Futurewise Education Insurance

Fundi

When you sign up for Futurewise Education Insurance cover, you specify a beneficiary who will receive the annual benefit and will be responsible for using it towards your child’s education costs.
The beneficiary can be the other parent or legal guardian of your child, or you can select Fundi to manage the funds on your child’s behalf.

FundiCapital (Pty) Ltd is South Africa's leading education finance and fund management specialist and provides end-to-end bursary fund administration solutions, ensuring that bursary funds are spent as intended. Fundi has been operating for more than 25 years.

We have partnered with Fundi to administer the settlement of claims in two ways: they will pay tuition fees directly to the academic institution your child is enrolled in and they will provide access to funds through a FundiCard – Fundi’s game-changing wallet that can be used at education institutions or on non-tuition education expenses at over 2570 retail outlets (think stationary, technology devices, school uniforms).

Our partnership with Fundi means that you can choose to ensure that the entire benefit is used towards your child’s life-long learning journey. Learn more about Fundi and why you can trust them to administer your child’s education funds at www.fundi.co.za

Retrenchment Benefit

Should you get retrenched, Futurewise will waive your risk premiums for up to 6 months, with no impact on your cover. This benefit is available to policyholders who are permanently employed at the time the policy starts.

Loyalty Benefit

For every 5 years you are part of the Futurewise community, we'll pay 10% of your risk premiums back into your bank account.