Education remains one of the most secure and worthwhile investment options in the world. The returns gained on investing in quality education always surpasses the investment value. It is therefore key that careful planning is applied on matters of education. The onus of education planning is even greater on parents with children. Investing in an education policy cover is an option that more and more parents are considering.

The Sanlam Stratus EduFocus is a flexible and secure education policy which allows parents to plan for the best possible education for their children. This policy offers the option of monthly premiums or a lump-sum investment and it also offers future risk cover.

Clients under this cover are at liberty to invest in a choice of up to ten investment funds depending on the risk-to-reward tolerance and a client can switch between funds as the risk profile changes. There are various investment terms involved with Sanlams Stratus Edufocus, the minimum investment term is 5 years, maximum investment term is 20 years, minimum lump-sum investment is R10,000, recurring payment comes with minimum of R150 per month if you invest for 18 years and longer, R200 per month for a term of 15-17 years, R250 per month for a term of 10-14 years and R400 per month for 5 to 9 years. The recurring payment for external unit trust funds comes with a minimum R400 per month if you invest for 10 years or longer, R600 per month for 5-9 years. The minimum lump-sum amount is R10,000 and for a combination of a lump sum and recurring contributions, the minimum lump sum is R2,500.

This policy also comes with optional benefits such as premium waiver with future growth at disability, premium waiver without future growth at disability, premium waiver with future growth at death and premium waiver without future growth at death.

Sanlam can be contacted on 0860223390.