Overview
This is a savings plan for your child's education But also a means of giving you life protection asyou enjoy guaranteed returns on investment
Why KUSCCO ELIMU SURE?
Plan for your childs education in advance
Guaranteed returns to your savings
15% Insurance tax relief on premiums paid up to 60,000 pa.
Designed to fit into your needs and long term financial plans
Pays total benefit of 150% sum assured
What are the Benefits?
- Timely payment plan:
- Pays 20% sum assured at 6 years to maturity
-Pays 30% sum assured at 3 years to maturity
-Pays 100% sum assured at maturity
- Death/PTD Benefit-Waiver of future premiums in the event of Death/PTD
- Investment returns depend on performance of life fund.
- Guarantees at least 1.5% annual bonus on your investments.
- The plan provides for policy loan on the fund value during the policy term
General Exlusions
Illegitimate/Unlawful activities - The policy excludes against any loss that arises out of the insured engaging in any activity that is against the laws.
Suicide and Self-inflicted injury - Any loss occuring as a result of self-inflicted injuries and suicide are excluded from this cover.
Drugs and substance abuse - Any loss or disability occuring as a result of use of drugs and substance abuse will not be covered under this policy.
Adventurous Sports - Any loss or disability occuring as a result of engaging in hazardous sporting activities and pasttime will not be covered under this policy.