Somesa

(Child Education Plan)

A combined Savings and Life Assurance plan to secure your child’s future education needs

At maturity of the policy, the Sum Assured plus some accrued interest [technically called bonus] would have been secured by the total premium paid. This now constitutes the policy value, which is then ready for liquidation and subsequent payment to the policyholder.

Other benefits

Waiver of Premium Benefit:

UAP Insurance will waive premium payment for the period of disability of the policyholder should he be unable to be gainfully employed and thus unable to continue paying premiums due to accidental injuries or sickness.

Child Income Benefits :

In case of death of the policyholder, the child is entitled to 12%of the sum assured annually from date of death until the maturity date, after which he/she is entitled to the sum assured.

Child Disability benefit:

The beneficiary’s (child’s) disability benefits up to a maximum limit of Ushs. 10,000,000 in the event of accidental injuries.