AEGON Scholarship Programme
The most beautiful and challenging task for parents is to prepare their children for the future, by instilling in them moral values and knowledge that by the time the young people leave the security of their families to start their own life, they will be able to be resilient and surmount obstacles independently.
One of the most serious decisions, in which parents have a huge responsibility, is which university or college a child should attend. Due to the EU enlargement, the borders are also open to Hungarian citizens; children can attend famous universities abroad with the same opportunities as a native citizen of the chosen country.
Studying in Hungary
In the system of higher education in Hungary, the majority of students begin their studies by paying the full cost of the tuition. The amount of the tuition for a term is between 55,000 (to be a nursery-school teacher) and 850,000 HUF (to be a dentist), not including the cost of living, renting a flat, and books.
If children do not choose to study at university, sooner or later they will need a car or a flat. Parents might also be concerned with the cost of a potential, future wedding.
Cost of renting or buying a flat in Budapest and in the countryside>>
AEGON Ösztöndíj Program offers the possibility to save frequently, so the costs of reaching all of your family’s goals will not be a burden if an expected event occurs. The sooner the parents join the program, the more they accrue, since the amount of savings accumulates depending on the time period.
Who will pay the tuition fee for the children if an unexpected event occurs?
AEGON Ösztöndíj Program is a combined life insurance and a possibility for savings in one; thus if any of the insurance events, defined in the conditions of the policy, happen to the insured parents, the insurer will pay the premium instead of the parents until the maturity of the life insurance. Under these circumstances the future of the child is always in safe.
Why is this product better than a bank account?
As far as possible, our company provides favorable yields during the term. Additional advantages of this saving type are that tax rebates for life insurance can be available under the rules of the tax law. Taking into consideration the present laws of tax, the policyholder is entitled to claim tax rebates for life insurance, even in case of a joined product of life insurance and mortgage. The amount of the tax rebate is 20% of the annual premium in a calendar year and 10% of the premium increase exceeds the annual premium for the previous year. The amount of tax rebates, including other options for tax rebates, cannot exceed 100,000 HUF.
(Of course, the conditions of the life insurance policies are not the same as the conditions for a bank account. There is no possibility for the policyholder to take out the amount of the premium paid; the benefit will be paid out at the end of the term.)
The main coverage of the program is a “Life insurance with fixed maturity.”
Before making a contract, please, review the terms and conditions of the main coverage, the riders and the investment rider, and additionally the handout listing the tax law rules.