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Britam Life Assurance

Super E Plus Education Plan

School fees plan · Regulated by the RBA

A school fees plan. It pays bonuses worth 130% of the cover over the last six years, then the full cover at the end.

Hear when this changes

The details that matter for this kind of plan

What is guaranteed
Bonuses of 130% of the cover over the last six years
At the end
A further 100% of the cover
Tax relief
Up to 15% of premiums on terms over 10 years
Premium discount
On payments of KES 5,000 and above
If you miss a payment
60 days to pay the arrears

What if you stop paying?

You have 60 days to pay what you owe and carry on.

What if you need the money early?

You can take a loan against the plan instead. What you would get on cashing in is not published.

Who this suits

It could work for you if

You are saving for school over ten years or more and want the tax relief.

Think twice if

You want to know what is taken from each payment. Britam does not say.

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