Education Insurance Preparation
1. Create a child's education plan
Before looking at offers from insurance companies, you need to make a child education plan. This plan is very important and becomes a guide for choosing the right education insurance. Without a clear educational plan, you will be confused in choosing an insurance product.
Have you thought about how high your child's education level will be? The education plan contains the level of children's education, from primary, secondary, to advanced education. Do you know where your child will go to school ?
Education plans need to be made as detailed as possible to include the names of schools and the year of school entry in the future. This is closely related to the cost of children's education.
2. Determine the amount of funds according to the education target
Then, you need to research the current costs of education to get an estimate of the future costs of education. After pocketing several names of schools at each level of education, find out the details of the costs incurred by parents from the beginning of entering until graduating from school.
By knowing the estimated cost of education in the future, you can determine the right amount of funds according to the planned education target.
After that, you can move on to choosing the right insurance to cover your child's education. It is also recommended that before buying the product, you first consult with an insurance agent.
3. Get to know the company and compare the products
Currently there are many insurance companies that have the best insurance products for children's education. To choose a good insurance company, you need to pay attention to the company's financial strength, namely assets and liabilities and the quality of the workforce. Assets and liabilities can be seen from the balance sheet statements which are transparently submitted to the public.
One thing that seems trivial but important is knowing the track record and all information related to the insurance company whose product you are going to buy. You can dig up this information from various sources, such as the internet, print media to people who have used their services.
Then, another thing that can be used as a reference is the number of awards obtained. The more the number of awards, especially from well-known organizations or bodies, the more credible the insurance company is.
4. Choose insurance according to your budget
Before you invest income into an insurance product, you need to identify your financial condition first. You should measure how much money you can comfortably set aside and what financial risks you will face when buying the insurance product.
Start managing your finances or income so that you can fulfill your child's education plans in the future. Measure your financial ability and choose a premium that suits your financial condition
5. Choose flexible products
An insurance program is not like saving money in a bank, which you can withdraw at any time according to your needs and desires. Education insurance is a type of long-term insurance that can be taken after the child reaches a certain age and is ready to enter school to a higher level.
For that, you should choose a policy that is flexible and profitable, which can be claimed at any time to meet the educational needs of children. Make sure you do the calculations accurately so that there is no shortage of tuition fees after making a claim.
Learn all the information you get both from insurance agents and from other customers who have participated in the education insurance program. Reopen education plans as well as the estimated cost of children's education in the future. Adjust the education plan with the education insurance program offered.
There are many insurance companies that offer the best products with various advantages behind them. For that, choose a flexible education insurance product. The point is that it can provide convenience in taking funds, and the premium price per month is cheap.
6. Check the additional benefits of insurance products offered
Who doesn't want an extra 'bonus' for everything ? Surely everyone wants it, right ? In terms of searching for children's education insurance products, it's a good idea to also check the additional facilities or advantages offered by each insurance company.
For example, does the product also provide life or health protection, and so on ?
Although there are additional facilities offered, make sure that your top priority is a children's education. These additional facilities should not cut the investment in children's education too much so that the children's school fees in the future are guaranteed.
Tips for Buying Insurance for Children
Estimate
Before buying an educational insurance product, it is better for you to estimate and calculate the funds you have. Do a careful calculation about your ability to pay premiums and wisely project the amount of funds you need for your child's education. It is also recommended that before buying this product, you first consult with an insurance agent.
Comparison
Currently there are many insurance companies that have the best insurance products for children's education. These companies also provide services and other 'bonuses' according to their policies in order to attract potential policyholders.
One thing that seems trivial but important is knowing the track record and all information related to the insurance company whose product you are going to buy.
You can dig up this information from various sources, such as the internet, print media to people who have used their services. Another thing that can be used as a reference is the number of awards obtained. The more the number of awards, especially from well-known organizations or bodies, the more credible the insurance company is.
Profitable Products
There are many insurance companies that offer the best products with various advantages behind them. For that, choose educational insurance products that are flexible, in the sense of providing convenience in taking funds, as well as low monthly premium prices.
Other Additional Benefits
Who doesn't want an extra 'bonus' for everything? Surely everyone wants it, right ? In terms of searching for children's education insurance products, it's a good idea to also check the additional facilities or advantages offered by each insurance company. For example, does the product also provide life or health protection, and so on? that's the preparation you have to do before choosing insurance for education.
Post a Comment