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Guaranteed Education Plan


This insurance product is underwritten by Fidelidade – Insurance Company Limited (Life) and distributed by BNU.

All parents concern the very best for their children, and one of the most important things is to ensure that they can get the best possible education.  However, in view of increasing education cost, it may result as a financial burden to parents when their children pursue higher education.

As a breadwinner for your family, you want to make sure that they are financially protected.  In the absence of your financial support, can your children still pursue a higher education? Can you ensure them a sufficient education fund?

Guaranteed Education Plan is an insurance product, combining protection and savings that offers guaranteed maturity benefit, assists you to achieve your savings target and provide better study opportunities for your children with a peace of mind!

PLAN FEATURES

  • Protection for Payor
  • Extension of Protection to Payor's Spouse
  • Guaranteed Maturity Benefit
  • Fixed Monthly Premium

PROTECTION FOR PAYOR ENSURES YOU A TOTAL PEACE OF MIND

Guaranteed Education Plan offers insurance coverage that guarantees payor of continuous contribution to the education fund. In case of payor’s death or total permanent disability due to accident or sickness, all premiums due after such unfortunate event will be waived and the child can still receive the targeted amount upon maturity.

EXTENSION OF WAIVER OF PREMIUM TO YOUR SPOUSE

This plan also provides additional protection for your spouse. With only an extra 5% premium, both of you can enjoy the plan's protection. If either of you suffer death or total permanent disability due to accident or sickness, all remaining premiums will be waived. With this, it could relieve the financial burden of family and your child’s education fund is securely protected.

PREPARE FOR YOUR CHILDREN’S FUTURE

Guaranteed Education Plan is an insurance product combining protection and savings that offers guaranteed maturity benefit. With a fixed monthly premium, you can enjoy protection during the years, ensures your child will have access to sufficient fund for tertiary education.

FLEXIBLE SAVING TARGET WITH FIXED PREMIUM

Guaranteed Education Plan offers great flexibility in planning your child's future education. You can set the saving target based on multiples of USD15,000 according to your aspiration for your child, up to USD300,000. Once the application is approved, the premium will be kept constant throughout the policy duration.

FLEXIBLE USAGE OF CASH

Guaranteed Education Plan guarantees your child the availability of education fund at policy maturity. You can also make the most of your fund according to different needs. Apart from pursuing higher education, you can transfer the fund to time deposit or utilize the fund to help your child setting up businesses. In case you are in short of cash, you can terminate the plan and withdraw the money at anytime1.

1.Subject to the “Surrender Benefit” provisions of the policy.

PREMIUM TABLE (USD)

(Per USD15,000 of Sum Insured)

^Child’s age is in complete year.  For child’s age from 0 to 10, the child’s age at maturity is 18 years old.  For child’s age from 11 to 13, the child’s age at maturity is 19 to 21 years old respectively.

EXAMPLE

Mrs. Chan subscribes to Guaranteed Education Plan for her newborn son.


In unfortunate case of death of Mrs. Chan at the end of 4th policy year:



Subscribe at any of our BNU Branches.

The above information is for reference only.  For a complete description of terms and conditions, please refer to the policy.