educational endowment insurance
A type of insurance policy designed to provide funds for a child's future education expenses, typically combining savings with life insurance.
I took out an educational endowment insurance policy for my child's future.
養老保険 is a broader endowment insurance that pays out at maturity or upon death, while 学資保険 specifically targets educational funding.
Compound of 学資 (がくし, 'school expenses') and 保険 (ほけん, 'insurance').