AIICO Insurance Plc offers two education policies to meet these needs.
- Children Education Plan (CEP)
- Education Legacy Assurance Plan (ELAP)
Education Legacy Assurance Plan (ELAP)
ELAP is a savings plan targeted towards the future education of a named child in the event of death or permanent disability of parent (policyholder).
Features of ELAP
- At the death or permanent disablement of the policyholder, premium payment ceases.
- Maximum age at entry is 57 and exit 65.
- Provides for Annual Maintenance Income of 25% of sum assured for a period of 5years.
- Period of policy range from 8 years to 18 years.
- The higher the guaranteed sum assured (subject to a maximum of N10 MILLION) or balance in the policyholder’s investment account is payable at maturity.
No comments:
Post a Comment