Guaranteed Tuition Protection Plan
Product Description
The plan is designed to offer coverage to parents as a group and create immediate estate sufficient to guarantee payment of school fees of named pupil(s) and thus forestall the abrupt stoppage of education of the child in the event of the demise of the parent/guardian.
The education of your children or wards can be guaranteed when you buy into this plan that guarantees that their tuition does not stop half way.
- It guarantees payment of school fees up to the University level.
- Benefits can be paid in lump – sum or in form of quarterly series of payment coinciding with the payment of school fees.
- It allows for conversion into personal term assurance if the ward is transferred to another school.
- One child can be substituted for another during the school session or on commencement of benefit.
- Provides financial protection from hardship for the family
- Waiver of premium in the event of disability
- Tax free premiums and maturity benefits.
