The Education Plan
We work hard now to ensure the futures of our little ones remain bright. A great education is the best foundation for a good life, ensure that your child gets this chance through the Education policy.
Our policy enables you to build a fund over a period of time, making suitable provision for your child’s school fees requirements as to when they are required. It also ensures that the child’s fee required is available even in the untimely death of the policyholder during the term of the policy.
The premium will be payable for the policy term selected [capped at 20 years] or until the death of the life assured if it occurs within the term.
The minimum and maximum ages at entry are 18 years and 65 years respectively. The maximum maturity age is 70 years.
Why the Education cover?
This plan allows for a disciplined, systematic and easy way to save for your child’s financial education needs.
The sum assured and premiums are determined at onset and they remain fixed throughout the term of the policy. You can, however, increase your premiums or sum assured at your policy anniversary.
The plan also has a [saving period] which ranges from 5 to 20 years, which will be chosen by you, and this will depend on when you require the funds.
This is determined by:
- Life assured’s age.
- Frequency of premium payment.
- level of cover selected.
- Term of the policy.
The premiums can be paid on a monthly, quarterly, semi-annually or annually and the modes of payment include Standing Order, Cheque, and Direct Debit Authority, MPesa or Salary Check off.
The premium is payable up to the end of the term of the policy or on earlier death.
- The policy term ranges from 5 to 20 Years.
- Premium will be payable for the policy term selected or until the death of the life assured if it occurs within the term.