Who is the beneficiary?

An Education Savings Policy is a structured savings plan designed to help parents and guardians accumulate funds for their child's education while providing financial security in case of unexpected events.

Ensures Future Education Costs Are Covered

• Helps parents save systematically for tuition, books, and other educational expenses.
• Provides financial security even if education costs rise over time.

Dual Benefit: Savings & Protection

• In case of the policyholder’s death, the policy continues, ensuring the child’s education is funded.

Financial Discipline & Goal-Oriented Savings

• Encourages structured and consistent savings to avoid last-minute financial stress.
• Helps achieve long-term education goals without relying on education loans.

Maturity Benefits & Bonuses

• Provides a lump sum amount at maturity, which can be used for school or college fees.
• Policies offer bonuses, increasing the final payout.

Tax Benefits

• Premiums paid offer tax relief to the policyholder.
• Maturity proceeds may also be tax-exempt, reducing financial burden.

Higher Education Planning

• Supports college, university, or specialized training costs, ensuring a bright future.