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B Clever
EDUCATION SAVING PLAN
Your Plan for your Children's Education
Are you worried about safeguarding your children's future education?
Well, we have the right plan that will ensure them a bright future!
You are aware that good education is essential to safeguard your children's future. With the ever-increasing cost of education, shouldn't you plan ahead to realize their security?
Bank of Beirut s.a.l., in collaboration with Allianz SNA s.a.l., designed the B Clever- Education Saving Plan, that allows you to save for your children's education and to ensure uninterrupted tuition payments for their school and university.
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ELIGIBILITY
All Bank of Beirut s.a.l. customers are considered eligible candidates that can benefit from this saving plan.
THE "B CLEVER" COVERAGE
- Continuity of the plan and agreed upon tuition payments of the university fees, in the event of natural or accidental death or total permanent disability
- Continuity of the plan and agreed upon tuition payments of the schooling fees in the event of natural or accidental death or total permanent disability (optional)
THE "B CLEVER" ADVANTAGES
- Flexible monthly premiums, automatically deducted from your Bank account
- The possibility to protect the insured amount and the investment amounts from inflation through an annual variation rate
of 1% to 10%
- Minimum guaranteed rate of return on investment of 4.5%
- The possibility to benefit from additional return on investment according to the dividend rate annually declared by Allianz
SNA
Flexibility Illustrative Table:
Figures are based on a monthly premium of USD 50 with an annual variation rate of 3%.
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Age of Insured
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Age of Child
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Total Paid Premiums* (USD)
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University Tuition fees when child reaches 18 ** (USD)
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4.5%
minimum guaranteed annual return on investment
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7%
annual return on investment
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28
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1
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13,152
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17,748
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22,745
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30
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2
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12,180
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16,076
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20,331
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33
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3
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11,244
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14,489
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18,093
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37
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4
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10,332
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12,928
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15,922
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41
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6
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8,580
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10,180
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12,219
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44
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8
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6,924
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7,805
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9,124
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- In the event of death or total permanent disability, Allianz SNA guarantees the continuity of premium payments until the
child reaches the pre-defined university age.
- Paid as lump sum or in annuities from the age of 18, which increases its total value.
"B CLEVER" CONDITIONS
- Age of insured 18 - 55 years
- Minimum monthly premium USD 25
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