UMB Education Plan

This product is a term policy designed to help accumulate funds to meet the future educational expenses of the customers of the UMB Bank or their Children
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Introduction

This product is a term policy designed to help accumulate funds to meet the future educational expenses of the customers of the UMB Bank or their Children. The Primary intention is to provide Life Protection cover and ensure the Accumulated Fund Value at maturity is substantial enough to meet Future educational expenses.

Features
  1. Age eligibility is from 18 years.
  2. Term ranges from 10 to 20 years, subject to a maximum age of 60 years.
  3. 6 months waiting period.
  4. Minimum premium is GH¢60.00.
  5. A partial withdrawal is made after one year.
  6. Sum assured GH¢5000 upwards.