blitz family indemnity plan
TRANSCRIPT
FAMILY INDEMNITY PLAN(FIP)
What is FIP? Insurance for you and your family in the event of
death
An easy, safe & cost-effective way to protect your family in the event of death
How Does FIP Work? Visit the Credit Union office and complete the
application form
Select from six convenient plans
You can insure up to 6 persons including yourself
Pay your first monthly premium
Coverage is effective the first day of the month following enrolment
NO CLAIMS PAID IF THERE IS A DEATH WITHIN THE FIRST 6 MONTHS UNLESS DEATH IS ACCIDENTAL
Who Is Covered? YOU
Your spouse (includes significant other)
Up to 2 parents or parents-in-law or combination of parent & parent-in-law
Your children or those for whom you are a legal guardian
Children must be under age 26 unless they are permanently disabled and were enrolled before age 26
Parents or parents-in-law must be enrolled before age 76
What Are The Plans?Plan Individual
BenefitMthly Premium
Plan A J$80,000 J$422.40
Plan B J$120,000 J$633.60
Plan C J$150,000 J$792.00
Plan D J$250,000 J$1320.00
Plan E J$400,000 J$2,112.00
How Do I Claim?
Bring in the death certificate
Request a Proof of Death form from the Credit Union which should be completed by the doctor who certified the death
Claims must be presented within 2 years of death
How is the Policy Terminated? The Credit Union terminates their participation in the
programme
The insurers terminate the Credit Union’s participation in the programme
The Credit Union fails to remit premium in accordance with the Grace Period Provision
The member withdraws from the Plan
The member ceases to be a member of the Credit Union
The member’s premium payments are over 31 days overdue
Unmarried living children and dependent children under legal guardianship of the member have reached age of 26 years
Grace Period Grace period is 31 days
If the premium is not paid on or before the due date, it may be paid during the 31 days following the due date.
During Grace Period insurance will remain in force as long as it is paid within this period
Grace Period does not apply if policy terminated by member or insurer
Duplication of Coverage IN NO EVENT MAY AN INSURED PERSON BE
INSURED THROUGH MORE THAN ONE FIP MEMBER CERTIFICATE
DO YOU HAVE A FAMILY
INDEMNITY PLAN?