A benefit that gives you and your children access to educational privileges by our world-class partners.
As an EduCare Club member, you and your child can benefit from:
|Access to educational seminars|
Sound education is the pathway to success and a secure future for your child. As a parent, you know that providing quality tertiary education for your child could take up a major portion of your savings, thus, it requires careful planning.
With the AmMetLife Scholar education savings plan, you can give your child a head start in life. This participating endowment plan protects your child’s tertiary education funds by providing guaranteed cash benefits including Educational Relief Allowance payable at age 12 and age 17, and a total of 180% of Basic Sum Assured payable over the last three policy years.
This is a Bancassurance product.
In the event of the child’s unfortunate demise, the total death benefits payable include:
Note: Reduced Cover for Child is applicable. *Cash Dividend and Terminal Deividend are not guaranteed and are subject to AmMetlife's Participating Fund's performance
Guaranteed Cash Benefits
Isn’t it good to know that when your child is ready to enter college, the education fund is readily available? AmMetLife Scholar offers Educational Relief Allowance and Guaranteed Cash Payments allowing your child to pursue his/her dreams and aspirations. For a policy that has been in force for more than three years, your child will receive Guaranteed Educational Relief Allowance.
Guaranteed Cash Benefits Schedule
|Educational Relief Allowance||After Life Assured reaches age 12||RM500.00|
|After Life Assured reaches age 17||RM1,000.00|
|Guaranteed Cash Payment||After Life Assured reaches age 18||50% of Basic Sum Assured|
|After Life Assured reaches age 19||60% of Basic Sum Assured|
Disclaimer: The information, statement and/or descriptions contained herein are strictly meant to be general information for quick reference and illustration purposes only and are not intended to be the complite description of all terms and conditions applicable to any products mentioned herein. Please refer to the Product Disclosure Sheet (PDS) for more information.
For further clarification and information, you may contact our Customer Care Centre at 1300 88 8800.