Millennium Education Scheme (III) with GA Icon

Millennium Education Scheme

Free education is only up to high school. If you want your child to go to private school/college the Millennium Education Scheme provides a perfect opportunity to start saving for your child’s college education and more.

The returns are also perfectly timed with the age of your child when they will need these finances.

BENEFITS
Protection Icon

Protection

Tax Rebate Icon

Tax Rebate

Survival Benefit Icon

Survival Benefit

Premium waiver upon death Icon

Premium waiver upon death

Term rider benefit Icon

Term rider benefit

Eligibility Default Icon
Eligibility
  • Parents/Legal Guardian
  • Parents/Guardian Age: 18 – 60 years
  • Child’s Age: 0 – 10 years
  • Sum Assured: Minimum Nu 100,000
  • Loan: Ineligible
  • Surrender: After 2 years of the premium payment
Benefits Default Icon
Benefits
  • Monetary returns of 30% of sum assured from age 16 -17 & 40% of sum assured on 18 years
  • Guaranteed Additions on 18th year
  • Term Rider Benefit
  • Premium Waiver in the event of untimely demise of proposer
  • 50% Tax Rebate
Proposal Checklist Claim Checklists Claim Forms Others