You can request an increase or decrease in your plan option at any time. Changes take effect from the following month.
The Bonlife Study Plan is a dedicated education savings solution for children aged 0 to 18. Designed to mature on your child’s 21st birthday, this plan turns consistent monthly contributions into real education capital — invested for maximum growth, and protected so nothing stands between your child and their future.
Parents and guardians who want to invest in their child's education from day one.
Families looking for a structured, long-term savings plan with built-in protection against life's uncertainties.
Anyone who wants to give a child - from birth to age 18, the best possible head start in life.
Your premiums are invested in the Bank Windhoek Equity Fund, specifically managed to grow education capital at a target rate of 8% over time.
The policy is designed to pay out when your child is ready to take on the world — right at the start of their adult life.
Make additional deposits into the Long-Term Bucket at any time to boost the final payout.
If your child is accepted into a registered tertiary institution before age 21, you can claim the funds early to cover those first-year costs. Proof of acceptance required.
For a small extra fee, Bonlife covers all remaining premiums if the parent passes away or becomes disabled — so the education fund is always fully met.
If the policyholder or child passes away, the full Long-Term Bucket balance is paid to the beneficiary. Total permanent disability makes the investment value immediately payable.
The policy matures on the child’s 21st birthday.
If the child provides proof of acceptance into a registered and approved tertiary institution, funds can be claimed before age 21.
A flat N$ 10 per month administration fee is included in your total premium.
If you cancel the policy before the maturity date, a 30% penalty applies to the investment balance.
If you miss a payment, the Study Plan remains active with your existing balance still invested. You can resume contributions at any time. Note: if you have the Optional Premium Waiver and fall more than 3 months behind, that benefit will lapse — your savings remain safe.
You can request an increase or decrease in your plan option at any time. Changes take effect from the following month.
18 – 65 years old (parent or guardian)
0 – 18 years old at entry
Every cent in your Long-Term Bucket is invested with one goal in mind: funding your child's tertiary education when the time comes.
No need to wait until age 21 — if your child is accepted into a tertiary institution earlier, the funds can be released immediately.
Built-in Death and Disablement Benefits mean your child's future is protected even if something happens to you.
Start from as little as N$ 110 per month and adjust your plan option at any time as your budget changes.
The policy officially matures on the child’s 21st birthday. However, if your child is accepted into a registered and approved tertiary institution before age 21, the funds can be claimed early to pay for education costs. Proof of acceptance is required.
The Study Plan will remain active with whatever balance you have already saved, even if you miss payments. You can resume contributions at any time. If you have the Optional Premium Waiver and miss more than 3 months of payments, that specific benefit will lapse — but your savings will stay safe.
Yes. This plan is designed for long-term commitment to ensure your child has enough for university. If you surrender the policy before the maturity date, a penalty fee of 30% of the investment balance will be charged.
Absolutely. You can request to increase or decrease your plan option at any time as your financial situation changes. Any changes requested will take effect from the following month.
