Bula Scholar

Bula Scholar is designed to sustain periods of education,job search and higher education.Select a cover of your choice for either 15 years, 20 years or 25 years and pay premiums for 10 years only.

Even if you're not a student, Bula Scholar can also be the perfect savings plan for you.

Maturity Benefits:

  • Pays out 20% of sum insured every year in the last 5 years and
  • Pays out your bonus with your last payment at the end of the cover period or upon death.
  • Benefits are payable on the policy anniversary date

Death Benefit

Pays out full sum insured plus bonuses less debt on the death of the life insured.

Attachable Benefits

Increase the value of your life cover at minimal premium levels. Select one or more of the following attachable benefits.

  • Accidental Death

This benefit provides an additional sum insured to your Bula Scholar plan and it is paid out if the life insured dies in an accident.

  • Waiver Premium for Disability

Future premiums will be waived on total and permanent disablity of the waiver life.

  • Waiver of Premium for Death or Disability

Future premiums payable on the Bula Scholar will be waived on the waiver life's death or total and permanent disablity

  • Critical Illness

Provides for the advance payment in the event that the life insured is diagnosed to be suffering from a defined Critical Illness.

Additional Benefits

More benefits provided by your Bula Scholar policy:

  • Cash Value

Bula Scholar accumulates a 'Cash Value' once your policy is in force for 2 years and 2 years premiums are fully paid. There are options to utilise this cash value if your needs change overtime.

  • Loan Value

You may take a loan on your policy at an interest rate applicable at that time once your policy is in force for 2 years and 2 years premiums are fully paid and the loan value is $200 or more.

How to apply

Click here to download the Life Insurance Application form or call 132 700 to contact your BSP Life Agent. Alternatively, you can also click here to contact or visit your nearest BSP Life Sales Office.

Download Bula Scholar Brochure

NOTE: Information in this web page is not legally binding. All details however are outlined in the Insurance Policy Document.

*Terms and conditions apply