CHOOSE INSURANCE SAVINGS OR EDUCATION FOR YOUR CHILDREN?
Both products have the same characteristics. Investment that is extracted is adjusted to the schedule of school children. Also had the same protective function. So if there is risk of death to you, then the availability of funds for education is still guaranteed.
Education insurance is insurance that provides two functions (endowment insurance) is the function of protection and investment functions. He provides protection function with the risk of death over you, that is promising a certain amount of money if you are experiencing death. Usually the sum insured is adjusted with the cost of education of children who already disepakat in the policy.
This insurance also serves as an investment to manage and invest some of the premium you pay. In return, the insurer will provide the funds which amount has been agreed in the policy and the time payment is also scheduled in the policy to conform with the child’s school time.
While education is a savings bank savings products of which have characteristics similar to insurance education. With education savings, you save a certain amount of money regularly. The amount of your monthly savings target is calculated from the education fund will you take later. To ensure the availability of funds for education later, the bank works with insurance companies to ensure your deposit even if there is a risk of death.
How much savings should you set aside each month will depend on how much you need in the future. For example, to fund education of your children, do the calculation of how much money he needed and when it will be used. Then calculate approximately how much to save. Then to create a reserve fund in your savings of approximately 3 to 12 times your salary.
No need to impose that the Education Fund and Reserve Fund should be formed immediately. Set aside a reasonable course so that you reach your savings goals, without having to sacrifice your life now.
