 | EduSAVE |
EduSAVE is an endowment insurance policy providing savings for the child’s education and life protection in one plan. It is specially designed to help parents map out their savings strategies to ensure that they have sufficient resources to meet the increasing child’s education needs.
A Guaranteed Survival Benefit is paid at end of policy year when the child (main insured) attains certain age up to 22 years old on the next birthday, helping parents to meet educational expenses until the child reaches the age for entry into college
|
Entry Age
|
6 Years
|
12 Years
|
15 Years
|
18 Years
|
22 Years
|
|
1 – 2
|
10% SA
|
25% SA
|
50% SA
|
100% SA
|
100% SA
|
|
3 – 8
|
-
|
25% SA
|
50% SA
|
100% SA
|
100% SA
|
|
9 – 11
|
-
|
-
|
50% SA
|
100% SA
|
100% SA
|
SA : Sum Assured
Policyholder has the option to save the Survival Benefit with the company (based on request). The Survival Benefit will be accumulated with the interest which will be determined by the company.
Benefits
- Protection and savings in one plan
- Guaranteed cash amount at your child’s school (all levels) entry age
- Education fund is guaranteed for your child if occurred critical illness, total permanent disability or death of the parents.
- Accumulated cash payment plus interest if no withdrawal were made
- A disciplined and safe way to save for your child’s education
- Limited premium term of 10 years with coverage period until child’s age reach 22 yrs old
Term and Condition
- Entry age:
- Life Assured: 1 to 11 years old next birthday
- Policyholder: 18 to 55 years old next birthday
- For rider, Life Assured is the parent: 18 – 55 years old next birthday
- Coverage Term: up to the child’s age of 22 next birthday
- Premium Mode: Annually and Monthly
- Minimum Sum Assured: IDR. 25,000,000, available in multiplication.
- Premium Payment term: 10 years.
e-tax
