Child Education Protection Scheme Launched In Rivers

The Leadway Assurance Company  Limited, has launched the group’s Education  Protection Plan Scheme  in Port- Harcourt.
The scheme which was launched in partnership with Association of Parents of Private School Students(APPSS), applies to parents, pupils and students in private nursery, primary and secondary schools in Nigeria.
Speaking at the launch held at  Eliud International Schools, Port Harcourt, Head Life Retail,  Leadway Assurance Company, Mr Bolorunduro Saliu, said the life insurance policy was designed to guarantee the continuation of a child’s education should anything happen to the parents, guardian or sponsor of the child’s education.
‘’The whole intention is to have a solution for parents in protecting the education of their wards even at death,  Bolorunduro stated”.
The sum assured under the education protection Plan Scheme  is N200,000 or agreed multiple but the amount becomes payable annually upon the death of the policy holder, for the outstanding duration of the current educational programme, he explained.
Continuing, the cost of premium is N1, 800/per year and alternatively, it can be paid N600/per term while the minimum policy term is one year, the maximum policy term is 20 years.
On his part, President, Association of Parents of Private Schools Students, Dr Ovy Chukwuma, said with the partnership, parents will not need to worry about losing their money as the association will secure their investment.
Chukuwuma said, “as a corporate body standing in the gap for parents, we have a Memorandum of Understanding (MoU) take with Leadway and there are undertaking that legally empower us to protect parent’s investment, I assure and call on parents to take advantage of the educational scheme which has very affordable premium.
Chukuwuma further stated that their Child Education Promotion and Protection Ambassadors ( CEPPA) which is an APPSS pet project will involve about 10,000 CEPPA to drive the programme nationwide and called on CEPPA ambassadors to embrace project for the uninterrupted growth of their children’s education.

By: John Bibor