An insurance package called ‘Education Protection Plan (EPP or EduSure) has been initiated by the Nigerian subsidiary of Old Mutual Limited (OML) to support parents/guardians secure uninterrupted learning for their children.
Omosehin added that the policy also provides a refund of the premium, delivering 40 per cent of the premium to the policyholder should the beneficiary die before attaining the age of 25 and a cashback option to the policyholder for continuous payment over a 36-month period.