Sacos has designed this Educational Assurance Plan with the objective of reducing the parents’ burden to meet higher education expenses. The plan is available for terms of 10, 15 and 20 years.
Sacos pays a survival benefit equivalent to 10% of the sum assured at the end of each year for the last 5 years prior to maturity.
Upon maturity, we pay 50% of the sum assured together with accrued bonuses.
Upon death during the policy term we pay the full sum assured together with accrued bonuses.