The Enhanced GLICO Education Endowment Policy (E-GEEP) is essentially a savings plan with insurance benefits designed for individuals to accumulate cash for use in financing a child's and/or Policyholder's education.
The E-GEEP primarily provides Child Education Protection Assurance cover which ensures premium payment continuity until policy maturity in the event of death or total permanent disablement of the Policyholder.
The Policy also covers death and total permanent disability benefit for the premium-paying guardian or parent. The E-GEEP does not lapse and the Policyholder also enjoys Premium Holiday
The Policyholder can make a Partial Withdrawal on the accumulated savings amount annually. The policy term is a minimum duration of 8 years and a maximum of 25 years.
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