Comprehensive solution for the substantial education future

Educare - Education Life Insurance Policy

Education Protection Plan

AIA Educare is an education policy , also known as education insurance, to provide for your child’s education and help them establish their career. It’s a common desire of most parents and we’re doing our part to help you invest in a suitable education policy.

By saving in a disciplined manner combined with the interest rate returns on your education life insurance, you can provide the financial security for your child to attend school and university. Apply now for AIA Educare education insurance and create the bright future you dream of. To know about life insurance products click here

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A. Financial security for the whole family

Educare provides the protection over the financial security for parents (the Life Assured and Policyholder) for the whole term of insurance policy.

1. The Benefits of Life Assured

Risks Lump sum payable benefits Annual financial support1
Life Assured is died by accidence2 200% Sum Assured* 10% Sum Assured
Life Assured is died naturally 100% Sum Assured* 10% Sum Assured
Life Assured is Totally and Permanently Disability 100% Sum Assured 10% Sum Assured
Life Assured is diagnosed cancer3 25% Sum Assured  

*The insurance death benefit will be increased 10% in case the Life Assured is non-smoker.

2. The Benefits of Policyholders4

If the Life Assured is died or Totally and Permanently Disability prior to the age of 65, the Company will pay the annual financial benefits equivalent to 10% of the Sum Assured and waive the premium payment for this product until the premium payment term expires.

In addition, upon the more financial obligations which may arise when you get married or having new baby, Educare will allow you to buy the rider term life insurance product with the Sum Assured up to 25% of the Sum Assured of Educare without the requirements of presenting your health and financial status5

1This benefit will be payable annually on the policy anniversary date right after the risk occur until the premium payment term expires.

2This benefit will be payable in case the Life Assured is died due to the accidence prior to the age of 65.

3This benefit will be payable in case the Life Assured is diagnosed cancer prior to the age of 65.

4This benefit is ensured in case the Policyholder is not the Life Assured.

5This benefit is applied since the third year of policy and forward but prior to the Life Assured reaches the age of 55. This benefit is available within 90 days since the day of marriage, having baby or adopting.

B. Ensure the future education for children

Upon the premium payment is fulfilled, the educational benefits of Educare will provide your children the financial resource to continuing their education path or start up with their own business, according to your dream and plan.

In addition, Educare would be the useful tool to help you easily prove your financial ability when your children applying for overseas study.

You could either receive the educational benefits in 4 year to cover university expenses or receive the lump sum amount on the Maturity date. During the term of the insurance policy, you are allowed to request to change the educational benefit payment option one time in accordance with your family plan.

The condition to change the mode of the educational benefit payment: (i) The request must be sent to the Company no later than one year prior to the premium payment term expires; and (ii) The Life Assured is not older than 70 year old on the maturity date according to the newly changed lump sum of educational benefit payment.

The Educational Benefits will be paid frequently within the last 4 years of the policy term:

Time to receive Educational Benefit Educational Benefits
% Sum Assured % Reversionary bonus % Terminal bonus
Anniversary date 4 years before Maturity date 30% 20%  
Anniversary date 3 years before Maturity date 30% 20%  
Anniversary date 2 years before Maturity date 30% 20%  
Anniversary date 1 year before Maturity date 30% 20%  
Maturity date 30% 20% 100%
Total educational benefits 150% 100% 100%

The Educational Benefits will be paid in lump sum at Maturity date:

Time to receive Educational Benefit Educational Benefits
% Sum Assured % Reversionary bonus % Terminal bonus
Maturity date 150% 100% 100%


Beneficiary of Education Benefit: means biological child or adopted child of the Life Assured, or any individual(s) who is/are nominated by the Policyholder to receive Education benefit.

Life Assured: means any individual who is currently residing in Viet Nam at time of application and is accepted by the Company to participate in this insurance policy. Life Assured could be biological parents and adopted parents of the Beneficiary of Education benefit.

Policyholder: means any organization or individual from 18 (eighteen) years or above having capability for civil acts. The Policyholder could be the husband or wife of the Life Assured.

Sum Assured: means the amount which is chosen by the Policyholder upon participating insurance and accepted by the Company. Sum Assured is the basic of insurance benefits payment.

