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LP/LS - Loan Protection/Life Savings

One of the many benefits of being a member of the St. Lucia Teachers' Credit Co-operative Ltd. is insurance coverage of your shares and loans in the society. Members between the ages of 16 and 55 years enjoy 100% coverage on their shares up to $8,100.00 which their beneficiaries may receive upon the death of the member. Loans are covered up to $50,000 before age 70.



Family Indemnity Plan - FIP

FIP is a group life insurance that provides a level cash benefit in the event of death of an Insured Person. It is designed to cover the funeral expense of credit union members and their eligible family members. To accomplish this, clean claims are paid within two working days. The FIP provides for a total of up to six (6) eligible family members including applicant to be insured at any one time. There are four coverage options from which the member may choose.

For further details on the FIP and LP/LS, click on link here: http://cunacaribbean.com/oecs-products/

Coverage Options

Option Monthly Premium Benefit per member
Plan A $26.40 $5,000.00
Plan B $39.60 $7,500.00
Plan C $52.80 $10,000.00
Plan D $79.20 $15,000.00
Plan E $105.60 $20,000.00
Plan F $132.20 $25,000.00
Plan G $158.40 $30,000.00

Administered by: CUNA Caribbean Insurance Society Ltd. In addition, the St. Lucia Teacher's Credit Union has an arrangement  with Rambally's Funeral Parlour from which insured members recieve a 10% discount on funeral arrangements.

The Family Indemnity Plan: Critical Illness Rider

Pushing your limits brings out the best in you and helps you overcome adversity. If that adversity happens to be a serious illness then you could receive an additional benefit of up to $30,000 to help you keep going.1 It’s for all who never give up!

To learn more, click here


Health Plan Up To Age 65

Life Plan


Options Monthly Premium  
  Active Retiree (70+)
single $103.50 $80.00
single & One Dependent $171.50  $148.00
Family  $263.50 $240.00


To learn more, click here

Administered by: Guardian Life and Health Insurance