Savings insurance

Added peace of mind for you and your loved ones.

Capital Credit Union, like all Credit Unions, exists for the benefit of its members.  One of the unique benefits of being a member of the credit union is the free life savings and loan protection insurance offered. 

In terms of life savings insurance, the following is a summary of the cover currently provided:

Members are covered by our life savings insurance up until the day of their 80th birthday. 

The amount of cover provided (subject to a maximum individual member limit of £3,000) is based on the age of the member at the time of their death and their savings balance. 

Current cover rates:    
Age at death % of savings covered Maximum cover provided
16 to 64 100% £3,000
65 to 79 25% £3,000

Six month pre-existing condition limitations are in place and no cover is provided from the day of the member’s 80th birthday.

Please note:
Savings insurance cover is not guaranteed and may be subject to change as market conditions and circumstances dictate.  For more information on the cover and the terms and conditions and exclusions in place at any time, please contact the Capital Credit Union office.