Reversionary Bonus: is declared and accumulated every year within the policy term and premium payment term. This is non-guaranteed bonus and depend on the Company business's results.

Terminal Bonus: is additionally declared on the maturity date or on the date in which the policy expires due to the Life Assured is totally and permanently disability or died. This is non-guaranteed bonus and depend on the Company business's results.

Policy Effective Date: is the date the Policyholder completes the application and fully pays the initial Premium provided that the Life Assured and the Policyholder must be alive at time the Company accepts insurance coverage.

Maturity Date: means the date which is the end of Policy.

  • Issue age: 18 - 55 year old
  • Expiry age: 70 year old
  • Policy term: 6 - 26 years depending on the choosed educational benefit option
  • Premium payment term: will end at the same time with the policy term or 4 years in advance with the policy term depending on the payment mode of the educational benefits
  • Premium: minimum 5 million VND/year
  • Premium frequency: Yearly, Half-yearly, Quarterly, Monthly
  • Minimum premium: 50 million VND.
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Important notice

1. The insurance products are not bank deposits or obligations of, or guaranteed by Citibank, N.A., Hanoi Branch and Citibank, N.A., Ho Chi Minh City Branch ( hereinafter called “Citibank, N.A., Vietnam”) or any of its subsidiaries, group companies or affiliates. The purchase of the product is optional. The customer has full right to choose the suitable product fitting their needs and financial situation.

2. AIA Vietnam Life Insurance Company Limited (“AIA ”) is the insurance underwriter of this insurance plan and is solely responsible for all approvals, coverage and compensations of their insurance plans. All Claims under the policy will be solely decided upon by AIA.

3. This insurance product is not insured by any government agency. All insurance companies operating in Vietnam must follow the reserve fund that is required by Vietnam Ministry of Finance in order to fulfill their obligations as per their commitment to customers via insurance contract (Article 9 – Decree 46/2007/NĐCP on Regulation on financial requirement for Insurance Companies and Insurance Agencies).

4. The above information is intended for reference only. Please refer to the Policy Contract and the website for detailed Terms and Conditions.

5. There are certain conditions whereby the benefits under the plan will not be payable. These are stated as exclusions in the policy contract. You are advised to read the policy contract for the full list of exclusions.

6. The Benefit Illustrations (where applicable) presented are not actual and for illustrative purposes only. The accumulated interest rates, annual dividends and maturity dividend (where applicable) are subject to certain market factors etc. Past performance / record is not necessarily indicative of future result.

7. Buying a life insurance policy is a long term commitment. An early termination of the policy might involve high costs and the surrender value may be less than the total premium paid.

8. In order to support customer in premium payment, Citibank provides the Direct Debit Authorization (DDA) service by which insurance premium will be collected and paid to AIA in accordance with the amount and frequency requested by customer.

9. Subject the specific insurance product Terms& Conditions, if you are not happy with your policy, you have the right to cancel it within the Cooling-off Period which is 21 ( twenty one) days after the AIA insurance acceptance date on the insurance certificate and date you receive the insurance certificate. AIA will refund all premiums paid after deducting health check fee and any expenses incurred for underwriting and policy issuance process, if there is any. Should you cancel the insurance policy after the Cooling-off Period, you may loose all paid premium and just receive the account value or surrender value, depend on case by case.

10. You are advised to review your financial circumstances at least once annually in order for you to review and monitor your existing financial plans and to identify new and emerging financial needs that may arise.

11. Citibank, N.A., Vietnam is not responsible or liable for any product and service offered by AIA Vietnam. AIA Vietnam is the insurance underwriter of this insurance product and is solely responsible for all insurance and compensation related matters.

12. Tax benefits, if applicable are governed by local regulations and subject to changes in the tax laws. Citibank and its employees are not in the business of providing tax advice.

13. For more details, clarification, policy servicing, claim and cancellation enquiries, please call your bank financial consultant or contact:

Citibank branches:

  • Ha Noi: 40 Cat Linh Street, Cat Linh Ward, Dong Da District, Hanoi.
  • Ho Chi Minh City: 115 Nguyen Hue Blvd., District 1