Stanbic IBTC Insurance have launched an Education Endowment Plan.
The Education Endowment Plan is an offer to empower parents to be able to secure an academic future for their children.
The plan is to encourage parent and guardians to invest in the educational future of their children.
The Chief Executive Officer of Stanbic IBTC Insurance, Akinjide Orimolade, disclosed this during an interactive session in Lagos.
Akinjide said the Education Endowment Plan is to offer families a strong financial safety net for education.
He stated that this product ensures the protection of their children’s education, regardless of life’s uncertainties; providing reassurance and confidence.
He added that the plan is available for minimum age of 18 and maximum age of 65. The plan term rage from 5 to 20 years.
A premium payment can be made monthly, quarterly, semi-annually, annually or through lump sum payments.
“By making strategic investments today, parents can secure access to education for their children, enabling them to realize their full potential and pursue their aspirations.”
“We are proud to launch the Education Endowment Plan campaign, an insurance product that aligns with our commitment to empowering parents in Nigeria to attain financial security for the education of their children. As a leading insurance provider, we recognize the profound impact education has on a nation and its populace, and we are dedicated to supporting parents in their quest to provide quality education for their children by insuring the future,” Akinjide stated.
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