Leadway Assurance partners association for bespoke education plan
Leading underwriter, Leadway Assurance Company Limited, has partnered with the Association of Parents of Private School Students (APPSS) to launch an education insurance policy plan tagged the “Group Education Protection Plan (GEPP)”.
The bespoke education plan, which was launched at the Children’s Day event hosted at Eliud International School in Port Harcourt recently, is designed to help parents protect their children’s future from possible socioeconomic disruption in schooling due to unplanned or unforeseen events, such as the death of a parent or guardian, life threatening critical illness, total and permanent disability resulting from personal accidents.
With this partnership, the parents are guaranteed the fulfillment of bequeathing their children quality and life-defining education, no matter what life throws at them.
This unique alliance mandates Leadway Assurance to assume the payment of the children’s fees for the agreed remaining school terms from the point the sponsoring parent or guardian dies or contracts a critical illness or disability.
Speaking on the initiative, Bolorunduro Saliu, Head of Life Retail, Leadway Assurance, was quoted in a statement to have said, “This policy reflects the organisation’s proactive steps towards mitigating the risk parents face of failing to achieve their dream of bequeathing quality education to their children due to circumstances that are beyond their control, especially death or permanent disability.
“We are pleased to work with a forward-looking Association that is keen to proactively take smart financial decisions for their children’s assured future. Our partnership with APPSS provides every parent under the Association the assurance that should the most unnerving life situation occur, there is guaranteed peace of mind regarding the completion of your child’s education”, Saliu added.
Accrding to him, “The intention of this policy is to have a solution that protects the parents which in turn protects the education of their children in case of any eventuality. This product is designed to provide an actionable and affordable solution to ensuring that our children, being the future of the society, have proactive measures put in place to ensure that their journey to greatness is not halted abruptly.”
Speaking on the partnership, National President, Association of Parents of Private School Students (APPSS), Dr. Ovy Chukwuma, said, “Leadway Assurance has magnanimously created this programme at a very affordable premium and high sum assured to cater for the payment of fees for children in private schools nationwide from Nursery to Secondary Levels.”
