One of the newest additions to RHAND’s line of products and services -The Comprehensive Major Medical Plan
Advantages:
Click Here for Additional Information on the Sagicor CariCare Card and its Participating Providers.
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).
First he/she must be a credit union member in order to enroll onto the Plan. The steps are as follows.
It is a simple process, which requires that the member fill out an enrollment form at the credit union, along with ID, a proof of address (utility bill no older than 3 months), proof of relationship of eligible family members (marriage certificate, birth certificate), and the first 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 | $52.80 | $10,000.00 |
| Plan B | $79.20 | $15,000.00 |
| Plan C | $105.60 | $20,000.00 |
| Plan D | $158.40 | $30,000.00 |
| Plan E | $211.20 | $40.000.00 |
| Plan F | $343.20 | $65,000.00 |
| Plan G | $528.00 | $100,000.00 |
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.
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:
All this is paid for you – up to a maximum of two (2) years.
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!
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.
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.
