This Endowment policy is designed for child education. It pays 3 Yearly Cash Benefits towards the last 3 policy years. The 3rd cash payout, being the Maturity Benefit, would include projected bonus (if any). You may choose to receive the 1st Yearly Cash Benefit at age 17, 18, 19 or 20. Premium will cease when the 1st Yearly Cash Benefit is payable. Upon maturity, the Life Insured can purchase a new Whole life or Endowment policy without evidence of insurability. This policy is available for ages 0 to 9. It offers death, TI and TPD benefits, which are based on 100% of Sum Assured plus projected bonus (if any). You can also attach optional riders like premium waiver to enhance its benefits.
Product Type: Child Education – Child Education
Commission Rebate: Eligible
Coverage Duration: 13 to 22 years
Premium Duration: Throughout policy duration except the last 2 policy years
Need Underwriting: Yes
Cash Value: Yes
Cash Payout Frequency: Yearly payout in the last 3 years
Option to purchase a new policy without medical underwriting upon Maturity.
I want a savings plan specially designed for child’s tertiary education
3 yearly payouts towards the last 3 policy years