Education
Plan Insurance
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Ensuring a bright future for our children is the paramount goal of every responsible parent. Central to this future is the provision of quality education. However, the escalating costs associated with education, especially towards higher levels, have made it increasingly challenging for many families to afford. Consequently, parents often strive tirelessly to secure the financial means necessary to fund their children's education.
In the midst of these worries, one might ask: Do parents have enough saved up to pay for their kids' schooling? And what happens if something unexpected occurs?
SanlamAllianz has made it easier to Plan the education of your child or child to be, a solution designed to address these very concerns.
The Education Insurance Plan facilitates parents in saving for their children's education within a secure fund, offering assurance that their children's educational needs will be met even in the event of untimely parental demise.
Who Can subscribe to Education insurance Plan in SanlamAllianz? This insurance policy is open to anyone responsible for financing the education of their biological, foster, or prospective children or adopted child.
Education Insurance Plan
Premium Structure
The premium amount is tailored to align with the individual plans and aspirations parents harbor for their children. However, the minimum monthly premium stands at 5000FRW.
How Does it Operate?
An Example: Consider Mrs. SYBILLE, aged 33, seeking to secure her two-year-old child's university education. To cover tuition fees totaling 2,000,000 FRW annually, Mrs. SYBILLE would only need to pay a monthly premium of 36,312 W over a 16-years period.
Guarantees Provided by SANLAM VIE: In case of the unfortunate event of Mrs. SYBILLE's demise prior to completing the payment period or upon its conclusion while she remains alive, SANLAM VIE offers comprehensive assurances.
If Mrs. SYBILLE survives the contract term, she receives 2,000,000FRW annually for four years, totaling 8,000,000FRW.
In the event of Mrs. SYBILLE’s death or permanent disability post-contract signing, the child is entitled to receive 1,000,000FRW annually for 16 years, totaling 16,000,000FRW. Upon reaching university age, the child further receives 2,000,000FRW annually for four years as per Mrs. SYBILLE contract benefit, amounting to 8,000,000FRW to the contract maturity.
It's essential to note that while the example provided pertains to university education, our offers extend across all levels of education, don’t miss out on this exceptional opportunity! and thank for you for giving us opportunity to serve you.