Top 5 Education Insurance For You
As with health insurance, education insurance is also important for you to prepare, especially for those who already have children. Every year, tuition fees are always on the rise, while incomes can be stopped a time due to the unwanted. In such circumstances, do not let the children's education be sacrificed.
But, there are still many parents who do not want to use this insurance. Maybe they are thinking about spending extra money for an investment education is not too important, because the government itself has subsidized education. There is also an obstacle because the premiums are rated too expensive.
In fact, the cost of education is not only about monthly dues or building costs. There are also other expenses that must be borne such as book fees, uniforms, and other costs. Therefore, it is important to have educational insurance to ensure its future until college.
In Indonesia, education insurance has two types, namely bilingual and link units. Both have a difference, although the goal is to provide future certainty. Biguna focuses more on savings and future guarantees, while the link unit also gives the customer the opportunity to invest.
1. Be bilingual
This educational insurance that will surely provide protection in the future, also included savings in it. Insurance will guarantee the cost of children's education if the parent can no longer make a living because of death, or a total defect.
The other benefit is that the child will get a saving money that can be disbursed within a certain period of time. The amount is in accordance with the agreed contract between the customer and the insurance provider. If it's an equivalent, the benefits of this one are more akin to a futures savings.
2. Unit Link
This type of insurance is a combination of insurance services as well as investments. That means the premium that parents pay each month, not only for the future of children's education, but will also be managed for investment products such as mutual funds. The benefits of investments will be shared with the school's level, for example, when going to ELEMENTARY, JUNIOR High, or HIGH school. This educational insurance is obviously advantageous for the parents who are worried about taking care of investment and insurance. With one time paying the premium per month, these two benefits can already be obtained.
Education Insurance selection is not an easy thing. Because all this relates to the future of the child. As a parent, the decision is entirely in your hands. The elections are certainly tailored to the financial capabilities and needs of the family. In Indonesia, many of the best providers provide this service. What are you?
1. Manulife Education Insurance
One of the products offered by Manulife is Manulife Education Protector. This educational insurance type link unit. That means you do not cuman to ensure the future of children only, but also invest in Manulife investment products, such as Manulife fund market money, Manulife Fund Equity, Manulife Dana Equity Syariah, and many more.
Holders of this insurance product can be through parents or children. The condition, if the parent, the minimum age is 18 years and maximum 50 years. While for children at least 30 days maximum 10 years. The Pertanggungannya is valid until the insured is 70 years old. The premium payment period is flexible can be 5 years and 10 years adjusted to the education plan and the entry age of the child.
Manulife also provides dual-type education insurance. The insurance product is ProGraduate. This Program provides benefits of cash payments as an educational fund that is paid at the age of 18-23 years and provides life protection to parents as the insured party. With a flexible premium payment method, can be yearly, semiannual, Quarterly, or monthly.
For information about Manulife insurance products, you can check the official website at www.manulife-indonesia.com
2. Education Insurance BCA
Quoted from Kompas.com, BCA has just issued an educational insurance product called Maksima Education Protection (EduPlan). This product is the result of cooperation with the Hong Kong insurance company.
Quoted from the official website, EduPlan is a bilingual insurance product that can help parents to prepare the needs of Education Fund of the heart. Premium payment can be made 3, 10, up to 15 years. The guaranteed educational benefit is 200 percent of the sum insured when the child is 18 to 21 years old.
The advantage gained in addition is the opportunity to get the annual bonus and the final bonus of the policy.
3. BRI Education Insurance
BRI's education insurance in collaboration with Sequis is ready to provide assurance of education and Life Safety Fund. Quoted from the official website Sequis, the insured person is paying a premium for 8 years and can enjoy insurance up to 18 years. If the insured is experiencing death and accident, he will earn 150 percent of the sum insured. The education fund earned 150 percent of sum insured.
4. Self-education insurance
Mandiri Sejahtera Smart is one of their flagship insurance products. Just like any other educational insurance product, premium determination and money Pertanggungannya also flexible tailored to the needs.
Excellence is the granting of a bonus loyalty of 1.5 percent by the end of the fifth year. Up to a diverse selection of investment funds according to the desired risk profile. So not Cuman keep the need for the future of children's education, but as parents can also invest.
The condition to become this customer, the insured person must be 17 years old to 59 years and the child must be aged 0 to 15 years. The official Minimum is Rp 2.5 million per year.
5. BNI Education Insurance
They have smart solutions products for their education insurance. Education funds are given gradually ranging from ELEMENTARY, JUNIOR High SCHOOL, to college. The magnitude of SD is 20 percent from sum insured, SMP 30 percent, SMA 40 percent, and college is 100 percent. The amount of money Pertanggungannya agreed between customers and BNI.
The official payment period ranges from 9 years to 17 years. Maximum to the insured person aged 65 years.