We’ve partnered with Specialist Insurance Brokers Limited (SIBL) to provide you with a health insurance solution designed with you in mind.
RHAND Group Health Plan
Select one of the options below to view available benefits:
How does a person
enroll in the Plan?
First you must be a credit union member in order to enroll onto the Plan. To enroll, you must provide:
- Completed GHP Enrollment Form
- Completed GHP Statement
- Completed Checkup Questionnaire (where applicable)
- 1 form of valid Identification.
- Proof of relationship for eligible family members (marriage certificate, birth certificate
- Common Law spouse: Common Law Certificate
- Group Health Statement: Dependents 15 & over | Dependents under 15
- Dependent child over 19: student letter required for child completing school; medical report for special needs child
- Dependent child 2 years & under: Pediatrician report
- Two months premium (amount based on coverage).
The Family Indemnity Plan for
Credit Union Members
How does the plan work?
When there is a death in the family, the Family Indemnity Plan (FIP) will pay cash benefit to cover the funeral cost for you and up to five (5) eligible family members.
These may include a combination of the member’s spouse or significant other, any combination of up to two persons from the member’s parents or parents in-law (all of whom must be enrolled before age seventy-six), or the member’s children (including dependent children under legal guardianship of the member), who are not married and are age one (1) through twenty-five (25).
Children who are disabled are covered for the duration of their lives once they are enrolled before age twenty-six (26).
Advantages of the Family Indemnity Plan
- No Medical Examinations or questions
- Lifetime Insurance Coverage
- Payments for claims are made within two (2) working days
How does a person
enroll in the Plan?
First he/she must be a credit union member in order to enroll onto the Plan. The steps are as follows:
- Fill out an Enrollment Form at the credit union.
- Provide one form of valid Identification.
- Provide proof of address (utility bill no older than 3 months).
- Provide proof of relationship to eligible family members (marriage certificate, birth certificate).
- Pay two month’s premium.
Coverage is effective the first of the month following enrollment. There is however a six-month waiting period during which only claims arising from accidental death will be paid.
Contact the Credit Union Today, for more information!
| Type Of Plan | Monthly Premiums | Death Benefits Payable |
|---|---|---|
| Plan A | $63.40 | $10,000.00 |
| Plan B | $95.10 | $15,000.00 |
| Plan C | $126.80 | $20,000.00 |
| Plan D | $190.20 | $30,000.00 |
| Plan E | $253.60 | $40.000.00 |
| Plan F | $412.10 | $65,000.00 |
| Plan G | $634.00 | $100,000.00 |
Payment Protector
In life the unexpected happens…
It may be a sudden illness or an unfortunate accident. These circumstances may affect your
ability to work – which in turn may adversely affect a number of financial matters.
RHAND Credit Union has something to protect you -
THE PAYMENT PROTECTOR PLAN
What is Payment Protector?
It is a temporary disability insurance provided by the Credit Union. If you are unable to work due to temporary sickness or any injury, Payment Protector provides a benefit which covers your regular monthly payments to the Credit Union. These payments include:
- Loan installments
- Credit to Shares and Deposit accounts
- Insurance premiums – e.g. Family Indemnity Plan (FIP)
All this is paid for you – up to a maximum of two (2) years.
Who Qualifies?
Payment Protector is available only to Credit Union members who have a loan(s). Additionally members must be between the ages of eighteen (18) and sixty-five (65) years. If you are unemployed at the time of signing up, you can still get coverage!
How does a member access this service?
Simple! Your loans officer at the Credit Union will help you to complete an enrollment form, and calculates the necessary premium which is included in your loan installment. You will then receive a certificate which highlights the details of the plan.
When the unfortunate happens, your focus should be on getting back on
your feet, not financial matters.
Let Payment Protector take care of you!
Experience the RHAND Credit Union difference with excellent options tailored for every stage of your life, the conveniences you expect, and local, personalized service.
