Some of the parents do sometimes extra-ordinary efforts to meet their children need of quality education. Because a good education can make children successful in his own life and for sure will be a useful and valuable human for the society.
For achieving this goal and aim of every parent there is a need of planning, in which Educational needs of today & tomorrow of a children may get secure.
The Child Education Plan is a Family Takaful product, specially designed according to the challenges that we see in our every day life around us regarding our children. The Child Education plan deals these challenges in two great dimensions i.e. protection and savings tool for children higher education.
This plan ensures that your Child Education will continue even if you may not around and is also a Savings Plan that can provide an amount of money when your child reaches the age for entry into college/university for higher education. The funds than can be used to pay for your child's higher education expenses.
The Child Education Plan contains these key benefits & features:
- As Financial Protection for your Family, In case of Death (God Forbid), Takaful Account will pay all remaining yearly Contributions till end of the Plan.
- As another key Financial Protection feature for your Family, In case of Death (God Forbid), an agreed monthly Family Income Benefit will be payable by Takaful Account till the end of the Plan.
- Through your PIA (Participant’s Investment Account) your amount will be invested in Halal & Riba Free businesses.
- On maturity, the matured amount will be paid to your nominated child to fulfill his/her financial needs.
- Partial withdrawals from the PIA (Participant’s Investment Account) are allowed in case of need (rules & regulations apply).
- This plan is available for all Pakistanis around the world.
- This is a Tax Free Plan.
