An educational scheme that belongs exclusively to the child who is the sole beneficiary of the accumulated capital.
UniMaster Plus

UniMaster Plus is an educational scheme through which parents can save up capital for their children’s education by systematically investing in the internal unit-linked funds of Universal Life.

UniMaster Plus is addressed to those interested in saving up capital through systematic investment in order to finance their children’s education.

It also provides cover for unexpected incidents such as loss of life or permanent total disability of the insured.

UniMaster Plus ensures that the scheme belongs exclusively to the child who will be the sole beneficiary of the accumulated capital of the plan at maturity.

Additionally, Unimaster Plus will stay in-force even in case of loss of life or total permanent disability of the insured, as it incorporates the Waiver of Premium benefit for both contingencies (death and disability).  

UniMaster Plus has a fixed duration between 10 and 21 years with the maximum age of the insured being 60 years old. Maximum age at maturity is 70 years old and the maximum life cover is €2.000.000.  

In the case of death of the insured person, the amount to be paid shall be equal to the difference, if any, of the sum assured and the value of units. Universal Life will continue to pay for the child’s plan until maturity of the policy.  

In the case of total disability of the insured, the plan will continue without the parent having to pay the premium until the age of 65 years or until death.


Important Information: 

In order to find out more information about how this scheme is connected with the internal unit-linked Funds of Universal Life you can visit the below links:

Scheme Key Information Document

Internal Investment Funds Informative Notes

You can add the following supplementary benefits to UniMaster Plus:

  • Term Assurance
  • Accidental Death

Find out more details about each of the above benefits.

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