Overview

Educare Limited is a Guaranteed Maturity Endowment Plan that provides financial protection against any unforeseen circumstances in addition to a savings component that ensures the sum assured plus the accrued bonus on surviving at the policy's maturity.

Educare Limited is a guaranteed insurance plan that is designed to give your family much-needed financial security from your kid’s initial education to university and beyond. Since it is a guaranteed plan, it enables you to plan for your children so that they will have the choice of the world's very best education.

How does the Educare Limited Plan work?

The maturity benefits in Educare Limited are guaranteed and are a sum total of the sum assured as well as bonus of 1% per annum on the sum assured for the plan term. In addition to the guaranteed bonus, Educare Limited also provides a guaranteed terminal bonus, which ranges from 8% to 10% of the amount assured depending on the plan term of the policy. The plan also includes a non-guaranteed reversionary bonus that is only paid if declared by the company.

Educare Limited pays the full sum assured as an immediate financial benefit to the beneficiaries if the insured dies during the policy term and his or her policy continues even after death. In addition to the sum assured, Orient Insurance waives all future premiums and pays a guaranteed monthly amount to the family member, i.e., 1% per month of the sum assured for the rest of the term, and on maturity, it pays the guaranteed maturity amount.

In Educare Limited Life assured can choose additional risk cover through its riders like Accidental Death benefit, Permanent & Total disability cover through accident and illnesses & Passive war risk cover.

Why do we need to invest in Educare Limited Plan?

Educare Limited is a flexible and transparent plan, and the insured knows the minimum guaranteed maturity amount from day one and what the beneficiaries will get in case of death of insured. The customer can choose the plan term and premium payment term as per his or her needs and have the option to get a loan up to 80% of the surrender value at any time during the policy. In a scenario where the insured opts to close the plan, he or she can either choose to take the complete surrender value & close the plan, or choose another option to convert the plan into a term plan and withdraw lower value (if applicable).

Understanding what Educare Limited Plan offers

Next Steps

Choose your coverage, premium, and term as per your needs.
Choose from optional riders like accidental death benefit, permanent total disability rider due to accident and sickness or accident only and passive war risk coverage.
Complete the application form.
Submit your documents.

Know more about Educare Limited

To know more about Educare Limited, contact your Relationship Manager, visit your nearest branch or send an email to: banca.products@cbd.ae

About the Company

Orient Insurance, a division of the Al-Futtaim Group, is the leading customer-centric insurance provider with over 40 years of experience in the UAE. As a robust composite insurer, Orient has great expertise in commercial, technical, life, and retail insurance products. Orient has the highest rating in the region with the highest gross written premium, equity, technical and net profit in the Emirates.
With a head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in the UAE, Muscat in the Sultanate of Oman, and Bahrain.
The Company is also accredited with ISO 9001 Quality Management Certification Orient Insurance Company has secured two ratings: ‘a+’ by A M Best and ‘A+’ by Standard & Poor’s. These ratings are not only the highest in the UAE insurance market, but we are the only company in the UAE that carries such a high combined rating.

Disclaimer

The description of coverage contained in this document is a summary of the cover available. Kindly read the Policy wording for a complete description of the terms and conditions. Any claims made are subject to terms, conditions, limitations, and exclusions as outlined in the Policy’s wording of insurance. The Policy summary does not form part of the Policy terms and conditions.

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