Free Life Savings Insurance

Life Savings insurance is a life assurance benefit which is based on the amount of savings made and retained during a member’s lifetime. Once earned the cover remains in force, as long as the savings are not withdrawn.


The amount of benefit to which a member is entitled is in proportion to the amount of savings a member has and depends on the member's age at the date of lodgement. A member is entitled to this cover if when he/she saves the member is under 70 years of age and actively at work or, if not working, in good health. The maximum benefit payable is €10,200.