FUTURE EDUCATION PLAN

future education plan for children image

ENROLL FOR FUTURE EDUCATION PLAN FOR YOUR CHILDREN

 

Future Education Plan is aim at meeting the desire of every Parent of ensuring that their Children get quality education and turn out great in future.  AIICO Insurance Plc a major player in the insurance industry offers two education policies to meet these needs.

These include:

  • Children Education Plan (CEP)
  • Education Legacy Assurance Plan (ELAP)

Children Education Plan

Children Education Plan (CEP)
It is a savings plan that is designed to provide school fees at an earmarked educational milestone in the event of death or permanent disablement of the parent/guardian.
Features of CEP

  • This policy provides for payment of annual premiums for periods ranging from 10, 11, 12 to 25 years.
  • Provides for payment of a lump sum at maturity when the child enters University or Secondary School.
  • Also provides for return of premium in the event of death of the child before the maturity plan.
  • The funds may be transferred to the benefit of another child of the policy holder.

Education Legacy Assurance Plan (ELAP)
It is a savings plan targeted towards financing the future education of a named child in the event of death or permanent disability of parent/guardian.
Features of ELAP

  • Protects children/guardians from any disruption in their education arising from death, disability, and/or loss of employment.
  • Period of policy can range from minimum of 8-18 years.
  • Maximum age at entry of parent/ sponsor 57 and at exit 65.
  • A cash withdrawal option of up to 20% from the legacy account to assist in the child’s education, provided the policy has been in place for a minimum period of 5 years.
  • Annual Maintenance Income of 25% of sum assured payable for 5 years.

Enroll now to secure your children future education

For more information contact kelechi on:08068998318

Related posts

Leave a Comment