Societe Generale Ghana and Prudential Life Insurance Ghana have launched a new product called the Sound Education Plan to help parents achieve the best possible futures for their children.
The Sound Education Plan is to help parents plan and save school or university fees while also receiving a high level of interest.
This unique product is an alternative to taking out a loan which often involves making interest payments for many years.
It is the first education plan in Ghana to feature a unique four per cent bonus which is awarded to parents who pay all of their premiums.
Parents can save as little as GH¢30 a month for between eight and 25 years. As the plan is an insurance product, Prudential will continue to make payments into it even if a parent passes away or is permanently disabled. The launch of the plan follows the signing of a partnership agreement between the two organizations in April which allows Societe Generale’s customers to buy Prudential’s life insurance products in any of the bank’s 40 branches throughout Ghana.
Emmanuel Mokobi Aryee, CEO of Prudential Ghana said the sound educational plan is one product that parents can use to secure the future of their children to give them the best of education.
“Prudential is delighted to work with Societe Generale as we both want to provide superior financial solutions to improve the quality of life of our customers. The Sound Education Plan is an easy way for parents to save for their children’s education which is often the most significant investment they will ever make.”
Francois Marchal, Deputy Managing Director of Societe Generale Ghana, said the bank was committed to see children have sound and quality education in Ghana and so they will encourage Ghanaians to take advantage of the sound education plan to help them give better education to their children.
“We are delighted to launch the unique Sound Education Plan with Prudential, which is one of the world’s leading life insurance companies. We are committed to giving our customers the best possible range of products, especially when it comes to insurance, and look forward to working with Prudential over the coming years as we grow our insurance portfolio.”
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By: Norvan Acquah–Hayford/citifmonline.com/Ghana