It provides Life Insurance Cover for the Parent paying the child’s school fees.
It provides Investment (the quantum of the investment account at the demise of a parent will determine how far a child can go on the academic ladder depending on the amount of withdrawals for the payment of school fees)
The refund of the investment value of a policy to the parent upon the sudden death of the child.
The parent may commence withdrawals for the payment of school fees after two years. But this can be negotiated.