Introduction
Securing a child’s future through education is one of the most important steps a parent can take. In Kenya, insurance companies have recognized this need and offer various education insurance packages tailored to help parents save for their children’s future education. With the keyword “cheap education insurance package in Kenya” in mind, this article explores some of the most favorable insurance companies and their offerings.
- Old Mutual Kenya
Old Mutual Kenya is a leading insurance company in the country that provides an education insurance plan called the Elimika Education Plan. This plan allows parents to invest as little as KShs 2,500 for up to 21 years, offering staggered payments to cater for your child’s school fees. The plan also guarantees that in the event of the policyholder’s untimely demise, the remaining premiums will be waived, ensuring the child’s education is still funded as per the parent’s wishes.
- APA Insurance Kenya
APA Insurance Kenya offers the Elimu Plan, a tailor-made education insurance package designed to ensure that your child’s school fees are readily available. This plan is specifically aimed at providing a reliable financial cushion to keep pace with rising tuition fees, ensuring your child receives the education they deserve. The Elimu Plan underscores the importance of securing your child’s future with a solid education.
- Jubilee Insurance Kenya
Jubilee Insurance Kenya offers the Career Life Education Plan, which caters to both the parent and the child by providing a life cover and a savings plan for your child’s education in one package. This plan is aimed at ensuring that your child’s education is guaranteed whether you are there or not. The company emphasizes the importance of planning for your child’s future education early on.
- Britam Insurance
Britam Insurance provides the Elimu Bora Education Plan, a combination of insurance protection and savings designed to provide funds for your child’s education. This plan offers a sum assured upon maturity before the insured 19th birthday, and in the unfortunate event of the parent’s death, the company pays 50% of the amount on the cover for the needs or upkeep of the child mentioned in the policy. This plan ensures that the child’s education is secured, regardless of unforeseen circumstances.
Conclusion
There are several favorable education insurance packages in Kenya tailored to help parents secure their children’s future education. The keyword “cheap education insurance package in Kenya” suggests a keen interest in finding affordable yet reliable options. Companies like Old Mutual Kenya, APA Insurance Kenya, Jubilee Insurance Kenya, and Britam Insurance offer comprehensive education insurance plans that not only cater to the financial needs of your child’s education but also provide a safety net in the event of the parent’s untimely demise. It is crucial for parents to research and compare the various options available to ensure they choose a plan that best fits their needs and financial capabilities.