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Member Death Benefit Insurance (MDBI)

Rest Easy with St Dominic Credit Union – provide for your loved ones with one simple step.
However we plan, we don’t always get time to prepare for when we die or lose a loved one – but with St Dominic Credit Union, you can help your loved ones meet the cost of funeral expenses in the event of your untimely death.
Our new Member Death Benefit Insurance (MDBI) Programme provides peace of mind for you and your family in one quick and easy step – with the certainty of a guaranteed payment of €3,250, no medical assessment and an affordable fee that suits your needs and expectations.

The financial support provided by the Member Death Benefit Insurance (MDBI) Programme can help reduce the additional burden of funeral expenses – to help your loved ones feel assured at a most difficult time.

How does it work?
We’ve shopped around to get the best value programme on the market, and because we’re not-for-profit we’re offering extra peace of mind to our members at a fantastic price.

  • Pay €75 once a year per member (This payment is collected hassle-free by St Dominic Credit Union, directly from your Death Benefit Indemnity (DBI) account each year)

  • €3,250 is paid to your family in the event of your death.

The best bits?

  • Benefit fixed at €3,250 – regardless of savings

  • Available to all members*

  • No Medical

  • Cost is only €75 per year – paid annually

 

Important Information you need to know
A pre-existing medical condition limitation applies to this programme, which means that cover is not provided if a member were to die from a pre-existing medical condition during the first six months of their membership of the programme.

Terms & Conditions apply.

* Members must be aged 70 years or under to be eligible to join this scheme
 

Sign Up Today!

 

You can opt- in to the programme by completing the form below or by visiting our branch.

Once you join the Programme you remain a member of the Programme, which auto-renews on an annual basis, until such time as you choose to opt-out of the Programme, or you stop paying the premium or your membership of the Credit Union ceases.

In cases where members have a joint account only one member can enroll in the programme. However, the other member can open a separate account if they wish to opt in.

I wish to opt-in/avail of the Member Death Benefit Insurance (MDBI)Programme as provided by St Dominic Credit Union Limited and arranged by CMutual Services (Ireland) Limited

 

I confirm that:

  • I am a member of St Dominic Credit Union and am eligible to join the Member Death Benefit Programme;

  • I have read and understood the Key Facts and Programme Summary as provided to me;

  • I will undertake to have sufficient funds in my credit union DBI account to pay for the annual premium attaching to the provision of this insurance cover and my inclusion in the Programme;

  • I understand that this is a programme that will auto-renew on an annual basis, and the attaching premium will be deducted from my MDBI account on this basis;

  • I am also aware that the benefits and cost of this programme may be varied annually but I will be informed of any such changes or updates through the Credit Union’s AGM Booklet and from the Credit Union’s website https://stdominicscu.ie;

  • Should I wish to opt-out or cancel my participation in the Member Death Benefit Programme, I will inform St Dominic Credit Union in writing of my decision;

  • My understanding is that my participation in the programme will automatically stop should I cease to be a member of St Dominic Credit Union or if there are insufficient funds in my MDBI account to cover the annual cost of my premium;

  • I understand that the insurer can opt to terminate the Programme and cover at the end of each Programme period

  • The information I have provided to St Dominic Credit Union Ltd. is correct and I provide my consent to this information being shared with CMutual Services (Ireland) Limited and its insurers, for the purposes of my membership of the Member Death Benefit Programme.

  • For members of the Credit Union who choose to ‘opt-in’ to the program, the Credit Union has provided the following periods for enrolment, at pro-rata cost:

    • for members who ‘opt-in’ from January 1st, to March 31st, programme membership will commence on April 1st, with a corresponding cost of 75% of the annual cost payable from the member’s account by the 15th of the first month of cover

    • for members who ‘opt-in’ from April 1st, to June 30th, programme membership will commence on July 1st, with a corresponding cost of 50% of the annual cost payable from the member’s account by the 15th of the first month of cover

    • for members who ‘opt-in’ from July 1st to September 30th, programme membership will commence on October 1st, with a corresponding cost of 25% of the annual cost payable from the member’s account by the 15th of the first month of cover

    • for members who ‘opt-in’ from October 1st to December 31st, programme membership will commence on January 1st of the following year.
       

I confirm that I authorise St Dominic Credit Union Ltd. to deduct the cost of my cover in the Programme (the fee), which I acknowledge may be reviewed and/or changed annually, from my credit union DBI account.

I understand that if there are insufficient funds in my DBI account to pay the annual premium, then my membership in the Member Death Benefit Programme will lapse.

I declare that I am in good health and have been in good health for 6 months prior to joining the programme, and I understand that if I was to die from a pre-existing medical condition within 6 months of purchasing this insurance that a claim may not be honoured.

I understand my rights and consent to my data being processed under GDPR legislation. 

Thanks for submitting!

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