Basic informations

Student Insurance (College Graduation)

is a standard life insurance product providing benefits for financing child’s studies.

In this type of plan the policyholder must be a parent (or a statutory agent) and the beneficiary must be a child.
The Student Insurance is intended to cover expenses related to college studies (i.e. from child’s age of 18/19). The dependent child is paid benefits amounting to the sum insured increased by a share of the company’s profit over the period of 5 years.
The benefits start to be paid out after the premium payment period, which may not be any shorter than 5 years.
The amount of paid annuities (individual benefits) is the sum insured as stated in the insurance policy.
The beneficiary can decide for the benefits to be paid as a lump sum (at the policy cash value).
In the event of parent’s death or other event insured against, the premium does not have to be paid any longer and our company takes over all the obligations. The annuity amount intended to cover the costs of studies shall not be affected.
The anti-inflation programme offers you the possibility of increasing the sum assured and your premiums to keep pace with the rate of inflation.