Gibraltar BSN Launches Comprehensive Education Plan: SMART EDU01 Oct 2018
Kuala Lumpur, 1 October 2018 – Gibraltar BSN Life Berhad (“Gibraltar BSN”), one of Malaysia’s fastest growing life insurance companies, has launched Smart Edu, a comprehensive investment-linked education plan.
Smart Edu is a regular premium investment-linked education plan that offers a combination of insurance protection, saving, and investment. Developed following extensive surveys and customer data analysis, the education savings plan provides parents with the flexibility to choose from three investment-linked funds (Gibraltar BSN Bond Fund, Gibraltar BSN Strategic Fund, and Gibraltar BSN Aggressive Fund) and the freedom to top up premiums at any time to accumulate higher savings. Upon maturity, Smart Edu policy holders will also enjoy an additional 10% of the total premium paid on top of the account value. Smart Edu is distributed via Gibraltar BSN’s nationwide agency channel.
Rangam Bir, President, and Chief Executive Officer said, “Saving for our children’s education and securing their future remains a top priority for many of us as we believe that a sound education is the greatest gift a parent could give their child. With the rising cost of education and inflation, it is important for parents to start saving in advance and in a disciplined manner. Our latest needs-based plan, Smart Edu, will assist parents with long term planning for tertiary education and provide them with peace of mind that their children’s future is securely protected.”
Catering to Malaysians from all walks of life, Smart Edu can be purchased for children as young as 30 days and premiums start from as low as RM200 per month. Additional benefits include a one-time bonus of RM2,000 credited into their Investment Account after the fifth year and a yearly education allowance of RM1,000 once the child reaches the age of 19, 20, and 21 respectively. Under the plan, Gibraltar BSN will also ensure the policy continues to protect the child’s education needs and aspirations in the unfortunate event of the policy owner’s demise.
Smart Edu complements Gibraltar BSN’s range of simple, relevant and affordable financial solutions that includes life and health protection through traditional and investment-linked plans. For more information on our products, please visit https://www.gibraltarbsn.com/.
From left to right:
- Anna Lim, Chief Officer, Agency, Gibraltar BSN Life Berhad
- Rangam Bir, President, and Chief Executive Officer, Gibraltar BSN Life Berhad