According to StatsSa, a sad amount of young South Africans (more than 51%) do not have the financial means to pay for their university education.*
That’s why OneSpark, a new tech-based insurer that’s completely disrupting the life insurance industry, has created a world-first education protection product that covers if you if pass away, suffer a disability or cancer, while paying a R250,000 cashback if you don’t claim to help pay for your children’s university education. All for a premium that starts from only R90 a month.**
OneSpark was founded by Josh Kaplan and Greg Smith, proud South African entrepreneurs who believe that life is about searching for new ways to uplift people and society at large. Their story began many years ago where Greg and Josh met as colleagues. As Actuaries, they landed up working together, helping to lead the Research and Development at a global insurance giant where they created some of the world’s most innovative and award-winning insurance, banking and social impact products, including one of Africa’s first and largest Social impact Bonds aimed at assisting government in solving the higher education crisis.
In line with their history of disruptive innovation, OneSpark set out to solve the challenge of enabling every South African family to send their children to university. That’s where their world-first University wallet Plan comes in. Your children’s education is protected if something happens to you, and if you don’t claim you get a R250,000 cashback to help pay for their university in 18 years.
As a parent we always want the best for our children’s future but sometimes life gets in the way. With rising costs and growing uncertainty, it is difficult to both protect your child’s education and put money away to help with their future education. By taking out a OneSpark University Wallet Plan, you are both protecting your children’s education if something happens to you, and if not, you have the certainty of knowing that you will get R250,000 to help pay for their university so that they can become the doctor, lawyer or engineer that they’ve always dreamt of being. It’s a win, win!
If OneSpark gets to protect the education of 1 million South African children, that’s over R250 billion that OneSpark will be giving back to help shape the future leaders of South Africa, for the betterment of all.
OneSpark Insurance policies are affordable, simple, quick and easy.
Visit www.onespark.co.za or call 0861777271 to get a quote in seconds. Help your child achieve their dreams #OneSparkInsurance #UniversityWalletPlan
OneSpark is an authorised financial services provider, FSP 50594. Underwritten by Guardrisk Life Limited. T’s and C’s apply.