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Child Education
Planning your child’s education with a savings plan that offers flexible investment personalised as per your needs and budget.
About this product
SICOM Angel Plan has been designed to enable parents to save for their children’s future cost of education and provides maximum security in case of death and/ or disability of the parent/s.
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Choice of Early Encashment
Choice of getting a lump sum at maturity or cashing part of Sum Assured earlier
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In case of Death or Permanent Disability of parent
The policy remains in force in such unforeseen circumstance
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Range of Benefits
Provision of Death cover, Total & Permanent Disability and Student Income Benefits under one single policy
Product Features
Choose SICOM Angel Plan & benefit from:
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Maturity Benefits
Sum Assured plus bonuses accrued to be paid in a Lump Sum at maturity or option to cash part of the Sum Assured earlier by opting for an Annual benefit payable for the last five years of the policy
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Death or Disability Benefits
In case of death or permanent disability of parent, the full sum assured becomes payable. Premium is waived (no need to pay future premiums) and on maturity of the policy the Sum Assured is again payable with accrued bonuses
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Student Income Benefit (Optional)
A student income benefit can be purchased which will be payable on a monthly basis to the child in the event of death or disability of the parent
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Additional Benefits
The plan can be pledged as collateral security for a housing loan taken with SICOM Ltd
( Terms and conditions apply)*
Useful Information
Death or Disability benefits
In case of death or permanent disability of parent, the full sum assured becomes payable. Premium is waived (no need to pay future premiums) and on maturity of the policy the Sum Assured is again payable with accrued bonuses.
Student Income benefit (optional)
A student income benefit can be purchased which will be payable on a monthly basis to the child in the event of death or disability of the parent.
Additional Benefits
The plan can be pledged as collateral security for a housing loan taken with SICOM Ltd.
Parent Age at entry between 18 and 60 subject to underwriting
Age Limit At Start
Child as from birth; Parent Minimum 18 years & Maximum 65 years
Age Limit At Maturity
Child to be within 18 and 25 years ; Parent’s next birthday + terms not exceeding 70 years
- National Identity Card
- Recent Utility Bill (not more than 3 months old)
- Birth certificate
- Marriage Certificate (if applicable)
- Bank details for payment of premium
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Choice of Early Encashment
Choice of getting a lump sum at maturity or cashing part of Sum Assured earlier
-
In case of Death or Permanent Disability of parent
The policy remains in force in such unforeseen circumstance
-
Range of Benefits
Provision of Death cover, Total & Permanent Disability and Student Income Benefits under one single policy
This product is offered by: State Insurance Company Of Mauritius Ltd
BRN:C07007065
FSC License No: IS10000020