|
|
|
|
|
 |
|
Education Plan: “Bara3em el Ghad” |
|
|
Every Child Deserves the Best Possible Start in Life.
Nowadays higher education has become a necessity to insure a bright future to our
children. However, the cost of education is considerably increasing and might constitute
a financial burden if we don't plan for it.
This is why LSB Allianz SNA combined their expertise to present the Education
Plan: the adequate solution that provides you saving and protection for your children's
education.
|
|
|
|
Covers
|
The agreed upon university tuitions are paid once the child reaches the pre-defined university age in case of natural or accidental death (or optional) total permanent disability.
(Optional) The pre-decided schooling tuitions are paid in case of natural or accidental death or total permanent disability. |
|
Advantages of the Plan |
The possibility to save the required university tuitions through monthly contributions automatically debited from the insured person’s bank account with no additional charges.
The option to protect the insured amount and the investment amounts from inflation through an increasing annual variation rate of 1% to 10%.
A minimum guaranteed rate on investment of 4% annually.
The possibility to profit from additional return on investment according to the dividends rate declared yearly by Allianz-SNA.
|
|
Enrollment Conditions |
The insured should open an account at LSB.
Age between 18-55 years.
Minimum monthly premium: USD 25.
|
|
|
Illustrative Table
Figures are based on a monthly premium of 50 USD with an annual variation rate of 3%.
|
|
Age of
Insured
|
Age
of Child
|
Total Paid Premiums (USD)
|
University Tuition when Child reaches 18
**(USD)
|
|
4% minimum guaranteed annual return on
investment *
|
7% annual return on investment
|
|
28
|
1
|
13,152
|
16,896
|
22,745
|
|
30
|
2
|
12,180
|
15,355
|
20,331
|
|
33
|
3
|
11,244
|
13,871
|
18,093
|
|
37
|
4
|
10,332
|
12,400
|
15,922
|
|
41
|
6
|
8,580
|
9,814
|
12,219
|
|
44
|
8
|
6,924
|
7,563
|
9,124
|
* In case of any Increase or decrease of the minimum guaranteed rate, It shall only affect allocations generated from future premiums paid after the date of such change. Therefore the above investment amounts might change accordingly.
** The University Tuition can be either paid as a lump sum or spread over annuities starting from the age of 18 which increases its total value.
|
|
For more information or to ask for a personalized offer, please visit any of our
branches
and we will be glad to provide you with the necessary information. |
|
|
|
|
|