Education Protection Plan
The Leadway Education Protection Plan is a flexible life insurance product that protects your family against the ongoing cost of a child’s education in the event of your death.
If you choose to pay an additional premium, the plan can be extended to apply if you contract certain illnesses or suffer total permanent disability as a result of an accident. And you can choose to protect the sum insured against the effects of inflation by having it increase by 5% or 10% each year.
The sum insured will pay for a child to complete his or her current level of education (e.g. primary, secondary, university) at the time the payment becomes due.
The plan can cover as many children as needed, even if they are at different education levels.
The premium payable depends upon the child’s current school or tuition fees, and you can arrange to pay the premium annually or each term.