Education Fund Plan Calculator
Work out how much to save for your child's school and university fees in Kenya. Education fund plans with life cover built in, sized to beat 8–10% annual fee inflation.
An education fund plan in Kenya lets you build a guaranteed fund for school or university fees, with life cover built in so the plan continues even if the paying parent dies. Because school fees rise faster than ordinary inflation, commonly 8–10% a year, the earlier you start, the less you pay each month. Tell us your child's age and fee target on WhatsApp and we calculate the exact monthly contribution and compare plans.
- Build an education fund with a monthly contribution sized to your child's age and fee target
- Life cover built in: the plan continues if the paying parent dies
- School fees in Kenya rise ~8–10% a year. Start early to pay less monthly
- Guaranteed maturity payout timed to Form 1, Form 4, or university entry
- We calculate your monthly contribution on WhatsApp. Send the child's age & target
Reviewed by Lawrence, Broking Manager, Vike Insurance
School fees are one of the largest and most predictable expenses a Kenyan family faces, and they rise faster than almost anything else, commonly 8–10% a year. An education fund plan turns that future bill into an affordable monthly contribution today, with one crucial difference from an ordinary savings account: life cover is built in, so if the paying parent dies, the plan does not collapse. Premiums are waived and the fund still matures in full for the child.
Use this page to size the plan. The monthly figure depends on three things: how far away the fees are (a newborn has 18 years to save; a Class 6 pupil has far less), the target (boarding secondary, public university, or a private institution), and the growth rate. The earlier you start, the smaller the monthly contribution needed for the same target, because there is longer for bonuses to compound. Actual contributions and projected maturity values depend on the insurer, the plan, and prevailing bonus rates. Send us the child's age and your fee target on WhatsApp and we will calculate the exact monthly contribution and compare plans.
What It Covers
A guaranteed maturity payout timed to a chosen milestone (Form 1, Form 4, or university entry)
Premium waiver if the paying parent dies or is permanently disabled. The plan continues and still matures
Annual reversionary bonuses added to the fund (with-profits plans)
Life cover on the contributing parent for the full savings term
Optional anticipated (staged) payouts matched to each school stage
Surrender or paid-up value after a minimum period (typically 2–3 years)
Who It's For
Parents of newborns and young children with the longest runway to save
Parents of older children wanting a disciplined, ring-fenced top-up before fees hit
Grandparents funding a grandchild's education
Self-employed parents with no payroll savings discipline
Anyone who wants the fund protected if the breadwinner dies before fees are due
Types We Cover
Each profile is rated and underwritten differently. Talk to us so we can match your specific situation.
From birth (18-year horizon)
The cheapest route: the longest compounding runway, so the smallest monthly contribution for a given fee target. Best for a full-university target.
From primary school (≈10-year horizon)
A common starting point. A shorter horizon means a higher monthly contribution for the same target, typically two to three times the from-birth figure for the same fund.
Anticipated / staged plan
Pays out in tranches matched to Form 1, Form 4, and university entry, so cash arrives exactly when each fee is due rather than as one lump sum.
Lump-sum + monthly top-up
Seed the plan with a single premium (e.g. from a bonus) and add a smaller monthly top-up. Useful where you have some capital now but want disciplined ongoing saving.
Real-World Scenarios
Saving from birth for university
Parents start saving at the child's birth, giving the plan a full 18-year runway before university. With bonuses, a with-profits plan is designed to grow the fund toward the target by the time the child enters university. If a parent dies partway through, premiums stop but the full projected maturity value is still paid. That is the difference between a plan and a savings account.
Starting late for a Class 5 pupil
A parent of a 10-year-old has roughly 8 years to a university target. To reach a similar fund, the monthly contribution is materially higher than the from-birth figure. The calculator shows the trade-off so the family can pick a realistic target and contribution they can sustain.
Matching payouts to school stages
An anticipated plan releases a tranche at Form 1, another at Form 4, and the balance at university entry. Cash flow lines up with the actual peak fee periods, so the family is not forced to find lump sums from current income at each transition.
Optional Benefits & Add-ons
Disability premium waiver on the contributing parent
Critical illness rider on the parent
Family income benefit on death of the parent
Single-premium top-up contributions
Joint-life cover (both parents)
Beneficiary substitution flexibility
Availability varies by underwriter. Our advisors will confirm what is available on your chosen policy.
Frequently Asked Questions
How much should I save per month for my child's education in Kenya?
How fast do school fees rise in Kenya?
What is an education fund plan and how is it different from a savings account?
What happens to the plan if I die before my child finishes school?
Can I start an education plan if my child is already in school?
Is the education fund maturity payout taxable in Kenya?
Will the plan definitely cover all my child's university fees?
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