El Dakhel El Motarakem (Education)
The cost of a good education can be expensive, and has risen at an alarming rate in recent years. In order to secure the best possible education for your children, you need to plan ahead.
Our education plan is specifically designed to help you and can give you the reassurance of knowing you’ve made the right preparations for your children’s future.
Product Overview
- Secure savings with guaranteed payouts to cover the amount you choose for your child’s higher education fees.
- You can choose payout period ranges from 3 to 10 years, depending on the time period during which you think your child will complete the higher education.
- The flexibility to make one off contribution or regular contributions – you choose which suits your budget
- Excess Return bonuses in the years your investments achieves a higher returns than expected.
- In the event of your untimely death we will always, as a minimum, give back to your loved ones the amounts that you have contributed.
Phase 1 Contribution and accumulation
During this time your contributions are invested so your Plan can provide you with guaranteed benefits.
Phase 2 Payout
You receive your guaranteed returns (regular income for higher education expenses) plus any excess bonuses.
Policy Loans
You can borrow up to 80% of the cash value of your Plan after the first two years.
Stopping contributions
If you need to stop contributions you don’t have to put your child’s education on hold. We give you the option of continuing your Plan by either paying premiums from the cash value of your plan or by adjusting your face amount.
Eligibility
Minimum age of child 0 maximum issue age 12
Minimum Annual Premium 3500 EGP for regular contributions and 15,000 EGP for one off contribution.
Currency
Egyptian Pound
Gender
Male and Female
Subject to policy terms and conditions
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Educating your children
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