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The Educare Education Plan helps secure your children’s future today.

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The Educare Education Plan helps secure your children’s future today.

Secure your child’s future today

This educational insurance cover combines savings for your child’s education with life cover to ensure that your dreams for them are realized.

If you opted for Kes1,000,000 sum Assured, and a tenure of 10 years these would be your guaranteed benefits

Benefits
Maturity Benefit
  • You will be paid Kes 300,000 every year from year 6 to year 9 (Kes 1,200,000 in total)
  • You will also be paid Kes1,000,000 in year 10
  • Total benefit payable by the end of the policy is Kes 2,2000,000
Natural Death
  • All future premiums due will be waived
  • Kes1,000,000 is immediately paid to your beneficiaries
  • Partial maturities of Kes 300,000 will be paid annually from year 6 to year 9 (Kes 1,200,000 in total)
  • Kes 1,000,000 will be at maturity, in Year 10
  • Total benefit received is Kes 3,200,000
Accidental
  • All future premiums due will be waived
  • Kes2,000,000 is immediately paid to your beneficiaries
  • Partial maturities of Kes 300,000 will be paid annually from year 6 to year 9 (Kes 1,200,000 in total)
  • Kes 1,000,000 will be at maturity, in Year 10
  • Total benefit received is Kes 3,200,000
Critical Illness
  • All future premiums due will be waived
  • Kes500,000 is immediately paid to your beneficiaries
  • Partial maturities of Kes 300,000 will be paid annually from year 6 to year 9 (Kes 1,200,000 in total)
  • Kes 1,000,000 will be at maturity, in Year 10
  • Total benefit received is Kes 2,700,000
Permanent Total Disability (PTD)
  • All future premiums due will be waived
  • Kes1,000,000 is immediately paid to your beneficiaries
  • Partial maturities of Kes 300,000 will be paid annually from year 6 to year 9 (Kes 1,200,000 in total)
  • Kes 1,000,000 will be at maturity, in Year 10
  • Total benefit received is Kes 3,200,000
Premium Discounts There are premium discounts based on your preferred cycle of premium payment laid out as follows: A discount of 4% for quarterly premium payments, 6% for semi-annual premium payments and 8% for annual premium payment
Medical Examination Lien Option For sums insured below Kshs 5 Million the policyholder may opt not to undertake medical examinations. In the event you choose this option you will be subjected to waiting periods applied to payments on natural death, critical illness and permanent total disability from natural causes. An insured has the option of undertaking medical examinations at Sanlam Life Company cost and getting exempted from the waiting period applied to payments on natural death, critical illness and disability due to natural causes.
Sums assured above Kshs 5 million must undergo a medical examination
Free Look Period
  • If you are not satisfied after the policy has been accepted by Sanlam Life , you have 30 days within  which you can cancel the policy and receive a full refund of any premiums paid

Terms & Conditions

Disclaimer

This solution is underwritten by Sanlam Life Assurance Company Limited. Insurance products are distributed through Standard Chartered Insurance Agency Limited, a wholly owned subsidiary of the Bank that is regulated by the Insurance Regulatory Authority. Standard Chartered Bank Kenya Limited is regulated by the Central Bank of Kenya. Terms and conditions apply.