Education savings plan
Education planning sets your child up for future success. Start saving for your child's education with a child education plan.
It's well known that education doesn’t come cheap, especially when you consider private or overseas study. If you want the best for your child, start preparing early by investing in an education policy.
- Start saving from R500 per month.
- Get a loyalty bonus for staying invested for 5 years or longer.
- We boost your savings if you invest above a certain amount.
Get #AdviceForSuccess. Speak to a financial adviser to help you set up your educational plan.
What is an education plan?
Education is one of the biggest expenses parents face in South Africa. It’s a clear reminder of what a child can cost - from school fees and uniforms to extra lessons and university tuition. Our education policy helps you plan ahead by making it easier to invest in your child’s future, while giving you peace of mind with the added protection of insurance.
With an education savings plan from Momentum Savings, we reward your commitment for staying invested. You can grow your investment through a choice of funds based on your savings term and risk appetite. You also have the flexibility to add once-off top-ups when you have extra funds available (like a cash bonus) – subject to the product rules. Plus, for a little extra, we offer you the promise to pay contributions on your behalf, if something happens to you - so your child’s education and future always stay on track.
Ready to invest in an education policy?
If you’re looking for an education plan, with Momentum Savings, choose an endowment. Our financial advisers can help you shape the education savings plan that’s just right for you and your needs.
Investo Endowment
Grow your savings money for a specific term while getting estate planning and tax benefits.
Monthly contribution
From only R500 per month.Investment period
Choose a fixed initial savings term of 5 years or longer to suit your long-term goals.Features
Enjoy tax-efficient growth if you are in a higher income tax bracket.Choose from many investment funds to suit your needs and goals.
Get rewarded with a loyalty bonus for staying invested.
An investment that gives you more
Loyalty bonus
We reward you with a bonus if you stay invested for 5 years. It pays back most of your administration fees.
Guarantees
We can guarantee that your capital will be safe if you choose this benefit, or that your money grows by a certain percentage.
Investment booster
With our enhanced allocation benefit, if you invest above a certain amount, we boost your investment by adding money from our pocket.
Protection
With our contribution replacer benefit, you can insure yourself so that we invest on your behalf if you cannot make contributions due to disability or death.