If you have ever wondered how to ensure your child can study whatever they choose, this article is for you. No complicated terms. No fine print. Just what you need to know.
Let's start at the beginning: what exactly is it?
VidaSEguros EG's Education Insurance is a endowment insurance: a savings plan that combines two things in one:
- A fund that grows with you. Each month, quarter or year, you contribute an amount you choose yourself. That money does not stand still: it grows over time through an additional return.
- A guarantee for the unexpected. If you can no longer contribute because of death or total and permanent disability, VidaSEguros EG pays the contributions from that point until the beneficiary turns 22, ensuring their studies continue.
What educational stage does it cover?
One of the main advantages of VidaSEguros EG's Education Insurance is that it is not limited to university. It covers throughout the educational course of your child, from the early years through to higher education.
What's that fund for?
For everything involved in studying at any stage:
- School or university enrolment
- Accommodation if you are studying outside the house
- Books and materials
- Transport
- Day to day expenses
Studying in Equatorial Guinea, Cameroon, Spain or any other country has a real cost. Education Insurance is designed to ensure that cost does not catch you by surprise.
How much do I have to pay?
The minimum premium is 20,000 XAF per month. From there, you decide how much you want to contribute according to your circumstances. You can adjust it over time.
| When you start | Time available | Monthly commitment |
|---|---|---|
| Before or at birth | 18 + years | Minimum premium (from 20,000 XAF) |
| 8 year old child | ~ 10 years | Medium premium |
| 13 year old child | ~ 5 years | Higher premium |
The VidaSEguros EG team calculates the exact figures for your circumstances free of charge.
You, the parent, take out the policy and are insured to ensure your child has the money to study, whatever happens. Answer these 3 questions to discover what you would pay.
Complete the fields above and click "Calculate my premium" to see your estimate.
Would you also like to see Life Insurance? Use the complete calculator →
Who can take out this insurance?
Any parent who wants to protect their child's educational future. You do not need to be a customer of any bank or meet complicated requirements.
- Families with children at any stage of education
- Parents awaiting the birth of their child
- Those who want to plan with peace of mind from the start
What if my plans change?
Life changes. We know that. That is why VidaSEguros EG's Education Insurance includes flexibility:
- You can adjust your contribution if your financial circumstances change
- Your savings are not lost if you need to pause after the first two years
- The fund still belongs to you and/or your child
How do I get started?
Very easily. Visit our office, and one of our advisers will explain everything in person, without commitment or charge.
Abilio Balboa Street, Malabo (next to the Ministry of Health)
+240 222 854 950 · 350 093 651
info@vidaseguros-eg.com · www.vidaseguros-eg.com
