Education Plans

Tryus Insurance Agencies

Education Plans

The best gift you can ever give your child is a bright future, and in this day and age, a great deal of your child’s security lies in financial planning from a tender age. Timely investments are crucial when selecting the ideal education plan for your child.

Our education plans ultimately help in financial planning for your child’s future need and ensures that your child gets the best in the future To help you with this, Britam offers you tailor made solutions that you can choose from.

Msingi Poa

Msingi Poa Education Plan

This plan secures your child’d education Milestones. Imagine if your child could access world class education without denting your pockets. Imagine if furthering your studies was not such a daunting task. Britam’s Msingi Poa makes it so much easier for you to finance your education plans and more.

Benefits Of Msingi Poa Policy

The benefits are largely categorised into 3 namely: savings, investments and protection benefit as shown below:

Save to Further Your Studies

Earning that extra degree is not an easy task. Couple it with looking for the money and it can get really messy. Peace of mind is critical in helping you gain the most out of your studies. With Msingi Poa, your peace of mind is assured since it helps you cover the expenses without any worries. How does Msingi Poa help?

You save for a minimum of 8 years and a maximum of 22 years.
The plan pays four lump sum benefits equivalent to 100% sum assured in the last four policy years.
In the last 3 years of the term, no premiums are payable.
You get tax relief on premiums of 15% for policy terms of at least 10 years
After 3 years you can take policy loans of up to 80% of the value of your policy.

Invest in a great future for your kids

Quality education is currently not cheap. You need to know that as your children grow up, they can access world-class education no matter what the cost. As parents, we all want to secure our children’s futures. This starts with quality education. How does Msingi Poa help you invest?

You save for a minimum of 8 years and a maximum of 22 years.
The plan pays four lump sum benefits equivalent to 100% sum assured in the last four policy years.
In the last 3 years of the term, no premiums are payable.
After 3 years you can take policy loans of up to 80% of the value of your policy.

Protect your family’s future

You save for a minimum of 8 years and a maximum of 22 years.
The plan pays four lump sum benefits equivalent to 100% sum assured in the last four policy years.
In the last 3 years of the term, no premiums are payable.
After 3 years you can take policy loans of up to 80% of the value of your policy.

Super E Plus

Super E Plus Education Plan

This plan is a combination of insurance protection and savings that allows customers to arrange for the cost of education in advance. The plan is risk free and provides continuous savings with each premium you pay.

The benefits are largely categorized into three, that is :– savings, investments and protection benefits as shown below:

Grow your savings with Super E Plus

Saving to attain your financial goals is made easier by our Super E Plus. Better yet, your savings appreciate enabling you to gain much more value over time. How does it help you save?

You get guaranteed bonuses of 130% of the sum assured paid in cash over the last 6 years of the policy.
For policies lasting more than 10 years, you are entitled to a tax relief of up to 15% of the premium paid. Better yet, the full amount payable at the end of the policy is completely tax free.
You are entitled to premium discounts each time you make a payment of KES 5,000 and above. This means, you are able to pay a lower premium for the same amount of cover.
In case you miss a payment, all is not lost, you have until 60 days to pay your arrears and proceed with your policy as normal.

Invest Your Way To A Better Future

Whether you would like to invest in your child’s education or your own, Super E Plus gives you the chance to make those investments that count. Your dream home, the plot of prime land you had your eye on or even your business expansion plans. Really, Super E Plus allows you to make your investment dreams a reality. How does it help you invest

It provides 6 bonuses totalling 130% of the sum assured and a lump sum of 100% of the sum assured at the end of the term.
You can also take a loan of up to 80% of the value of your policy. Imagine how much further your business could be with access to such capital. It could be the down payment to your dream home.
For policies lasting more than 10 years, you are entitled to a tax relief of up to 15% of the premium paid. Better yet, the full amount payable at the end of the policy is completely tax free.
In case you miss a payment, all is not lost, you have until 60 days to pay your arrears and proceed with your policy as normal.

Protect The People You Love

We’d all love to know that our loved ones are financially secure in the event that anything happens to us. Super E Plus helps feel confident that their needs will be catered for. How does it help you protect their future?

