Educational Savings Plan

Do you wish the best for your children?

Secure their future within your financial means by ensuring them a higher education for a successful professional life.

Banque Libano-Française provides you with the adequate solution to all your concerns by offering you the Educational Savings Plan with a life insurance coverage.
The Educational Savings Plan in brief
Beneficiary
  • each Savings Plan can be allocated to one of your children
Period of contract
  • minimum 4 years, maximum: until the insured reaches the age of 75 (or 65 if the schooling option is selected)
Premiums
  • you can choose the frequency of payments that suits you best: monthly, quarterly, semi-annually or annually
  • constant or progressive according to the annual indexation rate of your choice
  • minimum amount: USD 25/monthly, USD 300/yearly
  • additional payments are possible at any moment (minimum required USD 100)
Availability of funds
  • possibility of withdrawing the saved amount totally at any time or partially starting the fourth year with no penalties.
Return on savings
  • competitive annual rate of return
Coverage
  • death or total permanent disability (natural or accidental causes)
  • death or total permanent disability caused by passive war (optional)
The Educational Savings Plan is issued by Bancassurance S.A.L. (CR no 75309, Beirut), a life insurance company affiliated to Banque Libano-Française.

Bancassurance is a joint stock company established under the Code of Insurance with a paid-in capital of LBP 4.5 billion.

 

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