Study Secure is an insurance plan that provides increasing life insurance protection coverage for your child while allowing you to prepare for your child’s future education expenses through guaranteed education stipend payouts. This plan comes with a Contingent Allowance Benefit, which gives out additional annual cash benefits to your child if you pass away or become totally and permanently disabled before the scheduled cash benefits are paid. Finally, you have the option to boost the savings component of your Study Secure plan by adding a Variable Life Insurance Rider which in the long term, may provide positive market driven returns.

You may get this plan with flexible payment options of 5 years or 10 years. Discover more features in the product brochure.

The guaranteed Education Stipends that come with your Study Secure Plan can help you ensure that your children finish their studies no matter what happens to you. The Education Stipends, which are equivalent to 40% of your Sum Assured, are paid annually  starting on your preferred payout date (Benefit Commencement Date). Each payout advances a portion of the death benefit per year. 

Your child may also get an Academic Excellence Award equivalent to 10% of the Sum Assured, if your he/she graduates with honors.

To help ensure that your child’s educational needs are met no matter what happens to you, he/she will be entitled to receive a yearly Contingent Allowance Benefit equivalent to 20% of the Sum Assured to be paid on the policy anniversary following the payor’s death, until the year before the Education Stipends paid.