Super E Plus comes with a life insurance policy equal to the sum assured.
In the event you contract any critical illness covered by the policy for example cancer, stroke or a heart attack, We pay 50% of the sum assured immediately. Also, you will be exempted from paying all future premi ums as we will make them for you. Bonuses and lump sum payments will also be paid when they fall due.
If the insured passes on accidentally, we pay 100% of the sum assured and waives all the other premiums required as we make the payments for you. Also, bonuses and lump sum payments will also be paid when they fall due.
If you are unable to pay the premiums due to a disability, accident or illness, all the future premiums will be paid by us. Also, all unpaid bonuses and maturity benefits will be paid when they fall due.

Boresha Elimu

This is a simple and affordable education savings plan, which secures the future for your child. It provides flexible pay-outs at important stages of your child’s education, perfectly aligned with the new education curriculum 2-6-3-3-3.

High savings returns.
lower policy terms (minimum 6 years)
Simple product design.
High entry ages up to age 60
No premium remittances/payment for the last two years of policy.
Optional Lump Sum Death Cover at affordable rates.

How will boresha elimu secure your child’s future?

Provides financial security during the most crucial years of your child’s life.
Offers a perfect blend of investment and savings in a single plan.
Safeguards the child’s future, even in the event of the untimely demise of the parent.
Guaranteed lump sum amounts equal to the principal sum payable in the last three years of the plan.
Guarantee payment of the maturity benefit, in the event of death or total permanent disability of the life assured before the maturity date.

What are the benefits?

he Plan offers high savings returns; which is a higher return compared to other average education insurance products in the market.
Guaranteed Bonus Payouts; this is the main benefit of this product. The Boresha Elimu Plan pays three guaranteed lump sum payments in the last three years of the plan, equivalent to the sum assured.
Optional Lump Sum Death Cover; There is an optional death benefit, which pays the principal sum in the event of the untimely death of the assured life before maturity.
Surrender Benefits; A surrender benefit is payable and may be accessed from the end of 25th policy month.

What are the key features?

Premiums contributions will not be payable for the final two years of the policy.
The premiums contributions are flexible and affordable. They are payable monthly, quarterly, semi-annually or annually.
Premium contribution period is flexible between 6 and 18 years depending on the education needs of the child.
The product has a medical or none medical underwriting option.
The Plan allows for late age entry up to age 60; the maximum entry age for most education products is currently set at 55 years.

Elimu Bora Education Plan

limu Bora Education Plan is a combination of insurance protection and savings that allows you to prepare for the cost of education of your child. The plan has been specifically designed to provide funds for your child’s fees while in secondary school and a lump sum amount for joining university.

What Are The Benefits Of Elimu Bora Education Plan?

Guaranteed cash bonuses
1. Five annual bonuses amounting of 20% of the sum assured are paid in cash after the child attains 13 years.
Maturity benefit
1. The policy will pay 100% of the sum assured on maturity before the insured 19th birthday regardless of any previous benefit payments e.g. death or bonuses as outlined above.
Death benefit
1. In the event of untimely death of the policy owner, Britam will pay the death rider, waive future premiums and provide full benefits at maturity. All future bonuses will be paid when they fall due.
2. In the event of untimely death of the child, Britam will pay the sum assured or refund the premiums, whichever is higher.
Lien option (Non-medical requirement)
1. This option provides for an increasing death benefit. Death benefit will be a percentage of the sum assured at inception increasing to 100% of the sum assured from the fifth year. The increasing death benefit is cheaper and underwriting requirements are reduced.
Tax Relief
1. An insurance tax relief amounting to 15% of the premiums paid (subject to a maximum of Kshs. 5,000 per month) is available. The full amount payable at maturity of the policy is tax free.

Other optional benefits

Family income benefit
- This benefit provides monthly income to the family in event of untimely death of the policy holder until the policy matures.
Child hospitalization benefit
- The rider pays a fixed cash amount for each day during which the insured (child) is hospitalized following an accident.
Disability benefit
- If you are unable to continue with premium payments due to disability by reason of sickness or accident, Britam will waive all future premiums. All other benefits will be payable when due.
Accidental indemnity benefit
- This rider will pay an additional temporary disablement benefit, hospitalization benefit and a death benefit following an accident.
Funeral expense cover
- The rider provides a lump sum benefit on death of the insured to cover for funeral expenses and is payable within 48 hours.

Frequency and quantity discounts available as per the table below.

Monthly Premium (Kshs)	Discount Rate
0 – 4,999	0.00%
5,000 – 9,999	5.00%
10,000 – 9,999	10.00%
20,000 – 29,999	12.50%
30,000 and above	15.00%

Education Plans

Tryus Insurance Agencies

Education Plans

Msingi Poa Education Plan

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