Insurance
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 | $132.00 | $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
GROUP MEDICAL & LIFE
Health Plan Up To Age 65
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Vision
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Dental
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Medical
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Major Medical
Life Plan
- $50, 000 Life coverage up to age 65
- $25,000 life coverage between ages 65 and 70
- $50, 000 Accidental Death & Dismemberment up to age 65
Options:
| Options | Monthly Premium | |
| Active | Retiree | |
| single | $112.88 | $102.38 |
| single & One Dependent | $187.43 | $181.13 |
| Family | $289.28 | $277.80 |
To learn more, click here
Administered by: Guardian Life and Health Insurance
