UniMaster Plus
An educational scheme through which parents can save up capital for their children’s education.
What it is about
UniMaster Plus is an educational scheme through which parents can save up capital for their children’s education by systematically investing in the Internal Unit-Linked Funds of Universal Life.
Target
Accumulating capital for financing children’s education.
Duration
From 10 to 21 years
Insurance Cover
Maximum insurance cover of €2.000.000
Investment Funds
A choice between the five Internal Unit-Linked Investment Funds of Universal Life
Tax Exemption
Premiums can be tax exempted
Benefits/Covers
- In the event of the insured's total disability, the insured is exempted from the obligation to pay further premiums until the age of 65 or until death.
- In the event of the death of the insured life and provided that the child is alive, the amount paid will be equal to the difference, if any, between the insured amount and the value of the units. In this case, no future premiums are paid until the expiration of the policy.
Additional benefits
Term Assurance
Additional insurance cover for loss of life with very low premium and predefined duration, which does not exceed that of the policy. This cover is paid for loss of life from any cause.
Accidental Death
In case of loss of life from an accident, the amount is paid as a lump sum to the heirs over and above the sum assured of the basic plan.