Life Savings Insurance

Life Savings Insurance is payable on the death of the eligible Member, subject to policy terms and conditions, including:

• The benefit payable will be in proportion to the amount of savings that a Member has made during their term of membership
  
• The benefit is dependent on the Member’s age at the date lodgements were made to the account
  
• Amounts saved after the 70th birthday are 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 and any withdrawals are considered as from “last-in” deposits
  

This insurance is provided to qualifying, eligible members and is subject to terms and conditions; with effect from 1st May 2021, it is applicable on savings up to a maximum of €7,700.