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Education Savings Plan

WealthEdu

Assuming education inflation rate of 5% per year, an average yearly university cost of RM40,000 will cost you RM106,000 in 20 years time.

Wealth Edu

Fulfill your child’s dreams and aspiration by having an education savings plan and enjoy better growth potential that is needed to support your child's education throughout his/her growing years, thus ensuring that you can afford the rising cost of education, whether locally or abroad.

Key benefits explained
  • Education Bonus to grow your education savings

    Enjoy an additional 2% on the average of your past 60-months account value for each year of the last 5 policy years.

  • Flexible Commitment Contribution and Investment option

    Provide the flexibility to support your financial protection.

  • Value-added education concierge services

    A one-stop information center on enquiries with regards to education abroad.

  • Flexible investment options

    Option for withdrawal to assist in education planning and financing.

  • All round protection and peace of mind

    Provide contingency funds in the event of death or total permanent disability (TPD) of your child before the age 23.

  • Flexible option to build contingency funds

    Combine Wealth Edu with a wide range of supplementary insurance plan to make the perfect combination for your needs.

  • Tax relief incentive

    Receive tax relief of up to RM3,000 per year.

Interested in this product?
What we do not cover?
  1. Suicide within 1 year from the issue date or a date of reinstatement (if any), whichever is later.
  2. TPD resulting from intentionally self-inflicted injury; any act due to war, declared or not; or military, naval or air service for any country at war, declared or not.

For the full list of exclusions, kindly refer to our brochure, available for download below.

This product is not for you if...

Your age is 14 and above.

Important Product Details
Underwritten by AXA AFFIN Life Insurance Berhad