Lasaco Assurance Plc has launched a new plan focused on children’s education, aiming to safeguard their schooling in case of financial setbacks or the loss of a parent or guardian. According to a statement provided to our correspondent, the plan offers flexibility and valuable features to ensure educational continuity and peace of mind for sponsors.
Razzaq Abiodun, the Managing Director of Lasaco Assurance Plc, emphasized the significance of the plan, noting, “In addition to other benefits, the Lasaco Children’s Education Plan guarantees a lasting educational legacy for children and dependents. It provides a lump sum payout to beneficiaries upon the sponsor’s demise.”
The company outlined that the plan requires a minimum commitment of five years, with options for longer terms, and ensures that 75% of total contributions and the assured sum are available in the event of the sponsor’s premature death, provided premiums are up to date.
Moreover, sponsors are eligible to withdraw up to 40% of the account balance after two years of premium payments. The policy also includes life cover and can be surrendered after 24 months of paid premiums, albeit with penalties for early termination.
Abiodun underscored Lasaco Assurance’s commitment to enhancing customer experience through technological innovation. “We leverage cutting-edge technological tools, techniques, and advanced IT development in our daily operations to deliver top-tier insurance services to our clients,” he affirmed.
