Education Insurance

    Life Cover Only: Sanlam will pay the whole school fee if you’re gone
    ✓ Valid
About Life Insurance

Education is universally recognized as an important steppingstone to improve the socio-economic status of individuals, families, and communities. The product aims to protect the desire of parents to provide a good education for their children by reducing the risk of learners dropping out of school due to financial difficulties in paying school fees due to death, disability, or critical illness of the parent/guardian

Benefits

Life, Permanent and total Disability and critical illness

Premium is paid annually

Cover can be on a single or joint life

Primary , Secondary and Tertiary

Full Payments of Student Fee

5% per annum escalatation of fee payments

Why Education Fee Guarantee Schema

We’re living in a world full of uncertainties and unforeseen dangers. One therefore needs appropriate insurance cover, to ensure that their families are effectively protected from the financial impact of such uncertainties

Parent Type

Available to parents/guardians or sponsors who are school fees payer

Age Limit -Minimal

The minimum age at entry for a member is 18 years

Age Limit -Maximum

The maximum age at entry for a member is 70 years

Our Sample Premium.

Want the best for your children? Get Education fee guarantee insurance today from Sanlam Life Tanzania

School Level Lower Primary Primary Secondary Lower Tertiary Upper Tertiary
Class level Class 2 Class 5 Form 1 Year 3 Year 2
Initial School fees 500,000 1,500,000 2,000,000 2,000,000 5,000,000
Benefits GLA GLA GLA GLA GLA
Annual premium (in TZS) - One life 12,130 16,860 40,860 26,500 101,900
Annual premium (in TZS) - Joint lives 23,655 32,895 79,680 51,680 198,650


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