Alico Life Insurance Company-Education Protection Plan (EPP) Plus

Education Protection Plan (EPP) Plus

The cost of a good education can be high, and has risen at an alarming rate in recent years. To be sure of securing the best possible education for your children, you need to plan ahead. Our Education Protection Plan is specifically designed to help you and can give you the reassurance of knowing you’ve made the right preparations for your children’s future.

And in case the unforeseen happens and you are not here when that day arrives, the protection element of your plan will shield your loved ones against financial difficulties.

Product Overview

• A flexible plan with terms ranging from 10 to 25 years
• On maturity, your child will receive the full face amount along with the bonus
• In the unfortunate even of your death, protects your child's financial future by paying out a monthly sum of 1% of the face amount every month for his/her education till the maturity of the policy. It also The policy also provides for a waiver of all future premiums in order to keep the policy active and in-force.
• You can choose to add a disability protection rider to this plan which will protect you in the event of a disability due to sickness or accident
• Like in all other life policies, the paid premiums are income tax deductible (subject to prevailing tax laws & rules)
• This EPP Plus plan also provides a personal accident coverage that ensures the financial future of your loved ones in case of your death, disability or injury due to accident.

Personal Accident Coverage

If you qualify for accident coverage, this plan also provides the following additional benefits in case of your death, disability or injury due to accident within the premium paying period. The Personal Accident Coverage provides a maximum cover of Tk.20,00,000 and the proportionate amounts are mentioned below:

A. ACCIDENTAL DEATH BENEFIT	: 100% of FA
B. PERMANENT TOTAL DISABILITY BENEFIT	: 100% of FA
C. PERMANENT PARTIAL DISABILITY for the following losses:
•         Both Hands or Feet or Sights of eyes	: 100% of FA
•         One Hand  and One Foot	: 100% of FA
•         Either Hand / Foot and Sight of One Eye	: 100% of FA
•         Hearing of Both Ears	: 100% of FA
•         Speech	: 100% of FA
•         Either Hand or Foot	:  50% of FA
•         Sight of one Eye	:  50% of FA
•         Thumb and Index fingers	:  25% of FA
D. MEDICAL EXPENSES REIMBURSEMENT	Max of :  15% of FA