Gibraltar BSN launches Smart Edu investment-linked plan

by TMR

Gibraltar BSN Life Bhd (Gibraltar BSN) has launched a comprehensive investment-linked education plan named Smart Edu. Smart Edu is a regular premium investment-linked education plan that offers a combination of insurance protection, saving, and investment.

It provides parents with the flexibility to choose from three investment-linked funds (Gibraltar BSN Bond Fund, Gibraltar BSN Strategic Fund, and Gibraltar BSN Aggressive Fund) and the freedom to top up premiums at any time to accumulate higher savings, the life insurer noted in a release Monday.

Upon maturity, Smart Edu policy holders will also enjoy an additional 10% of the total premium paid on top of the account value.

“With the rising cost of education and inflation, it is important for parents to start saving in advance and in a disciplined manner,” Gibraltar BSN president and CEO Rangam Bir said adding the Smart Edu plan will assist parents with long term planning for tertiary education of the children.