Bokamoso Education Savings
Investing for your children may seem like a luxury, but with education costs soaring, it has become a necessity. The financial stress associated with your children’s education choices can be significant once they start school. Therefore, it’s important to select an education plan that aims to provide returns in the long term. Our tailored Bokamoso Education Plan ensures a bright future for your child, blending financial stability with flexibility.
Key Features
Two-Pocket Approach
Our distinctive two-pocket investment strategy offers both stability and flexibility. One pocket is dedicated to ensuring long-term growth, while the other provides immediate access to funds for educational needs
- Investment Component: This is the compulsory long-term investment portion where the funds grow over time.
- Withdrawal Component: Offers flexibility by allowing two withdrawals at regular intervals, providing financial support for ongoing educational expenses.
Death Premium Waiver
In the event of the death of the policy owner (parent), all future premiums required to maintain the policy are waived. This ensures that the investment continues to grow even after the parent’s death.
Disability Premium Waiver
If the policy owner (parent) becomes disabled, all future premiums are waived until the end of the premium waiver term. This ensures that the investment remains intact despite the parent’s inability to continue premium payments due to disability.
Why put your money in Bokamoso education savings plan?
This education savings is designed to offer a balance of long-term growth and short-term liquidity, with added protection through premium waivers. It can be an effective tool for you to plan for future educational expenses while ensuring financial security in the event of death or disability.
When to start?
Start your Bokamoso Education Plan with the child between age 0 and up to age 19. The parent can be between age 19 and 61. Investment terms range from 6 to 25 years. The sooner you start, the more your investments can grow. Make time your partner in securing your child’s future.
Premium
You have the option to either pay a single premium of no less than M25,000 or make monthly premium payments starting at M650, depending on policy term.
Considerations
- Investment Risk: Being a unit-linked product, the returns are subject to market performance and conditions over time. It’s essential to understand the associated risks.
- Premium Requirements: The policy requires regular premium payments, which must be factored into your budget.
Invest in Your Child’s Future today!
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