Children
Details
education savings

By: BML - Lebanon

Description

The rising cost of education can become a financial burden too heavy on shoulders over the years.

General Conditions

Minimum Monthly Saving Amount:
USD 25
Minimum Period:
8 years
Maximum Period:
18 years
Minimum Guaranteed Rate:
4.00%
Expected Rate:
4.0 %

Benefits

Insurance By:
Medgulf
Insurance Cover:
-
Payment In Case Of Claim:
waiver of premium
Other:
In case of natural /accidental death or permanent disability of the policy holder the company will pay the regular contributions until the maturity of the policy.
-in case of death of the policyholder, the designed beneficiary will collect the equivalent of 50 times the last monthly contribution up to maximum of USD 5,000
-schooling fees to be paid to beneficiary in case of death/total and permanent disablement of the policy holder.

Applicant Profile

Maximum age of child:
10 years
Minimum age of child:
1 years
Maturity Age:
18 years
Maximum Age:
55 years
Retirement Age:
0 years
Other:
BML clients only.Lebanese national residing in Lebanon. Completion of a health questionnaire.

Basic Required Documents

ID for both

More Information

+961(1)987777 - +961(1)986666
Contact