Smart Educate Saver

Smart Educate Saver

As parents, many of us wonder what our little one is going to grow up to be. A doctor? A lawyer, perhaps? In any career, a good education goes a long way towards helping your child enjoy a smoother, more successful journey through life. With the rising cost of education, it’s never too soon to prepare for the day you send your little one to college.

Smart Educate Saver opens the door for your child to enjoy better education opportunities. An investment linked insurance plan, it grows your child’s education fund with additional investment allocations – while also providing protection against the unexpected. You can start with as little as RM100 a month, making it an affordable education plan to secure your child’s future.

Grow your child’s education fund with additional allocation to unit funds

See your child’s education fund grow with an extra investment allocation. An Additional Units Allocation of 2% will be added to your premium allocation rate for payment of premium for every 3rd policy year to boost the investment value of your policy. For investment purposes, your premium is segregated into Insurance Premium and Balancer.

The Balancer portion is allocated to unit funds at the following rates:

Policy Year Premium Allocation Rate (%)
1st and 2rd 95%
3rd 95% plus 2% Additional Units Allocation
4th and 5th 95%
6th 95% plus 2% Additional Units Allocation
Thereafter 95% plus 2% Additional Units Allocation every subsequent
3rd Policy Year until the end of Policy Term


Boost your policy’s investment value any time you wish


To better prepare against the rising cost of education, you can also opt to boost the investment value of your policy via single premium top-ups. With a minimum of RM1,000 per single premium top-up, we will direct 95% of it to unit funds to enhance your potential returns.

Plan ahead with flexible coverage terms


Depending on your child’s age, you can choose the appropriate policy term from 8 to 24 years, so that the education fund matures when it’s time for your child to go to college. At the end of your policy term, you will receive the Total Investment Value (TIV) of the plan to fund your child’s education.

Be protected against life’s uncertainties

Should death or Total and Permanent Disability (TPD) occur, the plan provides financial support with the payment of the Basic Sum Assured, along with the Total Investment Value (TIV) in accordance with the provisions of the policy.

Choose your own investment funds

Smart Educate Saver allows you to choose from a wide range of professionally managed investment funds to suit your risk appetite and investment style, as well as the flexibility to switch funds.

Lion Asia Pac Fund

Seeks to provide long-term capital appreciation through investment in the equities markets of the Asia Pacific region (except Japan)

Lion Enhanced Equity Fund

Invests primarily in equities in Malaysia, which may be volatile in the short term. It may also partially invest in Singapore and Hong Kong if and when necessary, to enhance the fund’s returns

Lion Strategic Fund

Invests in a mixture of equities, fixed income securities and money market instruments, with a moderate level of volatility


Lion Balanced Fund

Invests in a mixture of equities and fixed income securities, with a moderate level of volatility


Lion Fixed Income Fund

Invests in fixed income securities like government and corporate bonds with the balance in cash and cash equivalents, with low levels of volatility


Lion Progressive Fund

Invests in a mixture of equities and fixed income securities, with a moderate to high level of volatility


Dana Sejati / Dana Gemilang

Invest in Shariah-approved securities


Lion UK-i Fund / Lion US-i Fund / Lion AU-i Fund

Seeks to provide medium to long-term capital appreciation through investment in the equity indices of the UK, US and Australia stock markets respectively

Tax Benefit

Benefits received from Smart Educate Saver are generally non-taxable and premiums paid may qualify for tax relief. However, tax benefits are subject to the Malaysian Income Tax Act, 1967, and final decision of the Inland Revenue Board.


Frequently Asked Questions


Q : How do I start?

A : You can start investing in Smart Educate Saver with as little as RM1,200 a year or RM100 a month.

Q : Who can apply?

A : Any parent / legal guardian of a child between 30 days attained age and 17 years next birthday can apply for Smart Educate Saver.

Q : What are the minimum and maximum policy terms under this policy?

A : The minimum policy term allowable is 8 years and the maximum policy term is 24 years.

Q : What are some of the exclusions under this policy?

A : No benefit is payable under the following circumstances:

- Pre-existing condition

- Death during the first policy year as a result of suicide, while sane or insane

- Total and Permanent Disability (TPD) resulting from self-inflicted injuries, while sane or insane

Q : How do I make my payment?

A : You can pay by credit card, banker’s order, GIRO, cheque or cash. You have the flexibility to pay your premium annually, half-yearly, quarterly or even monthly (by credit card, banker’s order or GIRO).

Q : What are the current fees and charges?

A : – Insurance charges: Applicable to the sum assured, and vary according to age, sex, smoking habits, occupation and health condition.

- Monthly Policy Fee: RM6.

- Fund Management Charge: 0.50% – 1.50% per annum depending on your choice of fund.


Important Notices

Smart Educate Saver is a regular premium investment linked insurance policy. This plan is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. Premiums are payable for the whole term of the policy, or until death or Total and Permanent Disability (TPD), whichever comes first. You should satisfy yourself that this plan will best serve your needs and that the premiums payable under the policy is an amount you can afford.

A free-look period of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the Company shall refund an amount equal to the sum of:

a) total investment values of the policy based on the Net Asset Value at the next valuation date; and

b) the investment values of the units which have been cancelled to pay for insurance charges and policy fee; and

c) the amount of premiums that have not been allocated; minus the expenses incurred for medical examination, if any.

Net Asset Value is the single price at which the policy owner buys the units in a unit fund and sells the units back to the unit fund. The minimum basic premium allowable for the policy is RM1,200 a year. The premium paid is segregated into Insurance Premium and Balancer (regular premium in excess of the Insurance Premium).

In cases where the purchase involves a premium of a sizeable amount i.e. RM5,000 and more, the prospect should consider purchasing a single premium investment linked insurance policy as single premium plans offer better allocation rates for investment. However, please take note that single premium plans may not offer as much insurance protection as regular premium plans and may have less riders/supplementary benefits available.

You may stop paying the premiums and still enjoy protection as long as there is a sufficient total investment value to pay for the insurance charges, policy fee and supplementary benefit premiums, where applicable. However, there is a possibility of the policy lapsing when the required charges, including rider charges, exceed the value of the fund units available. Purchasing too many unit-deduction riders may deplete the fund units.

Buying an investment-linked insurance policy is a long term commitment. An early termination of the policy involves high costs and the withdrawal value is dependent on prevailing market value of the underlying assets of the unit fund. Therefore, the withdrawal value may be less than the total premiums paid. The policy value may rise or fall, based on the underlying performance of the funds. The performance of the funds is not guaranteed. The investment risk under the policy will be borne solely by the policy owner. Past actual performance is not a guide to future performance, which may be different.

Any amount of the premium that has not been allocated to purchase units is used to meet the payment of commissions to intermediaries and general expenses of the Company. The Company reserves the right, in circumstances it considers exceptional, to suspend issuance or redemption of units