EPARGNE EDUCATION contract is a mixed contract that allows you to build up capital to ensure the continuity of the education of your children and rightful inheritee in the event of death or total and permanent disability through an annual annuity. In the event of death or total and permanent disability before the contract expires, a capital equal to the accumulated and revalued savings will be paid to the beneficiary (ies). In addition, the company undertakes to pay at the time of death and until the 22nd birthday of the designated beneficiary(ies), an annual annuity equal to 10 times the amount of the monthly premium mentioned in the subscription, within the limit of 01 million (1,000,000) CFA francs.

You fill and sign a subscription proposal, including a medical questionnaire. You must show sincerity, accuracy and a medical visit may be required. The minimum subscription premium is set at 20,000 FCFA; the first premium will be deducted each year to guarantee the education annuity in the event of death. You can also do it directly on our platform in 5 min. If necessary, however a customer advisor can help you (by email or telephone/WhatsApp). You can pay your premiums in cash at one of our agencies or by Mobile Money directly on the platform via your previously created account. Also, subscription is reserved for subscribers aged under 50 at the first subscription and up to 60 for renewals.

From the end of the second year of the contract you can request by simple letter a withdrawal of part or all of the savings made up (excluding pension premiums). Only total surrender terminates the contract. No redemption fees are applied.

The payment of any benefit in the event of life (partial or total redemption, expiry of the contract) is made within 48 hours after submission of the supporting documents necessary for payment. In the event of death, payment of the death benefit is made within 30 days after submission of the supporting documents required for settlement.

The contract is funded by monthly installments with a minimum of 20,000 FCFA per month and no aggregate indemnity policy. It is possible to make additional payments at any time. As a reminder for each year, the first premium will be deducted from the savings and used to finance the education annuity in the event of death.

Your savings are increased during the term of the contract by a guaranteed revaluation rate of 3.5% net per year.

The capital guaranteed on a given date is equal to all the payments (scheduled and free) deducted from the pension premiums. The guaranteed death capital is therefore equivalent to the accumulation of the revalued savings plus an annual annuity equal to 10 times the amount of the monthly premium mentioned at the time of subscription, until the 21st birthday of the designated beneficiary(ies), within the limit of 01 million (1,000,000) CFA francs.

The charges included in the premium or on the increase in value are as follows:

• Charges on deposits: set at 3% of deposits (commercial premium).
• Charges on outstandings: set at 0% of the previous year’s outstandings.