LASACO Children’s Education Plan

It ensures an educational legacy for children and wards. It a pays a lump sum to beneficiaries in the event of the death of the sponsor

Features of LASACO Children’s Education Plan

Minimum tenure of 5 years

It has minimum tenure of 5 years and flexible thereafter

Death before Maturity

If death occurs before the maturity date, the beneficiary shall receive 90% of total contributions paid and basic sum assured

Flexible premium payment

You choose a mode of payment convenient for you i.e. Monthly, Quarterly, Half-Yearly, Yearly or Single Premium.

Provides for cash withdrawal

Provides for cash withdrawal of 40% of two years account balance after two years premium must have been paid.

Provides a life assurance cover

Provides life assurance cover to the tune of the sum assured provided premiums are paid to date

Termination of contract

This policy allows for termination of contract before 2 years subject to administrative charge of 5% of the account balance

A suite of amazing policy benefits tailored to your specific needs


An avenue for compulsory savings with absolute security

Availability of Funds

It ensures availability of funds at a pre-selected age of the child’s education

Guarantees child's education

The child’s education is not disrupted. by sudden death of the sponsor

Tax Relief

Premium is Tax Exempt

Security of savings

Your investment is 100% safe and secured with us. This policy provides life cover and investment returns

It serves as security for loan

It can be used to secure a loan from any licensed bank in Nigeria

Waiver of Subsequent Premium

In the event of death, subsequent premium payments stop



Plot 16 Acme Road Ogba,

P.O. Box 3724

Ikeja, Lagos, Nigeria.



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National Insurance Commission (RIC 023)

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