Dear Valued Member,
We wish to advise you of upcoming changes to your Family Indemnity Plan (FIP), effective June 1, 2025. CUNA Caribbean Insurance Society Limited has implemented revised premium rates and has enhanced the plan to include additional benefits as shown below.
Rate Adjustment and – effective June 1, 2025.
| Plan | Coverage | Current Premium | New Premium |
| A | $10,000 | $52.80 | $63.40 |
| B | $15,000 | $79.20 | $95.10 |
| C | $20,000 | $105.60 | $126.80 |
| D | $30,000 | $158.40 | $190.20 |
| E | $40,000 | $211.20 | $253.60 |
| F | $65,000 | $343.20 | $412.10 |
| G | $100,000 | $528.00 | $634.00 |
Additional Benefits for the Family Indemnity Plan
- Terminal Illness Benefit: If an Insured Member or Person is diagnosed with a terminal illness and has less than six (6) months to live, they can receive their full Plan Benefit while still alive.
- Accidental Death Benefit: If the Insured Member dies due to an Accident, the Plan will pay double the Coverage amount.
- Coverage for More Children: The Plan now covers up to five (5) children. Expanded coverage will extend to children who financially depend on the Insured Member, whether they are biological, adopted, or otherwise.
This therefore means that the Plan will now cover up to nine (9) family members.
Additional Benefits for the Critical Illness Rider
Additionally, you can choose from greater coverage options with their optional, expanded Critical Illness Rider, still at the same premium rates*:
- The Insured Member may now choose from six (6) coverage levels, with benefits up to $600,000.
- Critical Illness protection has been increased from five (5) to ten (10) critical illnesses – Cancer, Heart Attack, Stroke, Major Burns, Coma, Coronary Artery Bypass (new), Alzheimer’s Disease (new), Deafness (new), Loss of Speech (new), and Multiple Sclerosis (new).
* Conditions and waiting periods apply
To ensure uninterrupted coverage, members must update their payment methods (salary deductions, standing orders etc.) by May 30, 2025.
