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Sanlam Individual Life Plans

Educare
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What is
Educare?
Educare is an insurance product that allows the parents and
guardians to save for the future education of their children while
at the same time safeguarding against financial distress that
might be caused by unforeseen events such as critical illness,
physical incapacity and loss of life.

Educare is available to all people within the age group of 18 to 65

years and will provide life insurance cover up to the age of 85
years, secured through payment of regular premiums.

You can choose to have a policy with a term between 9 and16

years with Maximum Sum assured of 950 million.
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Key
facts
about
Educare
Educare provides a savings vehicle with a very competitive internal rate of return

3
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Educare ofers unique risk benefits such as critical illness, disability that are not commonly
available on the Ugandan market

Educare provides death benefit as a result of the COVID 19 pandemic

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Features of Educare.
& Benefits
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Death Benefit: in case of death, we pay to

your beneficiaries 100% of the sum assured
1 in case of
non-accidental death and in case of an
accident leading to death we pay to your
beneficiaries 200% of the sum assured
and waive all future premiums up to
maturity

Critical Illness Benefit: in the unfortunate

2 case of a member getting diagnosed of
cancer, stroke, heart attack, kidney failure,
we pay up to 50% of the sum assured and
waive all the future premiums up to
maturity
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Disability Benefit: in the event of disability arising

from an accident leading to loss of two limbs or
3 both eyes, we pay up to 100% of the sum assured
and in case the disability is permanent and partial
we pay the percentage of the sum assured in line
with the degree of disability declared by a medical
specialist; and thereafter waive all the future
premium until
maturity.

Maturity Benefit: The policy pays out a maturity

4 benefit in 4 annual installments starting with the
fifth year before maturity and in the final year of Year 6 25 million
maturity an additional 100% of the sum assured is Year 7 25 million
also paid.
For example if you choose a sum assured of 100 Year 8 25 million
million for a term of 10 years the maturity benefits Year 9 25 million
will be paid out as follows:
Year 10 100 million 6
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What happens if Insurance Act

2017 Compliant
I need to Exit before The educare product is licensed by the
Insurance Regulatory Authority of Uganda

maturity? in accordancewithsection65ofthe
insurance Act 2017.

In case your priorities have changed and for some reason you do not
wish to continue with the policy, you can do so by;

Surrendering your policy and encashing your savings up to the

surrender value which is acquired after the policy has received at
least 12 months’ worth of premium.

or

Request Sanlam to change the status of your policy and adjust your
risk cover for death, disability and critical illness at no additional
premium in future in which case the policy status will be changed to
the paid up status; this option is available only if the policy has
received premium for at least 12 months
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Head Ofice Customer Service Center

Plot 15 Princess Anne Drive Bugolobi P O
BOX 25495 Kampala
Tel: +256 41 772 6526
WhatsApp +256 (0) 712 726 526
E-mail: info@sanlam.co.ug
Crown House Plot 4A Kampala Road P O BOX
25495 Kampala
Tel: +256 41 772 6526
E-mail: customercare@sanlam.co.ug

Regional Ofices

Arua Gulu Hoima

Orasea Complex Plot 47 Gulu Plaza Plot 54 Main Street Hoima
Adumi Road Arua Town Plot No. 3, Jinnah Road Gulu Town
Tel: +256 39 178 160 Town Tel +256 39 178 162
E-mail: info@sanlam.co.ug Tel: +256 39 178 153 E-mail: info@sanlam.co.ug
E-mail: linfo@sanlam.co.ug
Jinja
Plot No. 15 Kasese Lira
Main Street Plot No. 72 Yodev Plaza
Jinja Town Rwenzori Road Plot 3 Kabalega Road Lira
Tel: +256 39 178 157 Kasese Town Town
E-mail: info@sanlam.co.ug Tel: +256 39 178 159 Tel: +256 39 178 154
E-mail: info@sanlam.co.ug E-mail: info@sanlam.co.ug
Mbale
Plot No. 37 Cathedral Mbarara Plot Soroti
Avenue Mbale Town 13 High Plot 8
Tel: +256 39 178 161 Street North Avenue
E-mail: info@sanlam.co.ug Mbarara Town Soroti Town
Tel: +256 39 2178156 Tel: +256 39 178 159
E-mail: info@sanlam.co.ug E-mail: info@sanlam.co.ug