Student Loans in Lebanon, Education Loan in Lebanon, Saving Plans for Students in Lebanon

Overview Benefits

Overview

Bancassurance saving plans to finance your children’s education, are offered in collaboration with Allianz SNA. These include:

Education Savings Plan

The Cedrus Education Saving Plan aids clients in increasing their savings and provides them with a high return on investment, as well as a life insurance policy for a minimum of a USD50 premium per month.

Allianz SNA finances the child’s university tuition or school tuition (optional), in the event of:

Death (natural or accidental)
Total Permanent Disability (TPD) – Optional
- Passive war – Optional
- At the plan’s maturity

Benefits

An obligatory savings concept
Savings that go towards the university tuition of children. At maturity of the policy, the tuition can be paid either as a lump sum or up to 5 years annuities
Secures capital from inflation by annually increasing the premium from 1% to 10%
Secures a minimum of 3.5% annual rate of return on investment for the accumulated amount, from the date of issue, guaranteed by Allianz SNA and subject to the prevailing taxes, currently at 10%
Chances of receiving additional returns on investment, based on Allianz SNA yearly dividends rate
Possibility to increase regular payment amount at the policy’s anniversary or to make an exceptional payment anytime
Possibility to domicile the monthly premium on Cedrus Bank credit card for free
Policies issued and delivered to clients on the spot at the branch in standard cases (i.e.: those that do not require any underwriting from Allianz SNA)