Get your Quote here!

The child education policy is a life insurance product specially designed as a savings tool to provide an amount of money when your child reaches the age for entry into college (18 years and above).

The funds can be used to pay for your child’s higher education expenses. Under this policy, the child is the life assured, while the parent/legal guardian is the policy owner. In the event of the policy owner’s untimely demise, the child will have access to the funds to help finance his or her studies.

Choosing a Plan

When choosing an appropriate plan, always

  • Consider how much money you want to set aside for your child’s education
  • Consider how much money you want to set aside for your child’s education
  • Choose a policy that gives flexibility so that you can gradually increase the savings in future

Basic types of plans

  • Endowment Policy

Features of this policy include:

  • An endowment policy combines a savings component with protection coverage
  • Endowment policies may be either participating or non-participating
  • Non-participating policies do not participate in the life insurance fund’s profits but all insurance benefits are fully guaranteed
  • Participating policies have a portion of insurance benefits guaranteed, however the total amount of benefits at maturity is not guaranteed because it depends on the insurance company’s life insurance fund’s performance
  • Investment Linked Policy

Features of this policy include:

  • An investment-linked policy combines the elements of investment and protection based on your requirement as the policy owner
  • It offers flexibility as you are able to increase or top-up your monthly premium contribution as your income improves. You may also be more aggressive with your investment
  • An investment-linked policy will allow you to choose the types of funds your money will be invested in. However, like any other investment, there are risks involved and there is no guarantee on the returns, which may be higher or lower than the amount projected

27″ type=”text/javascript”>




The cost of higher education is increasing. The need for access to higher education and the cost will put a financial strain on you and your family. That is why it is important to start planning for your child’s education as soon as possible, because the earlier you begin, the more time you allow your money to grow.

The child education policy will provide the funds needed by your child to pursue further education and assures that whatever happens in the future, your child will still have the means to pursue some of his/her goals in life.



These might also interest you

View all our products
KCB Bank