Description

An education insurance policy is a type of life insurance that allows you to save towards your child’s education. The plan enables you to set aside a given amount every so often; monthly, quarterly or annually for a specified period of time so that you have sufficient funds to invest in the quality of education you desire for your child.

An education insurance policy also has a protection component that pays out the amount you intend to your nominated beneficiaries in the unfortunate event of your demise, so that the education dreams you have for them continue uninterrupted.

Main benefits of the Children education plan

• A disciplined way of saving as no ATM is given for the Account.
• Premium waiver in the event of your unfortunate waiver.
• 15% tax relief.
• Peace of mind knowing that your loved ones and future are secure.
  Professional Management.
• Flexibility of monthly, quarterly, semi-annually or annual payments.
• Policy re-date and reinstatement is considered when need arises.
  You get to choose the term of your investment and the sum assured and you will be advised on the cost.

Some of the factors to consider when deciding on an adequate  education plan for your child:

• The type of school you want for your child. Is it Public or Private.
• What curriculum you want for your child? Is it  Local or International i.e. CBC (Competency Based Curriculum), 8.4.4 or IGCSE, etc.
• The amount you are able to set aside periodically; this premium depends on the future cost of education determined by your preferred caliber of institution and inflation.

Determine your Child’s future education needs and we will provide you with a detailed quotation, terms & conditions.