insurer drives coverage penetration with education plan

the nigerian subsidiary of vintage mutual confined (oml) has initiated an coverage package deal called ‘schooling protection plan (epp or edusure) to guide dad and mom/guardians stable uninterrupted gaining knowledge of for his or her kids.

consistent with the underwriter, with edusure, parents/guardians could be able to keep in the direction of the educational dreams of their youngsters/wards, at the same time as antique mutual gives the guarantee of meeting the goals in the occasion of the policyholder’s loss of life.

talking at the policyholders’ advantages, the managing director, old mutual existence assurance limited, olusegun omosehin, stated: “making an investment in an education plan is an clever way of ensuring kids get the great training possible without the exigencies of lifestyles interrupting their studying method.

“with the plan, parents/guardians are assured that their youngsters/wards can reap the future they choice via in reality placing apart a goal amount for his or her destiny educational goals.”

he defined that a policyholder should keep a selected amount of cash for 10 years toward a toddler’s college training, noting that edusure guarantees that the goal sum is paid to the beneficiary need to the policyholder bypass away in the coverage tenure.

the policy additionally presents money back of the top class, delivering forty consistent with cent of the top rate to the policyholder need to the beneficiary die earlier than accomplishing the age of 25 and a cashback option to the policyholder for continuous price over a 36-month period.