This insurance provides €3,250 on death towards the funeral expenses of any member who joined the Credit Union before the age of 70 and who is still a member at the time of death. Payment will normally be made directly to the Funeral Undertaker or to a family member who can provide evidence that they have paid the funeral expenses.
The premium is paid by the Credit Union and is not charged to individual members. To qualify for DBI you must have joined before the age of 70 and have a minimum balance of €200 in your shares (for Adults). From renewal of the policy in December 2013 the qualifying shares (minimum balance in the 12 months up to and including the date of death) for adult members only will be increased to €200.