![Education Savings Plan](https://edge.sitecorecloud.io/zurichinsurf8c0-zwpshared-prod-d824/media/project/zurich-headless/middle-east/images/savings/esp-maya.png?iar=0&w=851)
Save today for your child’s
happily ever after
Education Savings Plan
The Education Savings Plan (ESP) is purposefully designed for parents who want to secure their child's higher education. Our digital advice tool helps parents understand an appropriate target for their child's education based on the child’s age, degree type and country of education. With a carefully selected range of funds, parents can save and invest regularly to achieve their child's education payout goal.
ESP also offers a unique 'Future Premium Protection' benefit, which ensures that your child's dream of higher education remains secure, even if a parent becomes disabled or passes away during the payment term.
Let's begin building your child's bright future together.
Who is it for?
ESP may be suitable for you if:
You want to save for your child’s higher education
ESP is best suited for parents who can commit to a disciplined savings plan for at least five years, starting from USD 400 monthly, with the aim of saving a substantial college fund for their child.
You need a cost-effective education savings plan
With ESP, charges are spread over the term of the plan rather than paid upfront.
You aim for a potential high return and are willing to bear a certain level of risk
Unlike a bank account, investments carry a degree of risk and can go up and down in value. Your advisor can help you determine the level of risk you're comfortable with and help you select the right mix of funds for your plan.
For a full understanding of the products, please refer to the policy terms and conditions.
Who isn’t it for?
ESP might not be suitable for you if:
You want to start saving before your child is born
ESP can be taken for a child only after their birth. The child needs to be named on the plan to secure them as the beneficiary.
You don’t want to be tied into a structured savings plan
ESP is a disciplined, fixed payment term savings plan with limits on withdrawals during the payment term. Early withdrawals may incur penalties. It helps you stay committed to your child's future goals. If you prefer greater flexibility, alternative plans may better suit your saving preferences.
It is recommended to start saving for your child's higher education at least five years in advance.
You’re not currently a resident of the United Arab Emirates
ESP is available only to parents who are currently living in the UAE.
Your plan, made specially for your child, like this
Save monthly, quarterly, half-yearly or yearly, whatever suits you.
Protect one or both parents under the ‘Future Premium Protection’ benefit for disability and life cover.
Make additional single payments if you need to.
Get a joint plan with both parents as plan owners.
Invest your savings. Discover the Zurich Allocated Passive funds available on the Education Savings Plan.
Let’s get started
Leave your contact details and a dedicated Zurich Advisor will call you back.
![Girl with notebook smiling Secure your child's higher education](https://edge.sitecorecloud.io/zurichinsurf8c0-zwpshared-prod-d824/media/project/zurich-headless/middle-east/images/zan/man-with-glasses-smiling.png?h=540&iar=0&w=540)
You can also contact us on
ZurichAdvisoryNetwork@zurich.com
800 ZURICH
Monday to Friday, 8am to 5pm
Everyone has different goals. We want to help you save for yours.
![Zurich Savings statistics](https://edge.sitecorecloud.io/zurichinsurf8c0-zwpshared-prod-d824/media/project/zurich-headless/middle-east/images/infographics/zurich-savings-page-statistics.png?h=393&iar=0&w=1250)
Source: Based on Zurich internal data as of April 2024.