A reliable plan that combines insurance protection and regular savings to secure your child’s educational future.
Hasad
Hasad – Educational Insurance Program
Hasad is an educational insurance program that combines long-term investment and insurance to help secure a bright and stable future for your child’s education. It offers a simple and effective way to save regularly while providing comprehensive insurance protection.
Benefits
- Coverage of tuition fees: School and university tuition fees covered, protecting against rising education costs.
- Flexible payouts: Receive the investment balance as a lump sum or in annual installments over up to ten years.
- Payment difficulty options: Freeze the policy or convert it to a fully paid-up policy after the third year.
- Modify anytime: Ability to adjust the policy to suit your needs.
Program Sections
1. Investment Section
- Clients’ premiums are invested in a range of local and international funds, including Islamic funds, gold, bank deposits, and more.
- Clients can choose their preferred funds and switch between them up to four times per year without fees.
2. Insurance Section
- Basic coverage: Death coverage from any cause (illness or accident).
- Total permanent disability coverage due to accident or illness.
- Premium waiver in case of the policyholder’s death or permanent disability; investments continue until policy end to secure the children’s future.
Enrollment / Subscription Details
Feature 1
Coverage of school and university tuition costs amid rising prices.
Feature 2
Flexibility to receive the investment balance either as a lump sum or in annual installments for up to ten years.
Feature 3
Flexible options in case of inability to pay, including the possibility to freeze the policy or convert it into a fully paid-up policy after the third year.
Feature 4
Ability to modify the policy at any time.