Education

Every Parent’s joy is ensuring that their Children get quality education and turn out great in future. AIICO Insurance Plc offers two education policies to meet these needs:

  • Children Education Plan (CEP)
  • Education Legacy Assurance Plan (ELAP)

Children Education Plan (CEP)

It is a savings plan that is designed to provide school fees at an earmarked educational milestone in the event of death or permanent disablement of the parent/guardian.

Features of CEP

  • This policy provides for payment of annual premiums for periods ranging from 10, 11, 12 to 25 years.
  • Provides for payment of a lump sum at maturity when the child enters University or Secondary School.
  • Also provides for return of premium in the event of death of the child before the maturity plan.
  • The funds may be transfered to the benefit of another child of the policy holder.

Education Legacy Assurance Plan (ELAP)

It is a savings plan targeted towards financing the future education of a named child in the event of death or permanent disability of parent/guardian.

Features of ELAP

  • Protects children/guardians from any disruption in their education arising from death, disability, and/or loss of employment.
  • Period of policy can range from minimum of 8 -25 years.
  • Maximum age at entry of parent/ sponsor 57 and at exit 65.
  • A cash withdrawal option of up to 20% from the legacy account to assist in the child’s education, provided the policy has been in place for a minimum period of 5 years.
  • Annual Maintenance Income of 25% of sum assured payable for 5 years.

Who purchases this plan?

Parents, relatives and other guardians who wish to preserve the education of their loved ones.

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.