EduSecure is a regular premium endowment plan which comprises of both non-participating (EduSecure Basic) and investment-linked (EduSecure Saver) elements where 70% of the premiums paid for the basic plan are channelled to EduSecure Basic while the remaining 30% goes towards EduSecure Saver, which is specially designed to support your child’s education planning. This plan provides EduRewards during the general ages of pursuing higher education to reduce the financial burden of tuition fees payment. The investment-linked portion is meant to generate potential investment returns to boost the education funds. You may withdraw the Account Value whenever you need or top-up the investment account when you have extra money. This plan also provides coverage for Death & Total and Permanent Disability (TPD) for your child. Upon maturity, you will receive the EduRewards Plus as a reward for your child’s graduation. Besides that, your child also has the privilege to convert the policy into another protection plan for the same or lower Sum Assured without any medical underwriting.(3)

Payer Benefit Rider is the mandatory rider for this plan. On top of that, you have the option to attach a Term Rider – Payer which provides you (payer) Death and TPD coverage during the rider term. The entry age range for the Payer is from 18 years old (next birthday) to 60 years old (next birthday). Please speak to our agents for more details on these riders.

You can keep track of your unit prices via www.mcis.my.

You can choose to pay your premiums yearly, half-yearly, quarterly or monthly.

Yes. You can surrender the policy any time subject to a surrender charge on the guaranteed surrender value from EduSecure Basic as shown below:

A guaranteed surrender value from EduSecure Basic less surrender charge (as stated in the table above) and Account Value (if any) will be payable upon surrender.

a. The policy shall not cover any death caused directly or indirectly, wholly or partially, if the Life Assured dies by duelling, self-inflicted injuries or suicide, whether sane or insane within thirteen (13) months from the Policy Issue Date or date of reinstatement, whichever is later.

b. The policy shall not cover any Total and Permanent Disability (TPD) caused directly or indirectly, wholly or partly by: attempted self-destruction or self-inflicted injuries while sane or insane; military or naval service in time of declared or undeclared war or while under orders for warlike operation or restoration of public order.

The above list is not exhaustive. Please refer to the policy contract for full details of the exclusions.