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Benefits of Umurage Education Insurance

  • • All deposited premiums generate a competitive annual compound interest and 100% school fees is paid by Prime Life Insurance for the insured level.
  • • In case of policy holder’s death or total permanent disability, Prime Life pays 50% of agreed tuition fees as INDEZO to help the child reaching selected level and still 100% school fees will be once he/she reaches the insured level.
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  • Umurage w'Amashuri [Education Insurance]

Umurage w'Amashuri is an education insurance that is taken by a parent, future parent or guardian to paying for children's education in the future. Whether parents are alive or not, children study in the school of parent dreams.

  • Other Benefits

  1. - All deposited premiums generate a competitive annual compound interest and 100% school fees is paid by Prime Life Insurance for the insured level.
  2. - In case of parent’s death or total permanent disability [rate >=70%], premium payment stops and every year:
    • Prime Life pays 50% of agreed tuition fees as INDEZO to help the child reaching selected level and 100% school fees are also paid for the insured level

  • Steps to subscribe for Umurage w'Amashuri/ Education Insurance:

  • Client dials *177#
  • Choose 4) Umurage w'Amashuriand follow instructions

  • Product Features:

  • Interest on savings: Annual interest is generated on savings deposited
  • Waiting period: There is no waiting period in case of accident but 3 months for other cases.
  • Partial surrender: applicable after 2 years [50% of Total Contribution]
  • Contribution period Between 3 to 30 years
  • School fees Payment period: Between 1 to 6 years
  • Covers: Death and Total and Permanent disability
  • Policy lapsation: Umurage policy never lapse

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