SCHOOL FEES GUARANTE
Foreword
Education is universally recognized as an
important stepping stone to improve the
socio-economic status of individuals, families,
and communities. This product aims to
protect the desire of parents to provide a
good education for their children by reducing
the risk of learners dropping out of
school/college because of financial difficulties
in paying school fees due to death, disability,
or critical illness of the parent/guardian
WHY EDUCATION FEE GUARANTEE SCHEME.
We’re living in a world full of uncertainties
and unforeseen dangers. One needs
appropriate insurance cover, to ensure that
his/her family is effectively protected from the
financial impact of such uncertainties.
COVER
>Covers the School Fees Payer’s
(a) Life in case of Normal or Accidental death
(b) Disabilities due to Critical illness or
accident.
BENEFITS
>School Fees payments equal to the number
of remaining years, incl. the current year of
studies, to complete education at the specific
school/college
>The product focuses on three main levels of
education i.e. Primary, Secondary and
Tertiary.
>Premium is paid annually
>Cover can be on a single or joint life
(member with spouse).
>Benefit amount escalates automatically at
fixed rate of 5% per annum
ELIGIBILITY
>The minimum age at entry for a member is
18 years.
>The maximum age at entry for a member is
70 years.
Sayings of the wise:
> “It is not beyond our power to create a world
in which all children have access to a good
education. Those who do not believe this have
small imaginations.” – Nelson Mandela
The school/college in collaboration with the
parents will decide beforehand as to which
benefits they want to enjoy under the policy.
Once selected, this will apply in uniform for
lives insured under the policy, with the
exception of joint life cover which will be at
the option of the parent/guardian or fee payer.
The policy premium for each year (both initial
and subsequently at renewal) will be
dependent upon the level of schooling and the
remaining years of cover at the start of that
year. Premiums will be payable through the
bank account by the school/college on behalf
of the individual members of the scheme.
***Our premium starts as low as from TZS
12,130 Per annum*** The premium is based
on your children's education level, school
fees, and the number of lives you want to
insure.
Sanlam Life Assurance
Head Office
9th Floor, Amani Place, Ohio P.O.
BOX 21228, Dar es salaam T+ 255
22 2120188 F+
255 22 212 0193 E- i
nfo@salamlifeinsurance.co.tz www.sanlam.co.t