LSB

Education Plan

Every child deserves the best possible start in life

Nowadays higher education has become a necessity to insure a bright future to our children. However, the cost of education is considerably increasing and might constitute a financial burden if we don’t plan for it.
This is why Lebanese Swiss Bank & Allianz SNA combined their expertise to present the Education Plan: the adequate solution that provides you saving and protection for your children’s education.

Advantages of the Plan
  • The possibility to save the required university tuitions through monthly contributions automatically debited from the insured person’s bank account with no additional charges.
  • The option to protect the insured amount and the investment amounts from inflation through an increasing annual variation rate of 1% to 10%.
  • A minimum rate of return on investment at the date of issue, for the accumulated amount, of 3.5%* annually guaranteed by Allianz SNA and net of the taxes due by the company. 
  • The possibility to profit from additional return on investment according to the dividends rate declared yearly by Allianz SNA.
Covers
  • The agreed-upon university fees are paid once the child reaches the pre-defined university age in case of natural or accidental death or (optional) total permanent disability.
  • (Optional) The pre-decided schooling fees are paid in case of natural or accidental death or total permanent disability.
Enrollment Conditions
  • The insured person should be an account holder at Lebanese Swiss Bank s.a.l.
  • Age bracket: 18 - 55 years.
  • Minimum monthly premium: 25 USD.
  • The plan is subject to the deduction of a referral fee in favor of Lebanese Swiss Bank.

Illustrative table

 

 

Figures are based on a monthly premium of 50 USD with an annual variation rate of 3%.

(The table of projections is for illustration purposes only and actual results could differ materially from the content of the table)

Age of Insured

Age of Child

Total paid Premiums (USD)

University Tuition when child reaches 18**(USD)

3.5%minimum guaranteed annual return on investment*

7%annual return on investment

28

1

13,152

16,247

22,952

30

2

12,180

14,789

20,510

33

3

11,244

13,390

18,236

37

4

10,332

12,033

16,091

41

6

8,580

9,592

12,370

44

8

6,924

7,437

9,258

*The company reserves the right to increase/decrease this rate once per year at the end of the fiscal year, as many times as it deems necessary during the lifetime of the policy, by written notice and/or through a public announcement.


*In case of any increase or decrease of the minimum guaranteed rate at the date of issue, it shall only affect allocations generated from future premiums paid after the date of such change. Therefore the above investment amounts might change accordingly.

**The University Tuition can be either paid as a lump sum according to the customer’s preference, or spread over annuities starting from the age of 18 which increases its total value.

 

 

For more information or to ask for a personalized offer, please visit any of our branches and we will be glad to provide you with the necessary information.