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School Fees Plan

FEATURES

  • 1,000,000 naira minimum savings target/goal
  • 5 years minimum savings duration
  • Termination & withdrawal at anytime
  • 100% of savings surrendered/paid plus interest at maturity
  • On the death of the parent/guardian prior to commencement of school fees payment, the plan pays school fees to the desired level chosen at the outset
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Children Education Plan

FEATURES

  • 500,000 minimum savings target/goal
  • 10 years minimum savings duration
  • Guaranteed payments of school fees in the event of death, total and permanent disablement of the parent/guardian
  • Provides for payment of a lump sum at maturity when the child enters University (or Secondary School)
  • Provides for return of premiums in the event of death of the child before the maturity of the plan
  • The fund may be transferred to the benefit of any other child of the policy holder
  • In the event of death of the policy holder:
  • Future premiums will be waived.
  • A monthly income of 1% of the sum assured will be paid to the policy holder's family till maturity of the plan.
  • On maturity, the agreed fund will be paid for the child's school fees.