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Personal Banking
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UOB Bancassurance
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Life Assurance
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EduSaver
UOB BANCASSURANCE
Life Assurance
EduSaver
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For Your Children's Future
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Getting your children ready for college/university is no simple task. Both parents and children must be
ready. As parents, are you ready to meet the escalating costs of tertiary education?
With EduSaver, you can set up a savings fund for your children's future
education needs. |
Introducing EduSaver...
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The Benefits of EduSaver:
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- Advance Cash Payment i.e. 40%, 30% and 30% respectively of the Sum Assured are payable in the last three years prior to maturity of the policy.
- Attractive Maturity Payment i.e. the remaining 30% of the Sum Assured together with bonuses (if any) are payable upon maturity.
- Tax Savings of up to RM3,000
- Education Excellence Award which rewards your child for distinctions achieved in the examinations, i.e. UPSR/PSLE, PMR/Unified Examination Certificate (Junior) and SPM/SPVM (Form 5)/O-Level/Unified Examination Certificate (Senior).
- Guaranteed Insurability Option allows your child to opt for a Whole Life or Endowment Plan that provides Death and Total and Permanent Disability (TPD) coverage 60 days before the maturity of the policy.
- Coverage on Death and Total and Permanent Disability (TPD)
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Other Benefits
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Accrued Reversionary Bonus and Terminal Bonus (if any) is payable upon surrender, TPD and death.
Eligibility
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Entry Age: Minimum is 2 weeks old, Maximum is 17 years old, depending on the cover term
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Maximum Expiry Age: 25 years old.
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Cover Term: Minimum is 8 years, Maximum is 21 years.
Sum Assured
- Minimum is RM10,000. There is no maximum Sum Assured.
Enrolment
- Visit the nearest UOB branch for more details.
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