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Britam Life Assurance

Msingi Poa

School fees plan · Regulated by the RBA

A school fees plan. It pays out four times in the last four years, each time the full cover amount.

Hear when this changes

The details that matter for this kind of plan

What is guaranteed
Four payouts in the last four years, each 100% of the cover
Last three years
No premiums are due
How long it runs
8 to 22 years
If the parent dies
Premiums stop and 100% of the cover is paid
Who can join
18 to 55

What if you stop paying?

If you die, premiums stop and the cover is still paid. Britam does not say what happens if you simply stop.

What if you need the money early?

No surrender value is published. Ask what you would get back.

Who this suits

It could work for you if

You want money arriving in the years school fees are highest.

Think twice if

You need the money at one point, not spread over four years.

What they tell you

  • Do they say who regulates them?
    Yes — the RBA. That is who you complain to.

Talk to them

Compared with the others

There are 13 other plans of this kind on the board. See all 14 side by side — what each one leaves you with, and which of them will not say.

Where we got this