At Alinma Bank, we can help you secure your children’s future with our Taleem program, which helps you devise a financial plan to cover the cost of higher education in view of the constantly increasing cost of education
Special Offer
- 20,000 akthr point
- Offer is valid from 29/07/2024 to 30/09/2024
Benefits that keep pace with your needs
- A financial plan that allows you to choose from a variety of savings, protection, and investment packages that suit your goals.
- Waiver from payment of beneficiary subscription in the event of death or disability.
- Flexible monthly deductions starting from SAR 500
- This program continues until beneficiary reaches the age of 18 years.
- The minimum subscription is 5 years.
- The Suspension is after completing 36 months.
- Partial withdrawal of 25% of the total program values after completing 36 months.
- Free, 21-day trial period. If dissatisfied for any reason, you may return the policy with the refund of the subscription amount minus any other expenses.
Taleem program, illustration |
|
Years35 |
Insured age |
Year1 |
Beneficiary age |
500SAR |
Contribution / monthly |
17 Years |
Policy term |
102,000SAR |
Total premium invested policy term |
112,000SAR |
Total premium invested policy term including projected return 3% |
134,000SAR |
Total premium invested policy term including projected return 5% |
160,000SAR |
Total premium invested policy term including projected return 7% |
Waiver of contribution |
Basic coverage |
-There is NO guarantee that the investment return shown above will be achieved. This illustration is based on indicative- The projected growth rates, as shown in the table above (i.e. 3%, 5% and 7%) are gross rates, before any applicable investment management charge. The effect of investment charge is already taken into account in the illustrated values
|