We all have aspirations to be successful, to achieve our goals and ultimately to be happy. As a parent, you want to provide the very best for your children, which includes giving them a good education.
Unfortunately, the unexpected could happen at any time and life is never the same again. You never know when an accident and/or illness will occur and leave you impaired or, worse, dead, taking away your ability to provide for your family and give your children the good education they need.
In the event that you become physically impaired or you pass away, the Liberty Karo Plus plan will pay for the remaining years of your children’s school fees. The policy will pay a lump sum benefit to either a Trust or a nominated beneficiary, and this lump sum will be used to pay for the children’s annual school fees until completion.
Cash back benefit
In the event that you have paid your premiums for a period of 4 continuous years and haven’t claimed for any benefit, you will receive 25% of the total premiums paid in the previous 4 years. This can be used to buy stationery or school uniforms that year for your child.
Flexible cover options
The choice will be influenced by the level of annual school fees the parent thinks the child will need in the event of their demise and ranges from KES 100 000- KES 300 000 The full cover amount is determined
as the option amount chosen and the number of school years remaining at the beginning of the policy.