What is Lengo Education Plan?
As your child grows, so do their education needs - from school fees and university costs to the opportunities you want them to have. Starting early gives you more time to prepare.
Lengo Education Plan helps you turn regular contributions today into a fund for your child's future education, with flexible savings terms of up to 20 years.
Start early. Save consistently. Build towards the education you want for them.
Their education is a long-term commitment. Give it a long-term plan.
Save for up to 20 years: Choose a savings period that matches your child's education journey, with flexible terms of up to 20 years.
Protect what you put in: Stay invested until maturity, and you're guaranteed to receive at least the premiums you've paid into your plan.
Access part of your savings when you need it: Life doesn't always go according to plan. Lengo gives you access to part of your invested funds when you need financial support along the way.
Protect their future if something happens to you: Lengo includes life cover during the applicable cover period, providing additional financial protection should you pass away while building towards your child's education.
Take a break when life changes: If your circumstances change, you can benefit from an automatic premium holiday of up to six months.
Add more when you can: Have extra money you'd like to put towards their education? Make lump-sum contributions and give their education fund an additional boost.
1. Think about their education journey: Consider your child's age, the education you want for them and when you're likely to need the money.
2. Choose how long you'd like to save: Select a savings term that fits your child's education journey, with options of up to 20 years.
3. Decide how much you'd like to contribute: Choose an amount that works for you and save consistently towards your child's education fund.
4. Start your Lengo Education Plan: To get started, choose the option that works best for you: Schedule a Call to speak to an Old Mutual Financial Adviser, or Chat With Us, and we'll help you get started.
Getting started with Lengo Education is simple
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Getting your child a quality education is one of the greatest gifts you can give them.
The amount you pay as premiums are determined by your goal and affordability, subject to a minimum monthly premium of KES. 7,000.