Great Eastern offers a limited pay endowment plan to save for your child's education. Cost of education has been increasing and is projected to increase at a inflation rate of 10%.
Great Eduplanner is a limited premium payment endowment plan participating in the profits of the invvestments. The returns are based on the Compound Reversionary Bonus (CRB) that would be declared by te Company depending on the operating and investment results experienced by the Company. The company projects a CRB of RM20 per RM1,000 Basic Sum Assured and accumulated with interest at 2.0% p.a for attaching bonus.
There are two plans:
i) A 20 year plan with a premium payment of 15 years
ii) A 25 year plan with a premium payment of 20 years
For a 20 years Great Eduplanner, a parent/guardian only need to pay premium for the 15 years, and get the maturity benefit at then end of the 20th year.
*Thus a 35 year old parent/guardian paying a permium of approximately RM 10,000 per year including Payer Benefit Rider Plus would receive approximately RM 200,000 to RM250,000 upon maturity as shown by the Company's sales illustration.
*Note: Terms and conditions apply
*Thus a 35 year old parent/guardian paying a permium of approximately RM 10,000 per year including Payer Benefit Rider Plus would receive approximately RM 200,000 to RM250,000 upon maturity as shown by the Company's sales illustration.
*Note: Terms and conditions apply
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