Taleem Program

Taleem Program

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

 

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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
Years
35

Insured age
Year
  1

Beneficiary age
  500
SAR 

Contribution / monthly
17 Years 

Policy term
102,000
  SAR 

Total premium invested policy term
112,000
SAR 

Total premium invested policy term including projected return 3%
134,000
SAR

Total premium invested policy term including projected return 5%
160,000
  SAR 

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