Security and peace of mind

Yet there is a way in which the costs can be dramatically reduced and put easily within your reach. The answer is the Child Protection Plan from Alliance. By setting aside a fraction of your income now before you need the funds, parents can ensure the availability of adequate cash when it is needed most. The child Protection Plan is specially designed to assist the forward thinking parents in providing for their children's future education needs in a planned manner. Adequate availability of funds assists you in realising your plans. There is also built in security by way of life assurance protection for both the parent and the child.

Death Benefit

if the payer dies while the child is alive, the following benefits are payable:

a) A monthly income of 1 % of the sum assured is paid to the child upto the end of the policy term or earlier death of the child:
PLUS
b) The sum assured together with accumulated bonuses is paid to the child at the maturity of the policy:
PLUS
c) The payment of premium ceases at death of the payer _ and no further Premiums are required. If the child dies during the Term of the Policy, the sum assured is paid as follows:

Survival Benefits

On survival of both the parent and the child at maturity, the full sum assured plus bonuses are paid. Start your regular contributions well before your child goes to school, and you can build up funds to pay the bills when they start arriving. Obviously investing regularly takes a while to build up the fund you need. For that reason parents who begin with Alliance's Child Protection Plan when their children are young can reap the biggest benefits.