Death Benefit Insurance (DBI) Premium

pudds

Registered User
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I'm with Waterford c.u. and normally the yearly premium, is approx €15-€18 once you have a minimum of €200 in savings at agm time.

I have about €400 this year.

On my statement there is no deduction for DBI
There is a debit for €2.05 under DBR (what does the R stand for here)

On querying this, below is the reply I got back

DBR (Death Benefit) of EUR2.05, Waterford Credit Union pays the balance of the Death Benefit rider.

Does that mean they are now subsidising the small premium.
 
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