Future Education Plan (FEP)
Every parent wants their child to have the best tertiary education in this progressively competitive world. But higher education becomes increasingly expensive every year. Our Future Education Plan ensures a disciplined and regular saving habit which will act as a saving vehicle so that even if you are put out of action due to disability or early demise, your saving strategy will still be achievable.
This plan provides coverage on a single life basis for a minimum of 10 years, including guaranteed investment returns designed to finance the high cost of education for the future needs of your children.
- Payment of the remaining future premiums will be waived in case of death or permanent total disability
- Family Income Benefit: an annual income will be paid to the beneficiary (or legal guardian) until the maturity date in case of death or permanent total disability
- On the maturity date of the policy, the guaranteed maturity value will be payable to the beneficiary (or legal guardian)