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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
