Flexi Educator Plus
What is Flexi Educator Plus
We understand that giving your children an education is a priority. That’s why we’ve designed the Flexi Educator Plus solution. Start saving for your children’s education so you can have peace of mind.
Features :
- Waiver of Premium Benefit on accidental or non-accidental death, permanent and total disability, and first diagnosis of a critical illness
- Save and earn with guaranteed benefits/payouts
- Cash benefit payable on:
- Non-accidental death (value of the sum assured)
- Accidental death (two times the value of the sum assured)
- Disability caused by an accident (the payout is a variable amount of the sum assured based on the severity of the disability)
- First diagnosis of a critical illness (50% of the sum assured)
Flexi Educator Plus
Product features
- FlexiEducator Plus policy term can vary from 9 to 20 years depending on your financial plan.
- Premiums are predetermined and fixed based on what you choose.
- The policy has a 15% tax relief benefit that the life assured will enjoy.
- The policy maturities are guaranteed.
- Compulsory benefits (riders).
- Maturity Benefits.
Four partial maturities of 25% of the sum assured are paid out in four equal annual instalments before maturity. And at maturity, 100% of the sum assured will be paid.
Full maturity year | Percentage (%) Instalment |
Term minus 4 | 25% of sum assured |
Term minus 3 | 25% of sum assured |
Term minus 2 | 25% of sum assured |
Term minus 1 | 25% of sum assured |
Maturity | 100% of sum assured |
Total payout | 200% of sum assured |