Education Savings Plan
This our 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 three 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) subject to a minimum of N10, 000.00 a month. While in the savings account, your contributions accrue interest at Leadway’s standard interest rate.
You can take out a loan against your savings balance at any time during the policy tenor, subject to terms and conditions. After the first year of the policy, you can also withdraw up to 25% of the account balance each year if you need to, subject to withdrawal penalties.
You can manage your plan online or through our mobile app. Your contributions qualify for tax relief, and the interest you earn on your savings is tax-free. The plan comes with free life cover of ₦250,000.00, 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 30 days of receipt of the full policy documentation.
Please click here to download the policy brochure to know the features, benefits and see some FAQs relating to this product to ensure it fully meets your requirement.
Click here to get the product application form.
To take out this cover,
Click the Buy Now button
Or call 01-2800700 to speak with one of our Customer Service care team.