Education Plan
As you are aware, the cost of providing a good education to your children can be very high. These costs are continuously rising and therefore require careful planning.
The education plan will give you the peace of mind you are looking for. In fact, the education plan has been designed to give a guaranteed regular income to pay your Child’s anticipated college expenses in the years to come.
The education plan consists of 3 phases:
- The Accumulation Phase:
During the accumulation phase your saving account is invested so that the plan is able to provide you the guaranteed college fees starting from the end of the phase.
- The Contribution Phase:
The contribution phase is the period during the accumulation phase when you actually make your investment to the plan.
- The Payout Phase:
During the payout phase your child will receive the college fees for the number of years that you requested when you began your plan.
For more details contact our Banccassurance Officer, Saleh Al Naamani on 24489382 or 99461598
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