Insurance

Why carry the risk while you can transfer it to someone else at a little?

With more than 50% of Kenyans living below the poverty line, it pays to save up for an education cover. Even with free primary education, students who get into public schools may only make it so far. Secondary education becomes a problem when money checks into the equation. According to the Kenya National Bureau of Statistics (KNBS), at least 700,000 students will sit for their Kenya Certificate of Primary Education this year. The Bureau estimates that only 64% of graduates will attended secondary school while the rest will either fail or their parents will not be able to afford the fees.
In such cases, academic insurance can be used to secure a student’s future. The cost of school fees can at least be reduced based on monthly premiums paid by the policy holder.
Basic Requirement
An Insurance Review reports that education insurance policies should be a basic requirement in every household. Certain factors remaining constant, it takes about 8 years for a student to complete their primary education. Due to the 9 to 10 year waiting period, it is better to start saving as soon as the child is born. Planning ahead ensures that policy benefits are felt as soon the maturity date is realised.