Il’m

Your Child Education Assured

Your Child’s Future is Precious

Be it an aspiring lawyer, a caring doctor or a skilled engineer – whatever your child aspires to become tomorrow, we make sure it comes true. ILM (Child Education Plan) ensures your promise of better education gets fulfilled no matter what the future holds for you

Allied Bank, with EFU Life Assurance Ltd, introduces “IL’M”, a savings plan that helps you meet your child’s future education expenses.

Features

  • Education Bonus
  • Freedom to customize
  • 14 Day Free-Look Period
  • Fund Acceleration Premium (FAP)

Built-in Benefits

  • Accidental Death and Disability Benefit upto Rs. 5,000,000
  • Continuation Benefit
  • Regular Education Fund Benefit

Why?

Education costs that are already exorbitant will further soar because of uncontrollable inflation. Saving adequately and then prudentially investing those savings will give you the financial ability to fulfill the promise of a better education to your children, even if you are not around to see it.

When Should You Start?

The earlier you start saving the better your child’s future will be. So build a steady saving from as low as Rs.6,000 per annum with ILM After all, you work hard to earn your money; it’s only fair that your money should work hard for you in return.

Milestones to Look-out for

  • School Fees: Rs. 70,000-Rs. 100,000 per year
  • University Education: Rs. 300,000-Rs. 500,000

These are approximate costs for good local schools and universities. These costs are substantially high right now and will be even higher by the time your child reaches these milestones.

Product Features and Benefits