The Royal Educational Endowment (Edu Secure)
The Purpose of this Product is to plan for the education of a Child when the parent/Guardian is no more or at maturity of the policy.
In the event of death of the parent/guardian of a child or at maturity of the policy, the proceeds of the life assurance will cater for the education of the child.
Features/Benefits
- A minimum tenure of 6 years
- Death Benefits: In the event of death, the agreed sum assured at inception shall become payable to the named beneficiary (ies).
- Maturity benefits: The estimated maturity value which includes contribution and accrued bonuses are payable at maturity.
- Edu-Secure can be used as a collateral for loan.
- Free medical examinations/Tests are conducted for sum assureds over N 15,000.000.00.
- Premium: Premium could be monthly, quarterly, half yearly and yearly in accordance with the policyholders’ preference. Premium can be N5,000 monthly and above.