Stanbic IBTC Insurance Launches Education Endowment Plan

Stanbic IBTC Insurance has launched the Education Endowment Plan to support parents and guardians in their children’s academic future. With this new initiative, Stanbic IBTC Holdings hopes to underline the importance of investing in education.

The Education Endowment Plan focuses on parents and guardians, while simultaneously encouraging long-term investment in children’s education. Stanbic IBTC Insurance recommends this plan as a comprehensive investment solution to support children’s academic path.

During a media conference in Lagos, Akinjide Orimolade, CEO of Stanbic IBTC Insurance, stated that the Education Endowment Plan provides a robust financial safety net for families.

“The product protects their children’s education against life’s uncertainties, providing reassurance and confidence. Parents may ensure their children’s educational access by making strategic investments now. This allows people to reach their greatest potential and pursue their goals, he explained.

Orimolade continued, “We are pleased to launch the Education Endowment Plan campaign. This insurance policy supports our mission to helping Nigerian parents secure financial support for their children’s education. Stanbic IBTC Insurance, a renowned insurance company, acknowledges the significant impact education has on a nation and its population. The firm is committed to assisting parents in their efforts to offer great education for their children by ensuring their future.

Orimolade stressed the plan’s relevance in protecting children’s education from life’s uncertainties.

“Losing a parent or guardian is traumatic and can have a significant impact on a child’s scholastic journey. With this in mind, we developed a solution to reassure parents and guardians. It assures that their children’s and wards’ education is secure and uninterrupted, despite of life’s uncertainties,” he stated.

The Education Endowment Plan provides numerous benefits. It provides financial support to dependents if a parent dies, ensures the child’s education, and gives parents piece of mind. It can also serve as collateral for loans in emergency situations. When the plan matures, it pays out the desired amount plus a bonus, making it an excellent method to save.

The plan offers entry ages ranging from 18 to 65, with a maximum exit age of 70. Terms range from five to twenty years. Premiums might be paid monthly, quarterly, semiannually, annually, or in one big sum. It offers coverage for death from any cause, with a minimum benefit of N1 million. The policyholder determines the guaranteed sum ahead of time. An annual reversionary bonus of 2% of the money insured begins at the conclusion of each year.

Stanbic IBTC Insurance has a robust and renowned history, with over two decades of service. He advised parents and guardians to secure their children’s futures today by enrolling in the Stanbic IBTC Education Endowment Plan.

“We can empower the next generation to achieve greatness and create a brighter future for Nigeria just by investing today. Your decision today has a big impact on your child’s or ward’s future. This will leave you feeling empowered and accountable for their accomplishment. The Education Endowment Plan is a call to action for parents and guardians to make informed decisions for their children and wards. He stated that obtaining this insurance coverage is a crucial step towards securing a revolutionary investment in academic security, giving them an advantage in the future.

Stanbic IBTC Insurance’s Education Endowment Plan illustrates their dedication to ensuring the education of future generations. The organization provides a solution to parents and guardians that are committed to providing the greatest possible possibilities for their children.

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