Dowry insurance

The task of a dowry insurance is to ensure your child a calm start in adult life. Dowry insurance is signed when your child is still small. Payout occurs when we choose - usually when the child reaches the age of majority, the initiation or completion of studies. Let us remember one thing – deposited capital is being accumulated during these years.

 

 

  • Dowry insurance is a product that you purchase when you want to ensure your child a safe start in the future
  • You decide about the duration of the contact 
  • Assets from the policy can be used to finance education or to purchase first home

 

 

 

 

When you choose a moment in which you want to sign a contract, we have to decide when the child receives the money. Premiums can be paid regularly in the form of monthly or quarterly payments or at one time.
Let's check what are other benefits provided by dowry insurance, except for money. Many companies offer pensions for the child in case of death of a parent as well as in case of a child’s permanent disability.

  • Dowry insurance provides compensation for death of a parent / parents
  • You have full discretion with regard to the form of payments 

Remember about paying premiums to the insurer on time.
If you opt for one time payment and after a while you decide that you want to invest more in the future of your child, the insurance company will not pose any difficulties. There is a possibility when you can pay premiums at a later date, although you decided for one time payment.

 

  • There is a possibility to pay additional premiums to the policy, if you want to invest more than initially planned
  • Remember about paying premiums to the insurer on time.

Once the child reaches the age stated in the contract (e.g. 18 or 25 years), he or she is entitled to specified benefits  This amount can be paid at one time or in installments, for example in the form of monthly payments. Your child can continue to cooperate with the insurer. Accumulated capital can be used to settle an investment or insurance policy.

 

Payouts

When the child reaches the age stated in the contract, he/she has the right to take the money collected in the policy.

Form of payment

Payment can be paid at one time or in installments, for example in the form of monthly payments.

Accumulated assets

After payout from the policy, we have full discretion in managing these assets. If you do not need the money immediately, it is worth investing them again, For instance, in a savings insurance policy.