The most crucial aspect of a good education is consistency and continuity. Education Insurance offers death coverage against unexpected risks you may experience and ensures continuity of your child’s education at all times.
Education insurance coverage amount is determined according to the student’s annual education expenses and the limits you decide. Coverage amount is calculated to cover your child’s annual education expenses and remaining education period.
Each year, coverage amount goes down in direct proportion to your child’s remaining education period. For example, if we consider that a student’s annual education expenses are TRY 10,000 and that he/she has 8 years of education remaining; the first year’s insurance coverage is calculated at TRY 80,000. On the second insurance year, insurance coverage drops down to TRY 70,000. As a result, insurance coverage drops at equal amounts each year to ensure financial insurance of the remaining education expenses.
You can enjoy the tax advantage offered in the system as your life insurance continues to provide coverage.
You can deduct the following portions of the premiums you have paid, out of your income tax basis, up to the annual figure of gross minimum wage.
For detailed information, please call our call center 444 0 336 or you can visit a Garanti Bank branch.