Life Savings Insurance
Give yourself peace of mind
Life Savings Insurance is the life insurance cover the Credit Union provides for its eligible members as an additional incentive for them to save regularly.
First Tech also provides life savings insurance at no additional cost to our members. The insurance benefit paid is based on a number of criteria and the amount payable on death ranges from €1,500 to €8,000. To avail of this insurance members must retain a minimum balance on their share account of €250 and have joined the credit union prior to their 71st birthday.
| If the member’s attained age on the date of death was | The amount of benefit is equal to |
| 0-6 months | 25% of the insured balance |
| 6 months to 54 years | 100% of the insured balance |
| 55 years to 59 years | 75% of the insured balance |
| 60 years to 64 years | 50% of the insured balance |
| 65 years or older | 25% of the insured balance |
*Only the first named party to a joint account is covered for insurance purpose. Other Terms and Conditions apply.
Not a Member? No Problem...
To become a member of First Tech, you must work in the ICT (Information & Communications Technology) sector or be a direct family relation of another person who is currently a member of the credit union.
