CB Chahada - Education Saving Plan

 CreditBank s.a.l.
 (01) 501600 / 501700
 (01) 501800 / 484866		 Because schooling and university fees are continuously increasing, Credit Bank designed in collaboration with Société Nationale d'Assurances the "CB Chahada" Plan, which protects the continuity of the children's schooling tuitions and helps save for their university tuitions.

Covers
- The continuity of the saving plan to ensure the payment of the agreed upon university tuitions, in case of death or total permanent disability.
- Optional: The payment of the schooling tuitions until the children reach the pre-defined university age, in case of death or total permanent disability.

Conditions
- The insured person should be a client at Credit Bank.
- The age of the insured person should be between 20 and 55 years.
- The premium should not be less than 25 USD.

Advantages
- Flexible plan enabling to save for the appropriate university tuitions that suits current budget and children’s needs.
- 4.5% minimum guaranteed annual rate of return on investment amounts.
- The possibility to benefit from additional return on investment according to the dividends rate declared each year by Société Nationale d’Assurances sal.
- The possibility to protect the investment amounts from inflation through an annual variation rate varying from 1% to 10%.
- Monthly premiums starting from 25 USD, automatically withdrawn from the bank account.

Illustrative Table

Figures are based on a monthly premium of 50 USD with a 3% annual variation rate.
Parent Age Child Age Total Paid Premiums (USD) University amount at child age 18* (USD)
4.5% minimum guaranteed annual return on investment 7% annual return on investment
28 1 13,164 17,769 22,766
 30 2 12,180 16,071 20,318
33 3 11,184 14,428 17,994
37 4 10,332 12,920 15,905
41 6 8,520 10,120 12,135
44 8 6,936 7,812 9,127
*Paid at university age as lump sum or in 5 guaranteed yearly installments (interest will be added).

For further information, we are pleased to welcome you in one of our branches.