The A&GStudent Welfare Insurance policy is customized to guarantee the education pursuit of pupil(s) in the event of death and permanent disability of named parent/guardian/sponsor and Medical Expenses for the child resulting from accident.
The plan is open to all students in a school.
The purpose is:
Guarantee the continuous educational pursuit of the child i.e. graduation from the school
Relieves the school of any burden of default
A yearly renewal contract
Arranged on the lives of a named parent/guardian/sponsor responsible for paying a lump-sum to cater for the tuition of the child
Open to pupils in Nursery/Primary, Secondary and Tertiary Institution
A very cheap form of Life/Disability assurance
Flexible premium payment, premium can be paid with school fees on session or term basis.
Upon occurrence of any of the insured perils before the graduation of a named child from the school, the agreed benefit becomes payable directly to the school.
Medical Expenses for the pupil:
A medical expenses of up to 10% of death benefit chosen is accessible to the pupil.
Maturity, Withdrawal/Surrender Benefit
The plan does not attract a surrender benefit therefore nothing is paid on termination. Also, the plan does not attract maturity benefit.