insurance products.
Looking for Car or Home Insurance?
AXA have deals on car and home insurance for credit union members. With our 24/7 Emergency Home Assistance and claims helpline, we’re always here to help. If you are looking for a Car or Home quote, complete AXA’s call back request form now and AXA will contact you for a quote. Click the link for details: https://www.axa.ie/promotions/cu/ or please call AXA on 0818 336 339 - remember to mention Killarney Credit Union and scheme code 604.
Or drop into your local AXA branch, 6 Denny Street, Tralee, email axa.tralee@axa.ie. Remember to mention Killarney Credit Union and scheme code 604. We look forward to hearing from you.
VHI offer member discounts for group schemes. Call 1850-211558.
Other Services
Killarney Credit Union has a range of additional services which members can avail of, both in-branch and online. If you have any queries at all please contact us, we're here to help.
