CHILDREN
EDUCATION PLAN (CEP)
EDUCATION DOESN’T COME
WITH GUARANTEES,
BUT THIS
CHILDREN EDUCATION INSURANCE PLAN HAS 6 OF THEM
1.
GUARANTEE:
That if death occurs to
the guardians:
(i) Premiums
will be waived for your child and your family and
African
(ii) 1% of the sum assured per month will be
paid to your family till the
maturity of the plan.
(iii) On maturity of the plan the agreed sum
assured will be paid to your child
for him to pursue his/her studies as planned.
2.
GUARANTEE:
If the child dies before the
maturity of the plan, all premiums earlier paid will be refunded.
3.
GUARANTEE:
That you may transfer those funds to the advantage of any other child.
4.GUARANTEE: If the child is alive till the maturity of the policy, the
agreed sum assured will be paid to you
in
one Lump Sum to enable you undertake the payment for his/her higher education
without
falling
on your regular income. If the child has
already completed his/her education, the lump
sum could be used
for retirement fund, marriage of the child or any other projects so desired.
5.GUARANTEE: That you can secure a loan
from the growing reserve fund provided
premiums have been
paid
for at least three (3) years. The loan is repayable with a low rate of
interest.
6.
SUPPLEMENTARY
GUARANTEE:
If you become permanently or totally disabled in the course of the
plan
due to illness or accident, the same guarantee stated in 1 (i), (ii),
(iii) shall apply.