KFH offers Jameati investment plan to secure children’s university education

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Kuwait City, May 22: Kuwait Finance House (KFH) continues its distinction in fulfilling customers aspirations and providing the best investment plans and solutions according to the highest international standards.

KFH designed the long-term investment plan “Jameati” to help parents prepare for their children’s bright future.

The investment plan for university education “Jameati” provides solutions that enable customers to save monthly amounts, and provide higher investment profits on savings, in addition to takaful coverage.

Among the conditions of the investment plan is that the age of the son or daughter be less than 14 years, and the age of the customer must range between 21 and 61 years. The investment period ranges from 4 years to 18 years.

The investment plan “Jameati” advantages include the following: the investment amount or monthly payments may be amended at any time and the amounts shall be automatically transferred on monthly basis from the customer account to the flexible investment plan “Jameati” account.

Also, the customer can withdraw 60% of the balance in the first year and 60% every year after the first withdrawal. The saving amount and accrued profit during the investment period shall fall due upon expiration of the investment plan. The investment plan can be cancelled at any time and the invested amount and profits accrued on the date of closing shall be refunded to the customer.

Jameati Higher Education Investment Plan has been designed for children when they reach the age of 18. The customer can determine the targeted amount for the plan. Amounts are invested and profits are deposited on an annual basis so that the customer would benefit from the invested amount and all accumulated profits when children enter university.

Long term investment plans provided by KFH encourage and inspire customers to enhance future planning and saving culture, determine family spending priorities and enhance chances of increasing family income through innovative and flexible solutions with rewarding investment returns.

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