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Education Plan (Lamma Yekbarou)

Nowadays higher education has become a necessity to insure a bright future. Therefore, parents seek to provide their children with the best education for better chances in life.

Did you think of ways to protect your children's education with the continuous increase of university tuitions?

Lama Yekbarou Education Career Saving Plan is designed to build cash value to cover the education/career cost of children and insure their tuition costs in case of death or permanent total disability.

Covers:

  • Continuity of the plan and payment of agreed-upon university tuitions in the event of natural or accidental death.
  • Optional: Continuity of the plan and payment of agreed-upon university tuitions in the event of total permanent disability due to sickness or accident.
  • Optional: Payment of the pre-defined schooling tuitions in the event of death or total permanent disability due to sickness or accident.

Advantages & Benefits:

  • Saving for the adequate university tuitions through moderate monthly premiums automatically debited from the bank account with no additional banking charges.
  • Possibility to protect the assured amount and the investment amount from inflation through an annual variation rate of 1% to 10%.
  • Possibility to choose the passive war risk coverage.
  • Possibility to choose the currency of the plan: JD or USD.
  • Minimum guaranteed rate to return on investment of 43.5% annually in JD (2% in USD).
  • Possibility to benefit from additional return on investment according to the dividends rate declared every year by Al-Nisr Al-Arabi Insurance Co.

This plan can be purchased only through the Arab Bank branches.