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Secure their Future Cover Options

Frequently Asked Questions

About Education Cover

Education Cover is a safety net for your child’s education, in the case that you are no longer around to help cover the costs associated with their schooling from pre-primary school to university. Education Cover pays into a dedicated Children’s Trust™ and these funds are securely ring-fenced to take care of your children’s education and care needs if you pass away, become severely ill or impaired. Parents can rest easy knowing that their children will enjoy the future that they deserve if they are no longer around to provide for them. Education Cover was designed by parents, for parents.

Education Cover, in partnership with EduCare™ Capital Legacy, focuses on dedicated funds for education and care needs, protecting your child’s future without the risk of other expenses interfering, unlike traditional life insurance.

Three options:

  • Lite for public school,
  • Proactive for private school,
  • Premium for premium Education options.

Cashback or conversion to life cover available at trust termination age.

What are the requirements to sign up for Education Cover?

Children must be under 23, coverage available for unborn children, a valid South African bank account, minimum income of R15,000, minimum age 21, maximum age next birthday 60.

Add as many children as you wish, including biological, legally fostered or adopted children, stepchildren, or children to whom you and/or your spouse are legal guardians.

Yes, you can cover unmarried and dependent children, including biological, legally fostered or adopted, stepchildren, or children to whom you and/or your spouse are legal guardians.

Any persons who have biological, legally fostered or adopted children, stepchildren, or children to whom you and/or your spouse are legal guardians, under the age of 23, can take out an Educare™ policy.

EduCare™ is for your children, but you may be a premium payer for your spouse’s or family member’s plan.

If your child/ren choose to study at a tertiary institution, the funds allocated in the Children’s Trust™ will help cover the cost of the fees. Education Cover also offers benefits such as the LifeStarter Benefit™ that pays out as a cash lump sum on the 1st day of your child’s 18th birthday month. This can be used to help purchase their first car or a general kickstart in life for the young adult.

How does the insurance company determine my premium for Educare™?

Premium depends on your child’s age, chosen Education Cover option, LifeStarter Benefit™ value, and defined monthly care and living expenses.

Your plan goes into arrears, and an EFT payment or double debit on the next collection date is required.

Yes, premiums will increase annually based on the higher of 4% or the increase in CPI.

The payment method for the premiums is via Debit order.

Yes, your spouse can make premium payments as an alternative payer.

What is the process for filing a claim with EduCare™?

Notify the claims department in the event of death, severe illness, or impairments. Claims department will provide further information to process the claim.

A claim can be made in the event of death, illness, or impairment of the plan holder.

Call the provided number to start the claims process. The claims department will guide them through the process.

Benefits are paid out once the claim is approved, and funds from the Children’s Trust™ are allocated to cover education and care needs.

Education Cover is issued immediately with no waiting periods but is subject to underwriting. Exclusions are listed in the plan terms and conditions.

What are the requirements to sign up for Education Cover?

Education Cover is issued immediately with no waiting periods but is subject to underwriting. All exclusions are listed in your plan terms and conditions.

Reach out to EduCare™ Capital Legacy for assistance in making necessary amendments to your plan.

Contact EduCare™ Capital Legacy through the provided number or email to initiate cancellation. Confirmation will be made with the plan holder, and if unresponsive, a cancellation form will be emailed.

Your EduCare™ coverage begins from the date of plan issuance and ends at the termination of trust when the child/ren reach the age of 23. Cashback or conversion to Life Cover is available if the plan holder is still alive at that time.