Our Gift

Invest in an insurance plan that will help secure your child’s educational needs.

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At a Glance

Quality education plays a significant role in securing a brighter future for your children, but the rising cost of education makes it challenging for families to realize the dream of quality education as a reality. Our Gift is specifically designed to ensure that your children will get their dream education and the protection that they deserve.

Eligibility and Coverage

  • Parents or guardians who are 18 to 65 years old can enroll their children.
  • Children’s age at the time of enrollment must be between 0 to 10 years old.
  • Paying period may be 5 or 10 years.
  • Child’s education fund coverage is provided starting from 16 to 21 years old.
  • The policy contract covers the child until the age of 25.
  • Life insurance coverage covers the child until the age of 25.
  • Different modes of payment available:
    • Quarterly
    • Semi-Annual
    • Annual

Guaranteed Benefits

An education fund benefit is given in six guaranteed annual payouts when the child reaches 16 years old.

14% of the sum assured is given at the age of 16 with guaranteed increases of 12.5% yearly until the child reaches the age of 21.

The accumulated cash value serves as a premium bonus that will be given to the child at the age of 25.

Life insurance covers the child until the age of 25.

Other Benefits

Accidental Death Benefit An accidental death benefit is provided when the parent or guardian passes due to an accident. If the insured passes, loses sight, or suffers physical dismemberment or disability within 180 days from the date of the accident, Etiqa Philippines shall pay the accidental death benefit with the amount specified in the table of indemnities.

Payor’s Rider A payor’s rider pays for all future life insurance premiums that will fall due during the time that the parent or guardian is unable to work caused by total and permanent disability.

Premium Deposit Funds A premium deposit funds rider allows the parent or guardian to invest a portion of their policy up to a maximum future premium. It provides guaranteed capital protection and interest rate specified in the table of premium deposit funds balance. The premium deposit funds may be withdrawn anytime without any lock-in period.

Non-Forfeiture Options

Non-forfeiture options may be used when the policy owner could no longer afford to continue paying for premiums that will fall due during the duration of the Policy. This allows Etiqa Philippines to use the accumulated earnings of the policy contract to ensure continuity of the coverage.

Net Surrender Value A net surrender value provides the parent or guardian the total cash value earned once the policy contract is voluntarily terminated before its maturity date.
Paid-Up Insurance A paid-up insurance option uses the policy’s cash value to pay for all further premiums. Thus, reducing the total amount of Sum Assured.
Extended Term Insurance An extended term insurance option allows Etiqa Philippines to use the cash value to purchase a term insurance. Thus, providing a term life insurance coverage to the child at a given period. The coverage of the term insurance policy would depend on the amount of cash value earned until the time of forfeiture.

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