Search

Educational Plan - Dirasati

 

Definition:

It is a saving plan to secure for each child an annuity to pay for his university.

Covers:

In case of death & / or total permanent disability of the insured person, the insurance company will ensure the continuity of the plan to secure the same level of annuities for the child in addition to the school fees (waiver of premium).

Conditions: 

  • The age of the insured person: 18 – 55 years  
  • The university starting age: usually 18 and up to 30 years
  • Period of contract: Minimum 8 years

Premium:

  • Monthly starting as of $25
  • Constant from a year to another or increasing every year by a variation rate = 1% to 10%

Each contribution will be divided into:

  • Investment Part (Min. Guar. 4%)
  • Insurance Part
 

Illustrative Table:

 
Age of insured Age of child Total paid premiums USD University tuition when child reaches 18.* (USD)
4% minimum guaranteed annual return on investment 7% annual return on investment
28113,15216,89622,745
30212,18015,35520,331
33311,24413,87118,093
37410,33212,40015,922
4168,5809,81412,219
4486,9247,5639,124