The policy provides 5 annual benefit payments, during the last five years of the policy term, which is to be used to cover the education expenses of the policyholder's child.
Features
Minimum and maximum age entry is 18 and 60 years
Minimum and maximum term is 7 and 18 years
Minimum and maximum premium is ¢20.00 and ¢1,000
Benefits
Death Benefit paid to beneficiary when policyholder dies or policy expires.
50% of sum assured paid to policyholder when named beneficiary dies
Premium waived If policy holder dies or becomes permanently disabled
Investment Value – Policy acquires cash value after 12 months.
Full cash value without penalty is paid after 10 years of policy inception
50% of full cash value paid once a year
Hospitalization Benefit is payable after a minimum of 3 days stay in a hospital.
