What is KCT?
KCT stands for Kids Capital Trust. It is one of the services offered by Capital Portfolio and Investment Systems (CAPIS) Ltd. It is a service that provides parents/guardians a unique and seamless opportunity to lay a strong financial foundation for their children/wards.
Who is eligible for KCT?
KCT is for children from ages 0 to 7. Any child who is yet to clock 8 years old is qualified to enroll for the service.
What is the tenor of the service?
The minimum tenor for KCT is 14 years while maximum tenure is 21 years. The minimum tenure is for a child that enrolls at age 7 while the maximum tenure is for a child that enrolls at age 0.
How much will the enrollee get at the maturity of the tenor?
The final value of the KCT at maturity differs depending on the class that was subscribed to. In either case, the beneficiary is guaranteed a multi-million naira fund at maturity. For an accurate final value amount see our Growth Rate and Final Value Calculator.
Is there any other money to be paid after the initial enrolment cost?
The service does not come with any additional financial burden after the initial enrollment fee is paid.
Will the child actually get the money at the maturity of the trust?
Our word is our bond. Every child enrolled for this service is guaranteed a multi-million naira fund at the maturity of the KCT.
Are there hidden policies?
The terms and conditions for this service captures all you need to know about the service. There is no other policy or condition aside that which is contained in the KCT Terms and Conditions of service.
Is there any other benefit that comes with the service?
The service comes with a free health insurance plan for the beneficiary of the service applicable when the KCT has subsisted for fifty percent of its tenor. The child also stand to enjoy financial/investment advice at the maturity of the KCT if she so desire. The child can also have access to additional seed capital from CAPIS if she decides to invest her funds in a business venture that require more than the final value of her KCT. The additional seed capital will however be repayable after 3 years.
In the event of the death of the child, what happens to the fund?
In the unfortunate event of the child's death, the parent/guardian will receive the full value of the KCT at its maturity. The KCT is not transferable to another child.
How will the child access the fund if the Guardian is no more?
The fund is for the child and not for his/her parent or guardian. The child is expected to take over control of their KCT account once she turns 18. At 18, the child will be requested to upload her current picture and update any other relevant information apart from her Date of Birth. On her 21st birthday, CAPIS will send the child a birthday greeting and invite the child to come for the fund.
Can the child still access the fund at maturity if he/she is out of the country?
The child will access the fund at maturity but there will be need for a physical verification of the beneficiary's identity to avoid any foul play.
Will the fund be paid in full or by instalments at the maturity of the tenor?
The value of the KCT will be paid in full at the maturity of the KCT.
How can I determine the final value of the fund before enrolling my child?
You can use our Growth Rate and Final Value Calculator to determine your child or ward's final value. The calculator can be found on our website.