Sony Life Insurance Co is set to launch new educational endowment insurance (non-participating) on 2 January 2014 to cater to the needs of broader customer base.
The new product will be an addition to the company’s line-up of semi-participating educational endowment insurance, and will address the requirements of customers who wish to reduce the burden of insurance premiums.
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It enables policyholders in efficient accumulation funds to pay for children’s education.
Clients can choose from three types of insurance. Type I provides funds to pay enrollment fees of junior high school and high school comprehensively, in addition to funds for college fee payment.
Type II concentrates on accumulating funds to pay costs upon entering college, while Type III offers educational funds each year after entering college.
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