Designing Educational Fund With Education Insurance

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Designing Educational Fund With Education Insurance

Soon the new school begins, of course, you as parents who intend to send their children will not bother with the more expensive cost of education. If we do not prepare educational funds from the initial pace of the fastest and easiest thing to do is to borrow there to borrow here, or by mortgaging some of your valuables.

Then how to design appropriate educational funds so that by the time a child needs education expenses can be met, the following is how to design children's education fund.

How to design Education Fund

1. Prepare the budget as early as possible. Should not delay in preparing the children's education fund. If you just start saving when the child was 10 years old, then you should pursue a nominal amount large enough compared to when you have to prepare a budget since the child was 1 year old.

2. Adjust Total Budget Education for Every Child in different Pos. If you have more than one child, the education budget should be separated for each child to the case of every child to obtain certainty for the future of education without the cost of education left by other relatives. The options can follow Insurance Education. Why Education Insurance? Because the cost of education to protect children from the risk of death of a parent or inability of parents to earn a living due to a permanent disability or critical illness.

3. Realistic Budget Plan for Education. Education budget should be designed in accordance with the capacity and adapts to the needs that will be achieved Education Fund do not push yourself too large to put a budget which resulted in a primary requirement is not met.

4. Prioritize. If the necessities of life are many and difficult to set aside funds for the education of children, this means it's time for you to begin to set priorities, trying to learn to reduce some of the spending that is not too important but spend a lot of money, such as eating direstoran, goes abroad ,

Allocation Fund 5 .. Set aside some of your income and your spouse each month a minimum of 10% so that the target of saving or paying for insurance can best be achieved without compromising the needs of many others

6. Have the illustration to the insurance agent of the insurance company that you want to select, so you know how much insurance premium you have to pay for your child to be able to attend school with the quality you want and get all the benefits you need.

When deciding to buy the kind of insurance education for children, parents often do not consider carefully the amount of funds to be received from the insurance company to bear the cost of education in the future.

As much effort as possible so that the amount of the cost of insurance is not enough your children's education, especially in the case of a claim. Even if the amount is less, an extra try not grow up. The course aims to optimize the benefits of the best insurance you want to follow.

The following calculation method of education funding for children:
  •  First know how the current education costs in accordance with the stages of education will be skipped. If at this time your child is still a toddler, you need to find out how the current education expenses for kindergarten, elementary,  junior high schools, senior high school and colleges.
  •  Calculate, how much time remains to prepare for your child's education fund in achieving the level of education. For example, your child is 1 year old. So, you still have about three years to prepare for the cost of kindergarten; 6 years for elementary; 12 years for junior high schools; 15 years for senior high school; and 18 years for Universities.
  •  Estimate carefully how the cost of your child's future education. Assuming a 10 percent rise in the cost of education / year, it was given that the average increase in the cost of education in Indonesia is about 10% per year. Repeat this calculation for the educational level to another.
  •  Ask illustration to insurance education insurance agent you choose, so you can find out how much the insurance premium to be paid so that your children can continue their education in schools with the quality you want and obtain optimum benefits.


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