LIFE INSURANCE
Group Education Scheme
Securing Every Child’s Future
KnowYouCan
Claims Process
1. Download and fill out a claim form.
2. Submit the claim form along with the complete documentary requirements online to ccare@axamansard.com or to the nearest AXA Mansard Office.
3. AXA Mansard will confirm the approval of your request through e-mail or a call.
4. Claim will be settled and received via your preferred channel as indicated in the e-mail or call.
The AXA Group Education Policy is a yearly renewable plan designed for schools to safeguard students’ education. The school purchases the policy while parents contribute through tuition payments, ensuring that in the event of unforeseen circumstances affecting a parent or guardian, the child’s education continues without disruption in the school.
For example: If a student in JSS2 has annual school fees of ₦5,000,000, up to SS3, and the sponsor passes away, AXA Mansard will pay the total fees from JSS2 until the student graduates. This way, the child’s education is fully secured regardless of life’s uncertainties.
Benefits
- Education Continuity – guarantees uninterrupted schooling for students even if parents face life’s uncertainties.
- Peace of Mind for Parents – parents can be assured their child’s education will not be cut short.
- Support for Schools – helps schools retain students and secure future funds for the school.
- School Goodwill/ Image preservation– this project the school in a good light being an institution that cares for their student
- Flexible Coverage – adaptable to different school levels (primary, secondary, tertiary).
Features
- Entry Age: 19 – 65 years
- Policy Term: 1 Year; Annually renewable
- Payment Frequency: Yearly
- Optional Riders: Permanent Disability, Critical Illness
- Benefit: Pays tuition/sum assured yearly or termly, ensuring fees are covered when needed.
FAQs
This policy is designed for schools to ensure the continued education of their students by covering the lives of the parents/guardians.
Premiums are generally paid by the parents through the school. The school being the policyholder, coordinates the premium collection, ensuring that the policy remains active for all eligible participants.
The policy offers options to cover either one or both parents/guardian of the student. Single life is when only one parent/ guardian is covered while joint life is when both parents/ guardians are covered for each of the student. In a situation where both parents are covered, the sum assured is paid on the first occurrence of death of either of the parents/guardian covered.
The sum assured is derived by summing up the students future outstanding school fees in the school. There is the option to review sum assured based on increase or reduction of school fees.
Once a student is no longer a member of the school covered by the policy, the parent will no longer be part of the policy. In this situation, the parents can be advised to purchase an individual Edu Plan Policy.
