With our Jubilee Education Plus Plan, you gain the opportunity to save for your child’s education, including provision of basic life necessities.
Your money grows over a period so that you are assured a lump sum payment.
You get additional cover for death and optional cover for permanent disability to ensure that your child continues with education.
Why sign up for a Jubilee Education Plus Plan?- Min savings period is 5 Yrs. and Max20 Yrs.
- Min premium is Ushs. 100,000/- per month.
- Min Sum Assured ranges from Ushs. 7 million to Ushs. 10 million depending on the policy duration.
- Max eligible age - 60 yrs.
- All policy benefits are tax-free and are paid without any tax deduction.
- Premium payments can be made monthly, quarterly, semi-annually, or annually, through a variety of convenient methods.
Key Benefits
Financial security – that gives you a peace of mind
Death Benefit – In the event of death during the policy term due to an accident or illness, 50% of sum assured is payable immediately to the beneficiaries/guardian. In addition, all future premiums are waived to keep the policy in force and at maturity of the policy, an additional 100% of sum assured Plus Accrued Bonuses will be paid as a lump sum to the beneficiaries/guardian.
Maturity Benefit – At the end of the policy period, you get 110% of Sum assured Plus Accrued Bonuses as a Lump sum. The maturity benefit may also be paid in annual instalment at your request
