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meEDUCATION
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> meEDUCATION
 One of the main concerns of parents
is to give their children a head start in life. The most
precious gift that children can be offered is good
education. With the continuous increase in the cost of
higher education, it is important to plan ahead to
ensure timely availability of funds.
meEDUCATION Plan is
the comprehensive solution that guarantees sufficient
funds for your children's higher education.
COVERS
- Children's university
fees in case of death or total permanent disability
(optional) of the insured person.
- Optional: Children's
schooling fees in case of death or total permanent
disability of the insured person.
ADVANTAGES OF THE PLAN
- You can build your
children's university funds as of today, through
monthly moderate payments, automatically debited from
your bank account, with no additional charges.
- You can protect your
investment against inflation through an annual
escalation rate.
- You will benefit from a
minimum guaranteed rate of 3% on your investment.
- You will also benefit
from additional returns on your investment as to be
declared annually by NGI.
ENROLLMENT
CONDITIONS
- The insured person
should be a bank account holder at Emirates Bank.
- Age bracket: 18-57 years
- The minimum monthly
contribution is AED 160 or US$ 40.
Illustrative Table
Figures in AED. Figures are
based on a monthly contribution amounting to AED 200
with an annual escalation rate of 3%
| Age of
Insured at inception |
Child's
Age |
Total Paid
Contributions At Maturity |
University
fees at child age = 18* |
| 5% Yearly
Return on Investment |
8% Yearly
Return on Investment |
|
28 |
1 |
52,980 |
69,315 |
89,449
|
|
30 |
2 |
49,032 |
62,622 |
79,516
|
|
33 |
3 |
45,204 |
56,234 |
70,275
|
|
37 |
4 |
41,496 |
50,062 |
61,563
|
|
41 |
6 |
34,404 |
39,222 |
46,724
|
|
44 |
8 |
27,744 |
29,929 |
34,558
|
* The University fees could
be paid either in Lump sum, or in yearly installments as of the age of
18.
|
