Continuous Educational Endowment Plan

This is an Endowment Life Assurance Plan which can be effected on the life of a parent or guardian, for the benefit of a named child in order to cater for the child's educational expenses in the event of the death of the parent or at maturity of the policy.

Features of the Plan

• The assured/parent determines the maturity period which should correspond with the child's anticipated school age at any level of education
• Sum assured is selected by the assured in accordance with his ability to pay the

premium

• Sum assured is payable on the death of the life assured and is applied to fund the child's education without interruption
• Benefits could be paid in installments or lump sum

Benefits

• Savings for future
• Additional accidental death benefit
• 100 waiver of premium benefits
• Tax relief on premium paidBenefits are tax-free
• It can be used as collateral security
• The policy qualifies for loans after two years premium payment