EduCare Limited (Child Education Plan)
EDUCARE Limited is a Guaranteed Maturity Endowment product
which offers dual benefits of financial protection against any unforeseen events
together with a saving element. It is designed to give your child the much needed
financial security from his school education to university and beyond.
How the Plan works?
- Educare Limited, a plan that allows you to save for your child’s education via easy payments of affordable premiums. Its flexible terms allow you to decide how much, how often and for how long you wish to save.
- In the event of death, the premium on the policy will be paid by the company till the maturity of the policy.
- In addition, the company will pay 1% of the Sum assured every month from the date of event till maturity. This will provide financial assistance to your family.
- On completion of the term the sum assured shall be paid out to you.
- ‘Waiver of premium’ benefit is inbuilt with this plan. All the future premiums will be paid by Orient Insurance PJSC in the event of death or establishment of the Permanent Total Disability of the Life Assured.
Eligibility for cover
- Minimum Age at Entry: 18 Years
- Maximum Age at Entry: 62 Years
- Maximum Age at Maturity: 70 Years
- Valid UAE/ GCC Visa
Key Features & Benefits
- Limited payment term:Premium paying term is 2/3rd of plan term
- Guaranteed Maturity Benefit : On maturity,the plan guarantees 100% Sum Assured + 1% Guaranteed Bonus per annum + Reversionary Bonus + Terminal Bonus
- Death Benefit: Immediate Support (100% S.A) + WOP+ FIB+ Maturity Benefit at the end of plan term
- WOP Benefit:In case of death of life assured, plan will continue till maturity as company will pay the future premiums
- Reinstatement is possible within 24 months without any penalty
- Early withdrawals allowed after the 2nd policy year
- Payment can be made in currency – USD & AED
- Offers worldwide coverage
Click here for Optional Benefits