Insurance

PSCU Comprehensive Major Medical Plan

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In an effort to meet your medical needs PSCU in conjunction with Sagicor Life Inc, offers you our comprehensive major medical plan. This plan covers your major medical expenses such as dental, vision, accidental death and dismemberment and preventative care benefits for you and your immediate family.

Effective February 1st 2016 premiums have increased for the Group Comprehensive Medical & Group Life Plans.

This plan offers you coverage for:

Active Members Ages 18 -59 years
Group Monthly Premium Rate (TT)
Single $290.87
Member +1 $535.03
Family $724.87
Retirees Ages 59 - 99 years
Group Monthly Premium Rate (TT)
Single $477.00
Member +1 $901.80
Requirements for Active Members
  • Approved membership (at least three months)
  • Must be 18 to 59 to enrol
  • Complete PSCU Health Plan Enrolment Form and Group Health Statement (G.H.S) Form
  • Two advance payments of the selected group
  • Supporting documents for enrolment of dependents (i.e. Electronic Birth Certificate, Electronic Marriage Certificate, Common-Law Spouse Certificate – provided at PSCU, Reports, etc.)
Requirements for Retirees
  • Must be on the Active Plan for no less than Two (2) years prior
Benefits of Medical Plan
  • Covers major medical expenses (Surgeries)
  • Covers medical expenses (Doctor visits)
  • Covers preventative care
  • Coverage locally and internationally
  • Online Claims settlement at listed providers using your CariCare card
  • 24 hour emergency call support using your CariCare card
  • Maximum benefit for Active members of $300,000.00 (TT) over a three (3) year renewable period
  • Maximum benefit for Retiree of $300,000.00 (TT) for your lifetime.

CUNA Family Indemnity Plan (F.I.P.)

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In an attempt to assist with financial support and comfort to you, PSCU in conjunction with CUNA Mutual Group providing cash benefit to be used to cover funeral costs for yourself and eligible family members.

This plan offers you coverage for:

F.I.P PLANSPREMIUM (TT)BENEFIT (TT)
Plan A $52.80 monthly $10,000
Plan B $79.20 monthly $15,000
Plan C $105.60 monthly $20,000
Plan D $158.40 monthly $30,000
Plan E $211.20 monthly $40,000
Registration Requirements for F.I.P
  • Approved membership
  • Cannot be covered at another Credit Union
  • Must be 18 to 76 to enroll
  • Children must be between the ages 1 to 26 for coverage
  • Complete F.I.P Enrolment Form
  • Two advance payments of the selected group
  • Supporting documents for enrolment of dependents (i.e. Electronic Birth Certificate etc.)
Requirements for claiming F.I.P Benefit
  • National ID for claimant
  • National ID for deceased
  • Electronic Death Certificate
Benefits of F.I.P
  • No medical questions
  • One monthly premium covers up to six (6) family members (including any two persons you choose from your parents or parents in law)
  • Full benefit is paid (per person) every time a claim is made
  • Payments for claims are made in two (2) days
  • Lifetime insurance coverage

CUNA Payment Protector (P.P.)

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In an attempt to assist with financial support in sickness or injury, PSCU in conjunction with CUNA Mutual Group provides a temporary sickness and disability benefit that covers regularly monthly payments to your Credit Union for up two (2) years if or when you are unable to work.

This plan offers you coverage for:

  • Loan Instalments
  • Insurance Premiums(health plan and family indemnity Plan)
  • Savings to shares or Ordinary deposits
  • Utility Bills
Requirements for P.P.
  • Approved membership
  • A loan with our Credit Union
  • Pay monthly premiums along with loan instalments
  • Must be between the ages 18 to 65 years
  • Must be unable to work
  • Complete P.P. Enrolment Form
Benefits of P.P
  • Monthly Credit Union Payments for two (2) years
  • You are awarded a certificate detailing your plan
  • You can apply for the plan even though you are unemployed

CUNA Loan Protection- Life Saving (L.P\L.S)

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In an attempt to give your family a stronger financial future PSCU in conjunction with CUNA Mutual Group provides life insurance for your beneficiary based on your credit union share account.

Requirements for L.P\L.S
  • Approved membership
  • You must have a share account balance
Benefits of P.P
  • Your family can receive up to double value of your savings or shares which is dependent on its value
  • Your savings are insured against Death, Accident or Dismemberment
  • Approval is automatic and is at no cost to you the Credit Union member
  • Your beneficiary can gain an additional benefit of an extra monthly income of $2,000.00 (TT) for twelve (12) months in the event of your passing
  • You are eligible for Accidental Death and Dismemberment (AD&D) benefits
  • Maximum Share benefit of $25,000.00 (TT)
  • Maximum loan benefits of $100,000.00 (TT)
  • A loan protection coverage for your loans up to 69 years