Education Savings Plan
The Leadway Educational Savings Plan helps you save towards the education of your children while providing protection against Death, Critical Illness, or Total Permanent Disability caused by an accident.
The savings period must last for at least five years (or longer, if you prefer), during which time you make regular contributions. You pay those contributions monthly, quarterly, half yearly or annually (as you prefer) and these can range from as little as ₦7,500.00 a month. While in the savings account, your contributions accrue interest at Leadway’s standard interest rate.
After the first year of the policy, you can withdraw up to 25% of the account balance each year if you need to. And after the second year, you can take out a loan against your savings balance.
You can manage your plan online or using our mobile app. Your contributions qualify for tax relief, and the interest you earn on your savings is tax free.
The plan comes with mandatory life cover of ₦1,000,000.00, but you can choose to increase this for an additional premium.
You have the right to cancel your policy and receive a full refund of premiums paid if you do so within 7 days of receipt of the full policy documentation.
Please click here to download the policy brochure to know the features and benefits relating to this product to ensure it fully meets your requirement.
Click here to get the product application form.
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