EduCare Limited

A bright future for your children is usually the result of a good start. Investing in your children’s education is a step in the right direction. Orient Insurance offers all Dubai First customers EduCare Limited, an insurance plan designed to give your child the much needed financial security from his or her school education to university and beyond. It enables you to plan ahead for your children so that they will have the choice of the world’s very best education.
  • For inquiries, call
    04-506 8100
  • available Sat - Thu
    from 8am - 5pm

Product Overview

A bright future for your children is usually the result of a good start. Investing in your children’s education is a step in the right direction. Orient Insurance offers all Dubai First customers EduCare Limited, an insurance plan designed to give your child the much needed financial security from his or her school education to university and beyond. It enables you to plan ahead for your children so that they will have the choice of the world’s very best education.

Eligibility

  • GCC residents, Individuals only
  • 18 years of age to less than 62 years of age , maximum age at maturity 70 years

Benefits

  • 24 hours Worldwide coverage
  • At maturity a guaranteed payout of
    • 100% Sum assured +
    • 1% per annum guaranteed Bonus +
    • Revisionary Bonus +
    • Terminal Bonus
  • Upon Death a guaranteed payout of
    • Sum Assured + Family Income of 1% of the sum assured per month till maturity
    • At maturity an additional payout of 100% Sum assured + 1% per annum guaranteed Bonus + revisionary Bonus + Terminal Bonus.
  • Flexible Payment Options
  • Variable term from 5 years to 30 years to choose from up to maximum maturity age 70 years
  • Option of taking a policy loan after two years
  • Possibility to add any of the following supplementary benefits:
    • Accidental death benefit
    • Permanent total disability due to sickness or accident
    • Permanent partial disability due to accident
    • assive war risk cover
Plan Benefit Educare Limited

Minimum Term

8 years

Maximum Term

30 years

Premium Payment Term

2/3rd of Plan Term

Minimum Age at Entry

18 Years next birthday

Maximum Age at Entry

62 years next birthday

Maximum Age at Maturity

70 years next birthday

Death Benefit

  • 100% guaranteed sum assured
  • Family Income Benefit (1% of sum assured every month till maturity)
  • Waiver of Premium
  • Guaranteed Maturity Benefits

 

Guaranteed Maturity Benefit

100% guaranteed sum assured

1% guaranteed bonus (1% x sum assured x plan term)

Revisionary + Terminal bonuses (As declared by Orient Insurance)

Terminal Bonus

On declaration will be payable on maturity

Inbuilt ‘Waiver of Premium’

Yes – on the event of death or establishment of Permanent Total Disability of Life Assured. Policy will continue without paying future premiums

Partial/Surrender of policy

Allowed after 2 years from commencement of policy. Depends upon the term of the policy

Paid Up Value

After the policy acquires Cash Value

Free Look Period

21 days from the Policy Issue Date

Grace Period

90 days from the last premium due date

Maximum Period for Policy Reinstatement

24 months from the last premium due date

Scope of Cover

Worldwide

Assignment of Policy

This is possible. Life Assured has to inform Orient Insurance

Minimum Premium

  • Monthly - AED 250 / USD 100
  • Quarterly - AED 750 / USD 250
  • Half Yearly - AED 1,500 / USD 500
  • Yearly - AED 3,000 / USD 820