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Education Savings Plan

Your child’s future is the best investment.

Secure a bright future for your children and invest money wisely to facilitate their access to world-class education opportunities. Choose Boubyan’s Education Savings Plan that guarantees secure profits and flexibility to withdraw partially from the plan or break it before maturity.

Benefits

Monthly installment deducted directly from your account.
Profits calculated monthly and paid yearly.
Flexibility to break the plan before maturity and refund the full accrued saved amount along with the profits.
Flexibility to withdraw partially from the deposit.
The total savings plan target amount is covered by Boubyan Takaful insurance.

Terms & Conditions

Salary transfer to a Boubyan account
Salary starting from KD 1,000
Minimum saved target amount KD 10,000
Maximum saved target amount KD 250,000
Minimum tenure 4 years
Maximum tenure 18 years
The fixed deposit reaches maturity once the parent is 65 years old or the child turns 18 (whichever comes first).

Eligibility

Customers aged 20 to 60 years
The beneficiary child should not be older than 14 years

Required Documents

Copy of the child’s civil ID
Copy of the parent or guardian’s civil ID
Filled medical questionnaire
Printed monthly installment calculation for the Education Savings Plan

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