Savings Education Plan
Do you want to secure your children's future, build up a capital for their higher education or for their working life?
BANK OF AFRICA helps you in making these savings progressively, and ensuring the future of your children thanks to an insurance planning that can be purchased optionally to your saving plan.
- The contributions paid by the insurance holder are registered in his individual saving Education Plan account. They are capitalized at the minimum annual rate of return and to a profit- sharing.
- In case of death or total disability of the insured person, the remaining contributions are exempted until the end of the contract.
- In case of the beneficiary’s death, the constituted savings are transferred to the insured-subscriber or, failing that, to his or her beneficiaries.
- In case of the death or total disability of the insured subscriber, an education pension, of which the amount is fixed at the time of subscription, is paid to the beneficiary child.