Child education insurance must be prepared early. Here are the things why you have to prepare from now on and tips for choosing it.
One of the quotes from Nelson Mandela related to education, namely ‘education is the most powerful weapon that can be used to change the world’. That’s why all parents must be willing to pay a large amount of money to provide a good education for their children.
However, if the education fund is not prepared properly and as early as possible, the children’s hopes of getting higher education will not be realized. One form of preparing children’s education is by joining education insurance to pay for school funds until they finish their education.
4 Reasons Why You Should Start Child Education Insurance As Soon As Possible
1. Help manage family finances better. You and your partner make it easier to save and save. In addition, it could be more financially responsible.
2. Give a feeling of security for you and your partner. If unexpected things happen, there is no need to be confused about how to pay for your child’s schooling.
3. Parents do not have to bother looking for additional funds when the child’s school time has arrived because it is paid by the education insurance.
4. Making a child’s education plan and having education insurance, this is a sign that you and your partner have helped plan the child’s education because it is in accordance with the needs and desires of you and your partner as parents.
Tips for Choosing Education Insurance
Estimate the Funds Required
Try to estimate how much it will cost for a child from kindergarten to college. Look for information on the range of funds each year so that you and your partner can estimate the costs required.
Check Financial Condition
Tips for choosing child education insurance must then adjust to your finances. Make a calculation of how much money you can allocate for child education insurance. Don’t forget to also calculate other needs. If so, choose an insurance product with a premium that suits your financial ability.
Pay attention to detailed information regarding payment schemes, time periods, disbursement of funds and submitting claims
Read in detail regarding payment scheme information such as fines for late paying premiums, premium amounts, and others. Pay attention to the insurance period with the needs, taking into account the age of the child and the school period. Don’t forget to also pay attention to the procedures for raising funds and submitting educational insurance claims.