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  • Bobby Gould

Loan Protection and Life Savings Insurance in 2020

1. What does CMutual do for you?

CMutual has been providing Loan Protection and Life Savings Insurance to Credit Unions across the UK for almost 50 years.



2. What Difference do we make to you and your members?

Loan Protection Insurance

  • Protects the Member

  • Protects the Credit Union

  • Protects the Credit Union Community

Life Savings Protection

  • Is an integral part of the Credit Union difference.

  • Provides member’s families with financial support when they need it most.


3. Providing excellent service to you and your members

  • 2,314 claims were paid out.

  • £3,673,734 in claims paid.

  • 58% of Fully submitted claims were paid within 1 day.

  • 74% of Fully submitted claims were paid within 2 days.

*CMutual Claims reporting period: 01/01/2020 - 31/12/20


4. Top 3 causes for claims


  • Pneumonia

  • Cancer

  • Carcinoma



5. Helping you be better

CMutual works closely with our partner Credit Unions to ensure that they have insurances that are fit for purpose. We tailor our insurance programmes to best protect your members and your Credit Union.


If you wish to discuss a Loan Protection and Life Savings insurance programme, or any other insurance queries, for your Credit Union, contact us at: insurance@cmutual.co.uk


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