Education Savings Plan

It’s a medium term savings plan where you can save on regular basis affordable amounts in accordance to your financial status to prepare for your children’s university tuition. In addition, you will enjoy a protection cover as in the unfortunate cases of death (God Forbids) or disability, all remaining premiums would be waived and the children would be paid the agreed upon amounts on the maturity date(s) you have specified in the policy.

You can start saving now to receive at maturity your regular contributions plus the accumulated investment returns

An annual minimum guaranteed rate of interest is granted on the investment contribution.

You will receive your savings over yearly annuities to finance university tuition for each of your children (up to 4 children in one plan).

You are automatically insured against death (God Forbids).

You can also add the total permanent disability insurance cover (optional)

You have the option to maintain your saving plan in Egyptian Pounds or US Dollars

Applicant minimum age is 18 years old

Applicant maximum entry age (for death cover) is 60 years old

Applicant maximum entry age (for disability cover) is 55 years old

The protection cover is applied up to a maximum age of 65 years old

The policy surrender is permitted after the 2nd year.

The plan secure the value of your savings against any future increase in prices; allowing you the option of adjusting your regular contributions (with a defined percentage up to 7%) on an annual basis in order to offset inflation effects on your savings.

You enjoy the flexibility of adjusting any term of the contract at any time during the whole duration of the plan.

All insurance products are offered by Allianz Life Assurance Company – Egypt and under their full responsibility.