Enterprise Life launches Enhanced Educare policy to address educational needs

The new insurance solution raises the eligibility age from 18 to 20. It offers additional benefits, including coverage for death and total permanent disability. Clients will also receive entrenchment benefits if they lose their jobs. A cash account is included for saving other needs.

Mike Tyson, Chief Financial Officer at Enterprise Life, spoke on behalf of the CEO. He explained that the product combines life cover with an investment component. This aims to financially secure children's education.

Tyson expressed confidence that this product will meet family needs. He believes it will inspire children to dream bigger and achieve more. He emphasized the company's commitment to supporting education through relevant insurance policies.

“Education transforms society,” he stated. However, funding can be a major challenge for families. Life solutions provide welcome relief for these funding challenges.

Jacqueline Benyi, Managing Director of Enterprise Life, echoed Tyson's sentiments. She noted that the product reflects feedback from clients. The company is committed to standing by its customers.

“With the Enhanced Educare Products, we support you at every life stage,” she said. She highlighted the importance of education and navigating life's unpredictability. This enhanced solution helps clients manage uncertainties in life.

Owusuwaa Eshun from the Underwriting and Reassurance Department shared details about the policy. She mentioned that while the base has improved, customers only pay for optional benefits like retrenchment coverage and death waivers.