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.

Requirements

1. Completed Proposal Form
2. Completed KYPH form
3. Personal Identity Documents (any of one of the below will suffice)

• i. copy of Data Page of International Passport
• ii. copy of National Identity card
• iii. copy of National Driver’s License
• iv. copy of Voter’s Card

1. Documentary evidence of address (any of one of the below will suffice)

• i. Recent telephone bill
• ii. Recent Electricity bill
• iii. Bank account statement
• iv. Tenancy Agreement

1. Evidence of premium payment/Credit note whichever is applicable
2. Annuity
3. Completed Proposal Form + Passport Photograph of annuitant and beneficiaries
4. Completed KYPH form
5. Personal Identity Documents (any of one of the below will suffice)

• i. copy of Data Page of International Passport
• ii. copy of National Identity card
• iii. copy of National Driver’s License
• iv. copy of Voter’s Card

1. Documentary evidence of address (any of one of the below will suffice)

• i. Recent telephone bill
• ii. Recent Electricity bill
• ii. Bank account statement
• iv. Tenancy Agreement

1. Birth Certificate of Beneficiaries
2. Copy of Statement of account (in case of conversion)