Hasad

Hasad Plan

Is a flexible program designed to establish a comprehensive financial plan to cover children's university education expenses, as well as to safeguard their schooling and higher education needs in the unfortunate event of death. The program encompasses two key components: Investment and insurance components.

Investment

Hasad plan provides a variety of international & local investment funds to meet your current needs, with the possibility to switch and/or redirect between the available funds to accommodate future changing needs.

Protection

Hasad plan offers a variety of basic and additional insurance coverages:

• Death any cause coverage (illness or accident) – basic coverage.
• Total permanent disability coverage (illness or accident) – additional coverage.
• Waiver of premium coverage in case of the insured's death – additional coverage.
• Waiver of premium coverage in case the insured's total permanent disability – additional coverage.

Program Specifications

• Policy duration: 6 - 18 years.
• Entry Age: 18 - 64 years.
• Premium payment methods: Monthly, quarterly, semi-annually, or annually.

Why Choose Hasad Plan?

• A customizable plan that suits your current children's educational needs, with the ability to modify it later.
• Ability to add inflation rate on annual premium / sum insured amount.
• Possibility of partial withdrawal from policy account value.
• Ability to switch and/or redirect between our available investment funds.
• Flexibility to modify the annual premium, insurance amount, chosen insurance coverages, and inflation rate.
• Policy account value at maturity can be paid either as lump sum or annual installments to cover university tuitions.
• Annual payments will be paid to cover schooling and university education costs in case of the insured's death or total permanent disability (if chosen).
• Guaranteeing your children's future after graduation by disbursing the investment balance as a lump sum in case of policyholder's death or total permanent disability (if the appropriate additional coverage is chosen).
• Different solutions are available in case of inability to pay due premiums.
• Multiple options for premium payment methods.