Child insurance and education savings
Kids Smart
Whole-of-life cover for a child, with a sum insured that doubles at 21 and triples at 35. Premiums are guaranteed and adjust at each step-up.
- Sold in
- Guyana
- Currency
- GYD
- Plan
- 4000
- Underwritten by
- Demerara Mutual Life Assurance Society Limited
Who it suits
Who should consider Kids Smart
For parents and grandparents who want to start cover early, while it is cheapest, and hand the child a policy that grows with them.
Cover
What it pays
The policy is taken out for a child aged 0 to 12 and cover runs to age 100. Premiums are guaranteed at the outset and are adjusted at each step-up, based on the child's age at that point and the new sum insured.
The sum insured increases to twice the original amount at the start of the policy year after the child turns 21, and to three times the original amount after 35, with no further evidence of health needed. A policy for GYD 1,000,000 becomes GYD 2,000,000 and then GYD 3,000,000.
Cover is from GYD 500,000 to GYD 1,000,000 (XCD 20,000 to XCD 50,000 in the Eastern Caribbean).
At a glance
Key features
- Guaranteed premiums, adjusted only when the sum insured steps up at 21 and 35
- Sum insured doubles at 21 and triples at 35, without further evidence of health
- Non-participating whole-of-life cover with guaranteed cash values
- Optional rider: payor benefit, which keeps the policy going if the person paying dies or is totally disabled
- In the Eastern Caribbean, waiver of premium, accidental death and dismemberment and critical illness riders are also listed
Eligibility
Who can apply
Issued for children aged 0 to 12. Cover from GYD 500,000 to GYD 1,000,000 (XCD 20,000 to XCD 50,000).
Maintained by Life OperationsUpdated
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