Hello all,
I have been thinking of investing in an education policy for my two year old boy, at least for his college education. However most of the products I have seen in the market do not come with a good rate of return given that my policy will run for 16 years. For example one by Britam would yield approximately Ksh. 380,000 beyond the total premiums I would have paid in the 16 year period, a rate that I feel is quite dismal considering inflation.
So, I just need to know if there is a particular education policy that gives substantial return.

Regards.

An education policy can be translated as - discipline + life insurance (if you die). Poor investment if you ask me.

So I'd say put the money monthly by standing order (exercise discipline)
into a market equity fund of your choice (e.g. Stanlib)
then buy a small life insurance package (if you don't have one)

Your children should appreciate their parents wisdom in time

If you think of investing do not take education policy, Education policy is an insurance and not an investment.

Insurance is supposed to take you oryour dependents where you/they were before incase of any eventuality not make you/them wealthier

Don't! Especially not from Britam. You've been warned! These investment and education policies are all a sham that make money for your agent and the insurance company. 16 years! Buy some shares instead.

what if you die one month after buying shares worth 200k?