The Education Pro Protection & Savings Program gram is designed to help you grow your savings to cover your children’s university education costs by creating a Shariah compliant financial plan.
Benefits That Fit Your Needs
- A financial plan offering a diverse package of savings, protection, and investment
- Exemption from subscription payments in the event of the beneficiary’s death (God forbid)
- Flexible deductions starting from a minimum of SAR 300
- The program continues until the beneficiary reaches 18 years of age
- Option to invest savings in various investment strategies tailored for protection and savings products, managed by Alinma Capital
- Temporary suspension option
- Partial withdrawals allowed for emergencies
- Withdrawal possible at any time before the maturity date
- A 21-day free-look period: if not satisfied, you can cancel the policy and receive your subscription amount back, minus any medical exam fees (if applicable) and protection fees
- Flexible payment deduction options via standing order or direct debit
Education Protection & Savings Program | Overview Presentation:
|
Total premium invested policy term including projected return |
Basic coverage |
Term |
Contribution |
Product Name |
|---|---|---|---|---|
|
7% |
||||
|
67,964.73 |
Waiver of contribution |
15 |
300 |
Education (with borrowing based on the child's age of 3 years) |
|
243,112.07 |
15 |
1000 |
||
|
490,102.49 |
15 |
2000 |
- There is NO guarantee that the investment return shown above will be achieved. This illustration is based on indicative.
- The effect of investment charge is already taken into account in the illustrated values