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
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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