Schooling Life Insurance
Insurance for your Children's Safer School
Are you worried about securing your children's education?
Well, we have the right program that will ensure continuity of their schooling education!
You aim to secure your children's education and safeguard their future.
Bank of Beirut s.a.l, in collaboration with Allianz SNA s.a.l., designed the
ELIGIBILITY
All Bank of Beirut s.a.l. customers are considered eligible candidates that can benefit from this program.
THE "SAFE SCHOOL" COVERAGE
In case of Natural or Accidental Death
- An annual amount between USD 1,000 and USD 5,000 (at your choice), is paid to the specified beneficiaries from the date of death of the insured person until the expiry date of the contract
- At the last year of the contract's period, an amount equal to 3 times the above annual amount is paid
THE "SAFE SCHOOL" ADVANTAGES
- Flexible contract period: 4, 6, 8, 10, 12, 14 or 16 years according to the child's age
- Possibility of choosing the premium payment period: Full period or Half period
- Flexible monthly premiums, starting from 1 USD, automatically deducted from your Bank account
- Easy and prompt administrative procedures
- Immediate policy issuance and automatic monthly renewal
Flexibility Illustrative Table:
The monthly premiums are calculated in U.S. Dollars and according to the sum insured, the age of the insured person and the contract period.
Table 1 - Payment Option: Full Period
|
Annual Amount |
2,000 |
5,000 |
Example |
||||
|
Contract Period Age |
4 |
10 |
16 |
4 |
10 |
16 |
Client's Age: 40 Years Annual Amount: 2,000 USD Contract Period: 4 Years Maximum Sum Insured: 12,000 USD (including 3 Annual Amounts at last year) Monthly Premium: 3 USD |
|
30 |
1 |
2 |
3 |
3 |
5 |
7 |
|
|
35 |
2 |
3 |
5 |
4 |
7 |
11 |
|
|
40 |
3 |
5 |
8 |
6 |
11 |
19 |
|
|
45 |
4 |
8 |
13 |
9 |
18 |
31 |
|
Table 2 - Payment Option: Half Period
|
Annual Amount |
2,000 |
5,000 |
Example |
||||
|
Contract Period Age |
4 |
10 |
16 |
4 |
10 |
16 |
Client's Age: 30 Years Annual Amount: 5,000 USD Contract Period: 16 years Maximum Sum Insured: 90,000 USD (including 3 Annual Amounts at last year Monthly Premium: 12 USD |
|
30 |
2 |
4 |
5 |
5 |
8 |
12 |
|
|
35 |
3 |
5 |
8 |
7 |
12 |
19 |
|
|
40 |
4 |
8 |
13 |
10 |
20 |
32 |
|
|
45 |
8 |
14 |
22 |
18 |
34 |
55 |
|
"SAFE SCHOOL" CONDITIONS
- Age of insured 20 - 54 years