Education Target Plan
This is a Plan helps you save towards the cost of your children’s education while providing a lump sum payment to secure their future if the worst should happen to you.
You decide the Target Sum you want the plan to accrue by the end of its term and decide how long you want to save for (subject to a 3-year minimum term). We calculate the premiums based on those factors.
You also decide how frequently to pay your premiums – monthly, quarterly, half-yearly, annually or one-off (single). As long as you pay premiums in full and on time, we guarantee to pay out your Target Sum at the end of the plan’s term.
The plan also includes life cover which ensures that your target sum is paid out if death occurs before the plan expires.
For an additional sum, you can also extend cover to apply where you contract certain illnesses or become permanently disabled because of an accident. The premiums you pay into the plan qualify for tax relief. And you can manage your plan online or through our mobile app.
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 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,
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Or call 01-2800700 to speak with one of our Customer Service care team.