About Education Insurance
What is education insurance
Different education insurance with educational savings, why the premiums that you pay each month will be managed into a form of investment for both mutual funds and stocks. Therefore, life insurance can grow after a certain period of time. However, it should be understood also because the Education insurance fund is invested in a product at risk. Then you must be ready if the funds suddenly can not be disbursed or even lost. This means that your investment raport is deteriorating, so it cannot make a withdrawal.
But there is another side of educational insurance which is beneficial for its customers, namely the existence of life insurance in it. So that when the policyholders suddenly die and can not continue the payment, then there is the sum insured that will be obtained by the heir. In addition to the money of the beneficiary insurance will also get the investment proceeds from the premium deposit that has been paid by the policyholders.
What is education insurance important for children?
The answer is very important.
Because education is a foundation to have a decent life for children. Highly educated children will have the knowledge to work well, get a salary that suits your skills, benefit the environment, and have a wide view of things happening in life. While education insurance helps parents realize these objectives. It does not hurt to have education insurance.
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Benefits of insurance, namely :
Preparing tuition fees
This time of day education costs are always rising and definitely going up. So it is not surprising if the school costs, let alone private schools, arguably quite high. The education sector becomes one of the nation's inflation donors. This is where the benefits of education insurance appear. Although ironic, not a few think that insurance is expensive. Whereas education insurance prepares all tuition fees for your child.
Education insurance has thought about rising tuition fees. So parents can prepare funds without worrying. The PRULink Edu Protection of Prudential Indonesia has done so. This education insurance has calculated the impact of inflation on rising school costs.
Providing protection
The best gift for a child is a bright future. It can be cultivated through education and education insurance. With education, it is possible to choose a school and follow the tutoring support dreams. As with education insurance, children get life protection.
If the bad thing happens to you, the child can still get a decent education. He does not need to think of school fees, because insurance education will give the sum insured every month.
So insurance enforces every three years once the monthly benefit rises by 15 percent of the initial value. The initial premiums are at least Rp 500.000 per month. As long as you are financially able, it's a good idea to quickly prepare tuition fees. So children's education will be assured.
Insurance facilities
Consideration in choosing insurance is its facilities. Usually, education insurance does not stand alone. Education insurance and life insurance will be holding additional insurance (Riders). But select Riders to suit your needs.
In addition, consider the withdrawal facility. Because no little insurance has determined the disbursement time. Outside these times, funds cannot be disbursed. It's good to choose insurance that gives you the flexibility of disbursement time. Alternatively, select Education insurance with the investment facility. Because it allows you to withdraw investment funds without disrupting the monthly insurance premiums.
Every life insurance company usually also provides educational insurance products. Different companies also benefit and facilities offered. Well, because this educational insurance product is very risky, you should be more selective when selecting insurance companies that offer this product.
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Here are Tips for finding an education insurance
View the Track Record
Before choosing education Insurance you should read the full explanation of education insurance that the company has to offer. Look fine the product whether it is roughly profitable or not. Then do not forget to look at their track record, whether to be a healthy insurance company or quite problematic.
Make sure that the company is registered and verified from the Financial Services Authority. After that see how the reviews of the customers. It's easy to find it, because usually in some discussion forums that talk about this education insurance.
View payment Period
Same with life insurance that long term, education insurance also usually give a period of minimum 10 years. Well all you need to do is calculate the age of the child until later admission College. There is a delay in the year that the premium payment number should be chosen. If your children are more than one or many and want to be protected with educational insurance. Then you need to understand the proper financing scheme. Because not all children can get the same premium term, unless you have abundant funds.
No rush
Because educational insurance is not long investment products. We recommend you don't hurry before making a decision. Compare more than three insurance companies. Choose which ones you think are the healthiest and provide the amenities that suit your needs. Don't be tempted by an agent's appeal for a particular educational insurance product because you know the need for the future of children.
That's a little reviews about education insurance and Tips
Hopefully it can be useful