• Developing a savings culture: This plan allows the student to develop a disciplined, systematic way of building resources for future use from the immediately available funds. This virtue will help the students to grow into disciplined managers of their own financial resources as they become economically productive.
  • Financial security: By saving over the duration of their course in a disciplined and consistent manner, the student builds up a fund that enables them to enter into the job market with confidence without relying on the support of parents, siblings, and relatives to survive. They may even use the accumulated savings to establish their families.
  • Fixed level of contribution (premiums): The amount payable at the end of the study period (also the savings term) is an accumulation of the sum assured and a terminal bonus of 10% of the sum assured. The premium is constant throughout the duration of savings / studies.
  • Flexible savings term: The savings plan runs for a minimum period of 4 years, but the maximum is 6 years depending on the duration of the course. The objective is to ensure that the funds are available at the end of the course when the student graduates. The student chooses the savings term based on this consideration.
PLAN  Gold(Kshs) Silver(Kshs) Bronze(Kshs) Basic(Kshs)
Term 4 5 6 4 5 6 4 5 6 4 5 6
Premium 2,110 2,110 2,110 1,580 1,580 1,580 1,055 1,055 1,055 530 530 530
Sum Insured 100,000 126,675 155,262 75,000 94,856 116,202 50,000 63,337 77,631 25,000 31,819 39,000
Maturity Value 110,000 139,342 170,788 82,500 104,341 127,889 55,000 69,671 85,394 27,500 35,000 42,900