Best Education Insurance Plans in Kenya: A guide to Parents.

One of the best things that a parent can invest in the future of the child is education. But as school fees are increasing in Kenya, education insurance policies are being resorted to by most families to enable the achievement of their academic success by the children. This is a guide to the most appropriate education insurance programs in Kenya that are affordable, flexible and offer guaranteed returns to parents seeking financial security.

The Reason You should have an Education Insurance Plan in Kenya.

• Increasing school fees: School fees at primary, secondary, and university are constantly rising.
• Financial security: Prevents the eventuality of the unexpected happening to your child in terms of studying.
• Benefit-based savings: Unlike when people save in ordinary savings bank accounts, education insurance schemes in Kenya also come with life cover and bonuses.
• Peace of mind: You do not have to worry about financial burden in the future, because you can concentrate on the education of your child.

Best Education Insurance Plans in Kenya.

The best education insurance policies in Kenya are provided by the major insurance companies as follows:

Britam Education Plan

• Rewards customizable premiums.
• Ensures that it makes lump-sum payments at major education levels.
• Has a life cover that insures the future of your child in case you are gone.

Jubilee Education Plan

• It is one of the most popular education insurance schemes in Kenya.
• Both savings and protection benefits.
• The policyholders are guaranteed of maturity benefits once the child attains the level of the university.

CIC Academia Policy

• Specifically designed to suit the needs of parents who are saving to educate their children.
• Pays school fees and other extra-curricular costs.
• Provides a waiver of the premiums due to disability or death.

ICEA Lion Education Policy

• Offers a scholar fund to children.
• Comprising of life insurance and growth of investments.
• Plans that can be adapted to various levels of income.

Old Mutual Education Plan

• It is structured in both the short and long term educational requirements.
• Includes life assurance cover.
• Gives competitive returns to your investment.

Considerations in picking an Education Insurance Plan in Kenya.

Be sure to remember when choosing the appropriate plan:

• Premiums – Select a plan that you can make contributions to.
• Beneits of maturity – seek policies that promise to give good returns at various levels of schooling.
• Flexibility – Certain policies enable you to change the payments when your income increases.
• Life cover – A good life insurance cover guarantees the education of your child regardless.

The advantages of Education Insurance Policies in Kenya.

• Promotes saving habit.
• Cover children against financial failure due to unexpected occurrences.
• Makes lump -sum payments at key education milestones.
• Empowers parents to make plans.

It can be concluded that the best insurance to secure your child future in Kenya is education insurance.

The selection of the most appropriate education insurance in Kenya makes sure that the academic path of your child is not put at risk. You can choose between Britam, Jubilee, CIC, ICEA Lion or Old Mutual, but the most important thing is to get used to it early and consistently.

You will not only be saving money with the right education policy but also investing in your child success and peace of mind to your family.