VITACARE - Educational with Profit Policy

VITACARE - Educational with Profit Policy is a policy especially designed for those parents who wish to save in order to meet the cost of expenses for further education of their children and for any other purpose as may be perceived by them.

The parent decides how much he/she wants to contribute and the policy term also varies according to the child’s present age.

The maturity date selected will generally coincide with the child’s 18th birthday but this can be extended up to the 21st birthday when the policy matures, the full sum assured together with vesting bonuses will be paid.

Key Advantage

• In the event of untimely death of the contributing parent, all future premiums are waived but the policy remains in force and the benefit will be paid to the child at maturity. Moreover, a family income benefit usually equivalent to the monthly contribution of the parent is also payable to the child until the policy matures.