Higher Education Assistance Plan


In today’s fast-changing world, school leavers are increasingly looking to higher education to gain a competitive edge. Funding your child’s further studies can be an expensive undertaking; one that requires careful planning.

Alliance’s Higher Education Assistance plan helps you structure your savings to meet the costs of your child’s ongoing education. The plan has a built-in life assurance provision and allows you to save over a set period, without having to make constant personal sacrifices, so it’s especially suitable for parents on a limited income.

It is easier to pay higher education costs by saving small amounts over a period of 15 to 20 years than to face a large bill with little put aside. Planning ahead is the key to a stress-free future; you can reap maximum benefits from this plan by starting soon after the birth of your child.

This plan is specifically designed to synchronise payouts in line with the payment of college or university fees and other annual expenses. It is a with-profit plan, which gives you the basic sum assured plus bonuses in four equal annual installments immediately following the expiry of the premium payment term.

Maturity Benefits of the Plan:

Immediately after completing the premium payment term, you will receive the basic sum assured plus accrued bonuses in four equal annual installments, to meet your child’s higher education costs.

Death of the assured Payer:

If death occurs during the premium payment term, your policy remains intact with full benefits, and all future premiums are waived.

If the child dies during the Term of the Policy, the Sum Assured is paid as follows:

Age at Death
% of sum Assured
1 year 20% plus bonuses
2 years 40% plus bonuses
3 years 60% plus bonuses
4 years 80% plus bonuses
5 years 100% plus bonuses


If you suffer a lengthy illness or are unable to work due to an accident, the plan has a built-in premium waiver so payments don’t become a burden while you are incapacitated.

Automatic Premium Loan

The best-laid plans can sometimes be affected by cash crisis. If the assured payer suffers from such a crisis and is unable to pay the premiums, then such unpaid premiums will be paid from the cash value of the policy. Hence, both the payer and child assured will be able to enjoy the full protection as long as there is cash value in the policy.

Policy Surrender

The plan acquires a cash value after the payment of two full year premiums and after the completion of two year of duration. The assured payer may surrender the policy for its cash value any time after the plan has acquired a cash value.

Other non-forfeiture benefits

The plan has a paid-up and an extended term assurance option which can be exercised after the payment of at least two full years premiums.

Choose from the following additional cover benefits:

Accidental Death Benefit (ADB):

In cases of accidental death, the full sum assured is payable in addition to basic sum assured.

Accidental Death And Dismemberment Benefit (AD&D):

Additionally, 100% sum assured if you lose two limbs or loss of sight in both the eyes and 50% on loss of one limb or one eye due to an accident, the sum assured is payable and the policy is kept in force, provided premiums are paid regularly.

Family Income Benefit (FIB):

If death occurs during the premium payment term, there is an option for monthly income payments to be made to your family, as endorsed by the policy schedule.

Critical Illness Cover (CI):

Alliance has attached critical illness cover as a rider to help meet the costs of medical treatment should you suffer from a serious medical conditions (see below). In such circumstances, you will receive the sum assured under this rider, subject to terms and conditions.

  • Cancer
  • Multiple Sclerosis
  • Paralysis
  • Coma
  • Major Bums
  • Blindness
  • Myocardinal Infarction
  • Coronary Artery (Bypass) Surgery
  • Stroke
  • Renal Failure
  • Major Organ Transplantation


This rider provides compensation in case of Permanent, Partial and Temporary disability benefits due to accident and provide additional sum assured in case of Accidental Death.


If you stuck up in the area where the war declared abruptly the claim is payable for the benefit covered under the policy.


It provides compensation in case of disability due to Accident or Sickness.

Policy Currency:

US Dollars (USD)
UAE Dirhams (AED)

Age Requirements:

Minimum age at entry is one year old
Maximum age at entry is 65 years old
Maximum coverage age is 75 years old

Contact our support team on 04 605 1111 or email care@alliance-uae.com for details.

Plan Term:

The Plan is available for a minimum term of ten (10) years and a maximum term of twenty (20) years.

Mode of Payment:

Premium payments can be made: monthly, quarterly, half-yearly or annually.

Premium Payment Term:

Premium payment term is plan term minus three years. The premium payment term is such that at its end, a child should attain the age of 18 years. The minimum premium payment term is seven (7) years and the maximum is seventeen (17) years. The term is based on the age nearest birthday of the assured child. For example, if child’s age is 2 years, then premium payment term will be sixteen (16) years and plan term will be nineteen (19) years.