INTRODUCING STUDY GUARD
At HNB Assurance, we know that you envision nothing but the best for your little ones. Your dreams for them are bigger, your aspirations are higher, and the life you plan for them is far better than yours ever could have been. That’s why we created HNB Assurance StudyGuard – to ensure that your children are empowered to be whomever they want to be, and grow up to achieve their dreams, no matter what the future may hold.
WHAT IS STUDYGUARD?
Study Guard from HNB Assurance is another unique product, with a range of special benefits to secure the future of your child. StudyGuard has been designed to take over the school/institute term fee of your child in the event of your unforeseen demise, or a total and permanent disability, or even a critical illness (29 ailments covered), based on the selected StudyGuard plan.
STUDYGUARD AT A GLANCE
PAYMENT OPTIONS
The key benefit of Study Guard, is that the payment of the school/institute term fee will be made subject to a minimum of LKR 25,000/- and a maximum of LKR 200,000/- per term.
The school/institute term fee to be paid each term could be selected from the following slabs:
Study Guard Plan
| In the demise of the life assured or in the event of Total and Permanent Disability | In the event of one of the Critical Illnesses of the 29 ailments |
|---|---|---|
Prime
| 3 school/institute term payments per year from date of death/total and permanent disability onwards up to 5 years or completion of the policy term, whichever is earlier. | 3 school/institute term payments per year from date of critical illness event onwards up to 2 years or completion of the policy term, whichever is earlier. |
Plus
| 3 school/institute term payments per year from date of death/total and permanent disability onwards up to the end of the policy term. Term payment is increased by 5% every year on compound interest basis. | 3 school/institute term payments per year from date of critical illness event onwards up to 2 years or completion of the policy term, whichever is earlier. |
Premium | 3 school/institute term payments per year from date of death/total and permanent disability onwards up to the end of the policy term. Term payment is increased by 10% every year on compound interest basis. | 3 school/institute term payments per year from date of critical illness event onwards up to 2 years or completion of the policy term, whichever is earlier. |
* There is no subsequent Critical Illness Benefit under this policy.
* In the event of Death, the school/institute term payments will be continued until the last due payment on Total and Permanent Disability Claim.
Get in touch with us today to get your very own Study Guard cover to enjoy these amazing benefits.
More information can be obtained from the nearest HNB Assurance Branch or calling Assurance Line 1301.
Refer to the policy document for benefits, exclusions, terms & conditions*
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