How to Choose the Best Education Insurance ~ Insurance Academy

When you and your partner are preparing to start your home life, then you must be thinking about child development and education. You’ll work hard, save, and make sure your little one’s needs are met. In this modern age, young families are starting to think about the importance of long-term investment and education insurance. The two are different, but equally important.

Long-term investment guarantees you with a promising return on investment value, with the risk involved. Education insurance is no less important. Not only does it promise to return the value of ‘investment’, education insurance provides assurance that children’s education is guaranteed, even if the breadwinner experiences an unwanted event, either dies, or is disabled so that he cannot return to work.

There are various types of educational insurance. But this time, Akademi Asuransi will provide tips on how to choose the best education insurance for your child.

Do Research on Insurance Products

Educational insurance is offered by life insurance companies. They offer a variety of products with different advantages and benefits. Some highlight the value of development (investment) and premium returns in certain years; there are those who highlight the amount of the insurance benefit for the child if the parent dies; some highlight the benefits and ease of doing top-ups and claims. You should do research on these products and the premiums charged. The best benefits with the lowest premiums are the products you should choose.

Customize with Ability

Of course you want the maximum benefit for your child’s education. However, the greater the investment value and insurance benefits you want to take, the greater the premium. If you have a lot of money, then you can buy educational insurance products that provide the greatest personal accident benefits. However, if you have a less stable financial condition, then you can choose education insurance that emphasizes the amount of return on investment. Insurance here is a means to save for the future of your baby. So adjust to your abilities.

Buy Insurance Products As Needed

Before deciding, you should identify what insurance suits your needs. If the insurance needed is insurance that provides life protection as well as an investment platform, you should choose a unit-linked life insurance product instead of dual-purpose life insurance. This is because the coverage benefits provided by dual-purpose life insurance do not provide investment benefits and vice versa.

Before actually signing a Life Insurance Request Letter (SPAJ) from a marketing or insurance agent, it’s good to consider these three things.

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