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EDUCATION SAVINGS INSURANCE PLAN

MedPlan helps you invest a few years of savings to give your children the gift of Education, which lasts a lifetime.


BankMed and MedGulf have jointly designed a flexible Education Saving Plan which will help you fund the education expenses of your children.

The Plan is simple, flexible and encourages you to start saving early for your child's education and future. With a minimal contribution of US$ 25 you can join our Education Savings Insurance Plan which ensures the following:
  • Necessary funds for your child's university education fees at maturity of the policy.
  • Private tutoring, if your child experiences a prolonged absence from school.
     
     
That's not all. The plan also offers:
  • Premium waiver till the maturity of the policy in the event of natural or accidental death or total and permanent disability of the insured person.
  • Swift payment of an emergency fund to the beneficiary (in case of death of the insured person)
The Education Saving Plan provides you with the following benefits:
  • Savings that will grow at a guaranteed rate of return.
  • Annual Dividends on investment, when declared.
  • Premiums can be automatically collected from your bank account, so you do not have to worry about missing a payment.
  • Varied collection of your savings when your plan reaches maturity, in any of the following forms:
Ł ††A lump sum amount
Ł ††Guaranteed annual payments from three to ten years.

To learn more about Education Savings Insurance Plan, please contact BankMed call center on 01 - 70 80 90 available 24 / 7 to answer all your questions or visit one of our branches.