Degree Saver
Education Plan
We live in a rapidly developing era with a great deal of opportunities for your child to pursue the educational avenue of their dreams.
Ceylinco Life Degree Saver lets your child go forth towards their educational goals without you having to worry. You can save a significant amount on your child’s tertiary education while also being entitled to a comprehensive life insurance policy.
How it works
Your future aspirations for your child and the expenses associated with it will determine how much of a fund you require when your child is ready to face the world.
Your premium will be based on the amount you wish to invest periodically and your preferred life insurance cover.
The premium paid will be accumulated over a period of time through a compound interest mechanism and creating a large sum for your child at maturity.
Benefits
The educational fund for your child will grow with the accumulation rate the company declares on a monthly basis. At the end of the term the policyholder can obtain the fund as a lump sum and utilize it for their child’s university education.
There is also a comprehensive life cover of a minimum of Rs. 1,000,000 /- for the policyholder which will be paid immediately at the untimely death of a policyholder as well as the accumulated fund balance at the time of the claim.
Example:
For instance if you are 30 years old and you obtain the Degree Saver plan for a period of 20 years with a life cover of Rs. 7,000,000/- the following benefits could be assumed.
Monthly Premium: Rs. 2,614/-
| Monthly Contribution to the Fund | Total Monthly Premium (Life + Fund) | Return at the end of 20 years | |
| 8% | 12% | ||
| 7,000 | 9,614 | 3,607,791 | 5,748,518 |
| 10,000 | 12,614 | 5,153,987 | 8,212,169 |
| 15,000 | 17,614 | 7,730,981 | 12,318,254 |
*This is only an example, actual returns may vary as per the monthly declared accumulation rate. the premium may differ according to the health condition of the insured.
Who can apply
Anyone aged 18 – 60 could purchase this policy for a period between 10 – 30 years.
Payment Modes
This policy can be paid in Monthly, Quarterly, Half-Yearly and Annual modes.
Rider Benefits
The following rider plans can be added on to your life plan as additional protection.
- Ceylinco Life Jeewa Yathra
- Ceylinco Life Family Digasiri
- Ceylinco Life Major Surgery
- Ceylinco Life Family Hospital Cash
- Ceylinco Life Health Support Plus
Additional Benefits
Ceylinco Life Degree Saver policyholders will be eligible for additional rewards as a tribute for their loyalty. All policyholders stand a chance to take part in the Ceylinco Life Family Savari consumer promotion and their children are also eligible for the Pranama Scholarship scheme.
