Insurance in Guyana
Child insurance and education savings in Guyana
Insurance and savings for a child, started early and kept for life.
Plans
Child insurance and education savings: plans sold in Guyana
One plan in this group. Each page explains who it suits, what it pays and what you need to apply.
In plain language
How child insurance and education savings work
Kids Smart is whole-of-life cover for a child from birth to age 12. The sum insured doubles when the child turns 21 and triples at 35, and the premium is adjusted only at those two step-ups, so a policy bought for a baby becomes real cover for an adult.
In the Eastern Caribbean, an endowment to age 18 builds a lump sum for school or university. Either plan can carry a payor benefit rider, which keeps the policy going if the person paying dies or is disabled.
Maintained by Life OperationsUpdated
How to get covered
- 01Talk to an agentDecide whether the goal is lifelong cover for the child, a lump sum at 18, or both.
- 02ApplyThe parent or guardian completes the application with the child's details and their own.
- 03Policy issuedThe premium is set when the policy is issued. On Kids Smart it changes only when the cover steps up at 21 and 35. Pay at an office, by bank transfer or by salary deduction.
- 04Hand it overWhen the child is an adult the policy can be transferred to them.
Forms
Forms for child insurance and education savings
Print, complete and bring to your office, or ask your agent to complete it with you.
All forms and documentsQuestions
Child insurance and education savings: common questions
How do I apply for a policy?
Visit any Demerara Mutual office, speak to an agent, or request a callback and an agent will contact you. Each office's phone number is on the Offices page.
Do I need a medical examination?
Some plans require a medical examination, usually when the sum insured is high or you have an existing health condition. Your agent will tell you before you apply.
How do I pay my premiums?
You can pay at the counter of an office that takes payments, by bank transfer, or by salary deduction where your employer offers it. The Pay a premium page lists the options in your territory, including MMG and SurePay where they are available.
What riders can I add to a life policy?
Whole-of-life plans offer waiver of premium, accidental death and dismemberment, critical illness and payor benefit riders. Term plans offer waiver of premium and accidental death and dismemberment. A rider adds to the premium and is chosen when you apply.
Does smoking affect my premium?
Yes. Premiums are set separately for smokers and non-smokers, and by sex and age at the start of the policy. Your smoking status is asked on the application.
How does the cover on Kids Smart grow?
The sum insured doubles at the start of the policy year after the child turns 21 and triples after 35. The premium is guaranteed at the outset and is adjusted only at those two step-ups, based on the child's age at that point and the new sum insured.
Visit
Where to apply in Guyana
Head office
Head Office, Georgetown
61 & 62 Avenue of the Republic & Robb StreetGeorgetown+592 225 8991-3Agency
Clarke's Agency
61 & 62 Avenue of the Republic & Robb StreetGeorgetown+592 225 3844 ext 314Agency
Blair's Agency
63 Avenue of the Republic & Robb StreetGeorgetown+592 225 8991-3 ext 312
Talk to an agent
Not sure which plan fits? Ask an agent in Guyana.
Tell us what you want to cover or save for. An agent from your local office will call you back to explain the options and the cost.
Request a callback