Uninterrupted Education for your Child

Give your child the future they deserve with Education Plus, a child education insurance plan that builds lasting security. This flexible education plan Sri Lanka provides a strong education fund at maturity and protection in the event of a parent’s passing ensuring dreams stay on track. Enjoy exclusive benefits and rewards, making it the ideal student future savings solution for dedicated parents.

• Customizable Education Fund
• Life Cover in case of an untimely  demise
• Monthly Education Assistant fee benefit
• Health and Education partner benefits
• Additional 15% bonus on maturity

Why

In an unfortunate demise of a parent, we will ensure your child has uninterrupted education support through:

A Life Cover  An immediate payment of 5 times your basic annual premium (Basic Sum Assured) as a lump sum to ease the financial burden.

An Education Assistance Fee Benefit – A consistent monthly income to take care of all educational expenses from the day of the parent’s demise until the maturity of the policy.

A Waiver of Premium – Uninterrupted growth of the education fund you planned for your child along with the Loyalty Bonus made possible with the continuous premium settlements made by Union Assurance until maturity.

Providing the best returns for your child’s education fund through:

A Fund Build Up  Continuous growth of your child’s education fund with an annual interest paid by the company in the form of monthly dividends to your fund balance.

Loyalty Bonus Strengthened loyalty to your child’s future with a 15% bonus being paid towards the accumulated education fund at maturity upon completion of all due premiums for the policy term.

Strengthen of Union Assurance You will have a peace of mind knowing that your child’s dreams are taken care of by one of Sri Lanka’s largest life insurance companies, backed by the country’s largest listed conglomerate, John Keells Holdings PLC.

Dividend Declaration

Your Education Fund keeps growing every month with the best in market annual dividend rates declared by Union Assurance.

An interim rate of dividend decided at the beginning of the year will be credited monthly to the individual funds during the year. The actual rate of dividend to be credited will be decided at the end of each year. In any case, the actual declaration will never be less than the interim rate.

Partial Withdrawal 

We are flexible enough to understand your decision for a Partial Withdrawal from the fund in case of an emergency. You may obtain a Partial Withdrawal of up to 15% of the accumulated Education Fund once during a policy term, after completing a 3 year period with applicable premium payments.

Policy term: This policy can be obtained for a term from 10 years up to 30 years.

Age limit:

• Age at Entry - 18
• Maximum Age at Entry - 60
• Cover Ceasing Age – 70

Fund Illustrations

The following illustrations show examples of how you could structure your own customized education solutions to suit your needs and your child’s dreams.

For example; If you wish to build approximately a Rs. 1.5 million Education Fund at maturity (assuming a 10% dividend declaration):

*This is for information only. The precise terms and conditions will be detailed in the policy document.

*The illustrated values will vary based on the exact age at commencement of cover and the actual dividends declared. 

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