Education Plan
As your child begins to take the initial tiny steps, your child’s path to a bright future lies in the steps you take now to provide them with the best education. At Farelane we have an Education Plan that is specially designed as a protection and savings tool to provide funds to pay for your child’s education expenses.
Benefits
Benefits
- Policy term ranges from 9 to 20 years
- Pays partial payments to suit your school fees needs for your child at different levels
- In case of death of the policy holder, future premiums will be waived and the cash pay-outs will still be paid when school fees is due.
- Bonuses are earned very year and will be paid on maturity of the policy.
- Potential for additional personal income tax relief hence additional savings.
- Flexible premium payment methods (e.g. Salary Stop Order, Direct Debit, M-Pesa, etc)
- Policy loans with flexible repayments
- Maturity benefit payable as a lump sum or in installments.