What is the Cooperative Insurance?
Generally, Cooperative Credit Unions subscribe to an insurance cover for all their borrowers and savers.

We have designed a standard policy for all Credit Unions, at a competitive rate and also with the possibility for them to earn a commission.

What benefits does it provide?

On natural death of a member

• The capital loan outstanding in the name of the member is paid to the Credit Union
  
  
• An amount equivalent to the shares or savings balance of the member is paid to his legal beneficiaries

On death of a member following accident

• The capital loan outstanding in the name of the member is paid to the Credit Union
  
  
• An amount equivalent to twice the shares or savings balance of the member is paid to his legal beneficiaries

On total permanent disability of a member

• The capital loan outstanding in the name of the member is paid to the Credit Union
  
  
• An amount equivalent to shares or savings balance of the member is paid to his legal beneficiaries