Sri Lanka is among the countries with the highest literacy rates in South East Asia and this has spurred children to become more competitive. Higher education for their children is the biggest concern for today’s parents, whatever the age and aptitude of their offspring. Only 17 percent of all eligible Sri Lankan students ultimately enter local public universities, according to the University Grants Commission. What happens to the rest? They are left with two options. Either opt to get a higher education qualification locally or seek a degree overseas. Both options are considerably expensive and require a significant lumpsum. .Addressing this problem faced by anxious parents in an increasingly competitive world, AIA Insurance has an education plan to reassure them. According to the well-thought out insurance solution evolved by AIA, parents who dream of a world class education for their little one can ensure that the child would receive a fund for higher education, even if they are not around. This is because AIA would continue to pay the premium if the unforeseen happens to the insured parent. In case of such an eventuality the AIA Education Plan provides a lump sum for the family, to help maintain their lifestyle, as well as building an education fund for the child. When the parent invests in an AIA Education Plan, the fund grows at a compounded rate because the company has a unique dividend system to ensure the continuous build up of the fund at an annually declared rate.
“AIA as the real life company understands the concerns of parents who are aware that the cost of private higher education is increasing exponentially. Parents have the option of preparing to meet the higher education of the child by planning ahead and investing in a comprehensive solution that has been designed to ensure an education fund for their child” AIA Insurance Head of Marketing and Company Spokesman, Suren Perera said. AIA Chief Executive Officer Shah Rouf commented “We have AIA’s extensive experience and expertise in Asia to support us in developing products that meet the emerging needs of today’s parents with ambitious aspirations for their children. This has strengthened our effort to provide customers with a range of innovative solutions.” Details of AIA solutions can be easily obtained from AIAWealth Planners or by calling 2310310.