• Mr Kwaku Tweneboah Kodua (left), Head of Retail at Societe Generale (SG), Ghana addressing the press launch, while Mr Francois Marchal (2nd left), the Deputy MD of SG, Ghana, Dr Matt Lilley (2nd right), CEO of Prudential Africa and Mr Emmanue Mokobi Aryee, CEO of Prudential, Ghana, listen.

Societe Generale, Prudential Life launch education plan

Seth J. Bokpe Business News Aug - 13 - 2015 , 22:59

Societe Generale Ghana and Prudential Life Insurance Ghana have launched an educational insurance to allow parents to invest in the future of their children.

The Sound Education Plan offers a two-fold benefit — it enables parents to save for school or university fees while at the same time receiving high interest for many years.

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It features a four per cent bonus, which is awarded to parents or guardians who pay all of their premiums.

With a minimum of GH¢30 and GH¢1,000 a month for covers between eight and 25 years, a parent or guardian also has the option to accelerate the growth of their investment account by making quarterly lump sum contributions of a minimum of GH¢100.

Since it is a life insurance policy, Prudential will continue to make payments into it even if a parent passes away or becomes permanently challenged.

The launch of the plan follows the signing of a partnership agreement between the two organisations in Ap