Societe Generale Ghana and Prudential Life Insurance Ghana have launched an educational insurance to allow parents to invest in the future of their children.
The Sound Education Plan offers a two-fold benefit — it enables parents to save for school or university fees while at the same time receiving high interest for many years.
Premium
It features a four per cent bonus, which is awarded to parents or guardians who pay all of their premiums.
With a minimum of GH¢30 and GH¢1,000 a month for covers between eight and 25 years, a parent or guardian also has the option to accelerate the growth of their investment account by making quarterly lump sum contributions of a minimum of GH¢100.
Since it is a life insurance policy, Prudential will continue to make payments into it even if a parent passes away or becomes permanently challenged.
The launch of the plan follows the signing of a partnership agreement between the two organisations in Ap