It is a life insurance product destined to finance children’s studies.
lalux Study Cover enables parents or any other person with a link to a child (e.g. godparents, grandparents) to build up long-term savings for that child, which will be made available to them in the form of quarterly payments, once they begin their studies or start work.
The minimum contract duration is ten years, and the contract must be concluded before the child’s 12th birthday.
