School Fees Protection Plan

Children are precious. Their bright future must not be allowed to suffer no matter any unfortunate circumstances. One of the most important desires of loving and caring parents today is to give their Children/Wards good quality education.

But what happens to their education if their Parents or Guardians dies of suffers permanent disability as a result of an accident?

This product – School Fees Protection Plan, is specially designed to provide timely compensation when the need arises to ensure children of the insured parents remain in school in case the death or permanent disability of the insured Parent or Guardian. This will help the children achieve their future dreams.

At Universal Insurance Plc we believe that children’s education should not be hindered “no matter what happens” to their parents or Guardians. This way, we support and help children achieve their career dreams and become better citizens and responsible future leaders.

School Fees Protection Plan provides payment of school fees to the named Beneficiary (or Guardian, Trustee or School in case of a minor) of the insured parent/Guardian in event of the following occurring:

  • Permanent disability resulting from an accident, and
  • Death

Depending on the level of fees charged by the Child/Ward’s School, the benefits payable to the Beneficiary are designed to cover:

  • Tuition fees
  • Books
  • Feeding
  • Excursion/Extra-curricula activities
  • Accommodation (Secondary)

This product has 5 Plans according to the sums insured (i.e. Benefits payable) from which you can chose from:

  • Bronze: ₦300,000.00
  • Silver: ₦400,000.00
  • Gold: ₦500,000.00
  • Diamond: ₦700,000.00
  • Platinum: ₦1,000,000.00

The Annual Premiums (Amount payable yearly) according to the plan type are:

  • Bronze: ₦3,000.00
  • Silver: ₦4,000.00
  • Gold: ₦5,000.00
  • Platinum: ₦10,000.00
  • Diamond: ₦7,000.00