Education policy: Can I get my money back if I surrender before maturity?

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Consider exploring other alternative choices before surrendering your education policy. PHOTO | SHUTTERSTOCK

We all have big dreams for our children which are best achieved through a good education. The biggest barrier to these dreams has been higher tuition and school fees, and higher education needs in terms of school uniforms, stationery, and other upkeep material, compared to a time back.

Talk of private tuition costs, for instance, according to a study by Daily Nation published on April 7, 2024, Kenyans were spending billions of shillings to educate their children in private schools due to declining quality of learning in public institutions. The study also revealed that parents in urban areas were most affected by the lack of public schools and therefore turned to the not-so-cheap private institutions. Data by the Kenya National Bureau of Statistics reveals that the cost of private tuition shot by 5.7 percent in January 2024, compared to last year.

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Note: The results are not exact but very close to the actual.