Bonlife savings and education plans help you save a fixed amount every month, with a target growth of 8% a year (not guaranteed). The Savings Plan splits every premium into a Long-Term Bucket and a Short-Term Pocket for emergencies. The Study Plan saves for a child’s education and pays out at 21, or earlier for tertiary study. Both start from N$115 a month, have no waiting period, and missed payments never cancel the policy.
Households that want saving discipline and emergency access.
Parents and guardians saving for a child's education.
Anyone who wants their money to grow, with no waiting period.
Your savings start working from day one.
Your balance stays invested. Start paying again any time.
A target, not a guarantee.
Add extra money whenever you like.
Move up or down a plan from the next month.
The full balance is paid out if the worst happens.
The Bonlife Study Plan lets a parent or guardian save from N$115 a month for a child aged 0-18. It pays out at 21, or earlier when the child is accepted into a registered tertiary institution.
Both the Savings Plan and the Study Plan start from N$115 a month, with five plans up to N$515 a month. The premium includes a N$15 administration fee.
The plans target growth of 8% a year, which is not guaranteed. On Plan 1, the Savings Plan could grow to about N$34,603 after 15 years.
Yes. You can withdraw from the Short-Term Pocket once a year, from the first policy anniversary. Each withdrawal costs N$50.
On your child’s 21st birthday, or earlier if they are accepted into a registered tertiary institution.
Missed payments never cancel the policy. Your balance stays invested and you can start paying again at any time.
A 30% penalty on the investment balance applies if you cancel before the plan matures.
No. There is no waiting period on the savings. The optional Premium Waiver has a 12-month waiting period.