Life insurance is a contract between an individual (the policyholder)
and an insurance company, where the insurer agrees to pay a
designated sum of money (the death benefit) to the beneficiaries
named by the policyholder upon the death of the insured person. The
policyholder typically pays regular premiums to the insurance company
in exchange for this coverage.

An education policy is a life insurance policy that allows you to save for
your child’s education. It enables you to set aside a given amount of
money for a specified period so that you have sufficient funds to invest
in the quality of education you desire for your child.
An education policy is a two in one policy with savings and protection
components such that, it enables you to save money while providing a
life cover for the parent or guardian. The education plan protects a
child’s future in case of an unfortunate case such as the demise of a
parent or total permanent disability or critical illness, guaranteeing
continuity of learning for the child.

This type of life insurance provides coverage for a specific period, such
as 10, 20, or 30 years. If the insured person dies during the term of the
policy, the death benefit is paid out to the beneficiaries.

The product helps you build a risk-free savings fund and offers financial
security to the family if there is any unfortunate event.14 | P a g e
This product provides you with a savings vehicle that provide for a wide
range of short and medium-term goals. Basically, this is a product that
offers a lump sum amount on maturity or in the unfortunate case of
death or permanent and temporary total disability