The Family Indemnity Plan

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The Family Indemnity Plan

The Bank Employees’ Credit Union Co-operative Society Limited offers the Family Indemnity Plan (FIP) to our Members in association with CUNA Caribbean Insurance Society Limited. Access to the FIP Plan is an exclusive benefit of Membership, it is therefore only available to “Active” Members who are saving regularly.

The Family Indemnity Plan provides a cash benefit for funeral expenses for you and your family. When you enroll in the Family Indemnity Plan, you pay one rate that covers up to six (6) persons (the member, members’ spouse or significant other, children between 1-25, parents under age 76). You do not need to do any medical examination or answer medical questions. The Family Indemnity Plan has a Six-month Waiting Period during which time a benefit is paid only if death occurs by accident.

PLAN A PLAN B PLAN C PLAN D PLAN E PLAN F PLAN G       
$10,000 $15,000 $20,000 $30,000 $40,000 $65,000.00 $100,000.00
$52.80 monthly $79.20 monthly $105.60 monthly $158.40 monthly $211.20 monthly $343.20 monthly $528.00 monthly

Monthly payments for this affordable coverage can be made through salary deductions or standing orders.

Enrolling is easy. Simply download the online enrolment form, print it and bring or send it to the Society’s Office together with the first monthly premium. Monthly payments for this affordable coverage can be made through salary deductions or standing orders payable to Bank Employees’ Credit Union Co-operative Society Limited.

All insured members who have completed the 6 months waiting period and are paid up – to – date can now upgrade without any waiting period. This offer is valid for approved upgrades dated May 01-June 30, 2018. Please note that a member is only allowed one upgrade every 12 months.

NB: This information is descriptive only, and the terms and conditions of the actual contract shall be controlling in all cases.

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