Madison UniPlan is a policy that enables parents and guardians to save up funds to guarantee their children’s college education. It allows parents/guardians to predetermine the cost of the college education for their children early enough by having a structured saving plan towards a set goal depending on the choice of college and the course.The policy allows flexible funding by allowing variation of the contributions during the term of the policy.
Click here to download the Madison Uniplan Brochure
The policy has a minimum set return.
Allows parents to cover the cost of the college education for their children by having a structured savings plan depending on choice of college and course.
High returns on maturity
In the event of death or permanent total disability while the policy is in force, all future premiums shall be waived maturity benefits paid
The policy’s minimum term is 5 years and the maximum term is 15 years.
The policy is eligible to parents/guardians between the ages of 18 years and 65 years.
It is strongly recommended that the parent/guardian discuss the career choices with the child in order to make an estimate of the probable tuition costs.
In the event that the child chooses to pursue a course that is more costly than was previously envisioned, the parent/guardian either has the option of revising the premium payments provided the outstanding duration is at least 2 years.
In the event that this is within the last two years to maturity, the parent/guardian will bear the additional costs over and above the benefits payable.
If the child fails to join college, the full fund value at maturity will be payable to the parent/guardian.
Upon the demise of the beneficiary within the term of the policy, the parent/guardian has the following options: The policy continues until maturity when the parent/guardian will get the agreed sum.
The policy continues until maturity when the parent/guardian will get the agreed sum.
Nominate another beneficiary.
Immediately receive as a cash lump sum the value of the fund as a beneficiary of the policy.
In the unfortunate event that the parent/guardian passes on or suffers total or permanent disability within the term of the policy, Madison will undertake to fund the policy for the remainder of the term provided the parent/guardian would have been aged below 70 years at the time of death or disability.
Enter your details below and we’ll get back to you within one business day.