AIICO Insurance Plc offers two education policies to meet these needs.
- Children Education Plan (CEP)
- Education Legacy Assurance Plan (ELAP)
Children Education Plan
This is an education endowment plan that provides for annual sum of 12% of sum insured towards the education of the named child in the event of death or permanent disability of the policyholder up to the maturity date.
Features of CEP
- At death or disablement of the policyholder, future premiums are waved.
- An annual income of 12% of the sum assured will be paid to assist in the education of the named child to maturity date of policy.
- Returns of premiums paid in the event of death of the named child.
- Payment of lump sum at maturity to the named child.
- Policy is tax exempt.
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