Why Education Insurance is a Must-Have

Education is a privilege that not every Nigerian child gets to enjoy. Even in the 21st century, some parents struggle to pay for their child’s education after they finish secondary school. In these situations, most parents take on loans and put together as much money as possible so their children can still attend university and get the education they want.

What is Education Insurance?

Education insurance is a type of insurance that provides coverage for the cost of tuition and related expenses for you or your child. You can buy it as an individual policy or as part of a family policy.

Why Is Education Insurance Important?

Education is one of the most important investments you can make in your life – but even the best investment can’t always be predicted or planned. What happens if the worst-case scenario happens and you suddenly have to quit your job or take time off to pursue your studies? What happens if your parents are no longer able to support you financially? These are just some of the reasons education insurance is a significant investment.

Why Do You Need To Buy Protection for Your Child’s Education?

Education can be costly, and not everyone has the financial means to pay for it. If you have children of your own, you want to ensure that they are protected in the event they have to pursue their dreams of getting an education. This is why you should buy an education insurance plan for them.

Protect Your Children's Education with AXA Mansard's EduPlan

The cost of education is worrying, but you are not alone. Parents are facing many financial challenges today. The rising cost of tuition and other fees has strained families' budgets, particularly when students need more support as they progress through school.

The good news is that there is a solution to this problem: AXA Mansard's EduPlan. The EduPlan insurance plan can help parents protect their children's future by providing financial security in case of an unexpected death or disability. The EduPlan covers education-related expenses, including tuition and fees, books, equipment and supplies, transportation expenses, and other incidental costs.

Benefits of EduPlan to You

You get one free annual health check at the designated hospital.
AXA Mansard will send you the total value of the money saved when your policy duration ends.
As a loyalty bonus, AXA Mansard will add three months' worth of premium to your policy value every five years. You have the option to get this bonus as cash.

Benefits of Education Plan to your beneficiary

In case of death, your named beneficiary will enjoy the following benefits:

Your named beneficiary receives the total amount insured.
We pay family income (5% of the sum assured) annually to the named beneficiary until the policy ends.
When the policy duration ends, we pay the total value payable to your named beneficiary.
AXA Mansard will pay premiums due during the policy term until it ends.