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Brief on the Insurance schemes available to Other Ranks in the Defence Forces .

Brief on the Insurance schemes available to Other Ranks in the Defence Forces . . CAFNBO/CAFNBO SPOUSE. Cumann Arachais Fear Na Buan Oglaigh (CAFNBO). A registered Friendly Society for members of the Defence Forces & their Spouses.

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Brief on the Insurance schemes available to Other Ranks in the Defence Forces .

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  1. Brief on the Insurance schemes available to Other Ranks in the Defence Forces.

  2. CAFNBO/CAFNBO SPOUSE • Cumann Arachais Fear Na Buan Oglaigh (CAFNBO). • A registered Friendly Society for members of the Defence Forces & their Spouses. • Membership is NOT compulsory. Application for membership is required.

  3. GANBO/GACBO • GANBO Grupa Arachais Fear Na Buan Oglaigh. A Group Insurance for members of CAFNBO underwritten by the Friends First Assurance Company • GACBO A Group Life Insurance for Spouses of GANBO Members.

  4. CAFNBO Distress Fund • CAFNBO Distress Fund is a Fund setup to assist members of CAFNBO who find themselves in financial situations which the could not have foreseen. • CAFNBO members who are contributing to the fund may apply to the fund for assistance. • Subscriptions are 25c per week and are non refundable.

  5. CAFNBO/CAFNBO SPOUSEBenefits/Subscriptions • CAFNBO pay a Death Benefit of €19,046 on the death of a Member and Spouse Member. • Subscriptions are €1.72 per week for members and €1.46 for Spouse Members. • All subscriptions are refunded on Death/Discharge. • A Bonus of 3% compound is payable with the refund of subscriptions after 5 years membership.

  6. Funeral Expenses • CAFNBO also pay the following Funeral Expenses: • Death of a Spouse €3,174 • Death of a Child Over 5 €3,174 • Death of a Child Under 5 €1,270 (This includes Still Births)

  7. GANBO/GACBOBenefits/Subscriptions • GANBO pays €150,000 on the Death of a member. • GACBO pays €150,000 on the Death of a member. • Subscriptions of €6.16 p.w. in GANBO and €4.02 p.w. in GACBO are non refundable • Married subscriptions €10.18

  8. Beneficiaries • A Beneficiary is the person nominated on the application for membership. • A beneficiary may be changed at any time by the member. • Members are encouraged to ensure that their beneficiary are kept up to date. • Members may have more than one beneficiary

  9. Retention of Membership • CAFNBO. Members who have 10 years or more membership may Retain membership for a maximum period of 22 years or up to 70th birthday whichever come first. • No further subscriptions are required. Subscriptions due on Discharge remain in CAFNBO for the duration of Retention. • GANBO. Members with more than 3 years membership who have Retained their CAFNBO membership may Retain for the same period as allowed in CAFNBO. • Unlike CAFNBO they continue to pay Subscriptions. GANBO subscriptions for members on Pension are deducted directly from their pension or by Direct Debit for those not in receipt of a pension. • Subscriptions are paid monthly and are €26.60 for GANBO only & €44.11 GANBO & GACBO.

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