In addition to family education that starts within the family itself, children also need formal education to strengthen the foundation of their lives. Because education could enable the children to have access and learn about the world around them.
By receiving proper education, children can understand various concepts, ideas and knowledge that are important to develop their critical thinking and creativity.
Through education, children are also taught critical and analytical thinking skills that are essential for interpreting information, making good decisions and solving problems. This helps them become more independent and empowered individuals. Aside from the academic aspect, education also helps shape children's character and ethics.
Education is one of the most important long-term investments for our children's future. But of course, nowadays the ever-increasing cost of education can be quite a financial burden for many people, if not well-prepared.
Therefore, as an effort to anticipate and prepare for the upcoming education costs, many people choose to take out education insurance. In this article, we will discuss the definition, benefits, and tips for choosing education insurance.
Definition of Education Insurance
Education insurance is an insurance product specifically designed to provide funds or children's education costs in the future. Basically, education insurance combines the benefits of life insurance protection with savings or investment, thus providing financial protection for your children in the event of your death, while also providing funds for their education.
Benefits of Education Insurance
There are several benefits of education insurance currently offered by insurance companies, including the following:
1. Financial Guarantee
One of the benefits of education insurance, for example, if you as a parent die or experience total permanent disability, education insurance will provide financial protection to your child by providing cash benefits or payment of premiums that have been paid. So you don't need to worry about your child dropping out of school.
2. Education Savings
Education insurance also functions as a savings or investment for children's education. The funds accumulated from the premiums you pay can be used for future education costs, such as school fees, college, or further education. This will certainly bring financial peace for parents.
Moreover, some education insurance products offer a wide selection of premium payment methods and benefits, so you can adjust to your needs and financial condition.
3. Return of Premium
Premium is the amount of money that must be paid by the Policy Owner to the Insurer in connection with the Policy as stated in the Policy Summary. Some types of education insurance also offer a return of premium option, where if you or your child survives until the policy period ends, the premium paid will be returned to you. Of course, this will be an attractive investment for you and your family.
Tips for Choosing Education Insurance
Choosing education insurance is not a trivial matter, there are several things that must be considered and understood before making a choice of children's education insurance.
1. Know the Needs and Goals
Determine your child's education goals and how much funding is needed to achieve them. This will help you choose an education insurance product that suits your needs.
2. Research Products
Research and compare education insurance products from various insurance companies. Pay attention to the protection benefits, investment options, premium costs, and other terms.
3. Pay Attention to Flexibility
Choose a product that provides flexibility in premium payments and benefits, so you can adjust it to your financial changes and future needs.
4. Read the Policy Provisions
Make sure you fully understand the policy terms, including limitations and exclusions, as well as withdrawal and premium refund options. If you buy insurance from an agent, then don't hesitate to ask the agent for every detail, as well as if you buy from a bank.
5. Consult an Expert
If you find it difficult to understand or choose an education insurance product, consult an insurance agent or financial expert who can provide the right advice and guidance.
Providing good education coverage is quite beneficial, as education gives children the confidence and empowerment to pursue their dreams and ambitions. By having the right knowledge and skills, children can face challenges and overcome obstacles better.
Education Insurance Recommendation
Owning education insurance is an effective way to prepare for your child's future education expenses, while providing financial protection for your family. Because education is a fundamental human right and has a far-reaching impact on the lives of children, society, and the country as a whole.
Therefore, there are several trusted education insurance recommendations that can be used as an alternative to managing children's education costs in the future.
For example, through the Academy Cash program from Sun Life Indonesia in collaboration with BNI. As an effort to prepare the best education for our children, we must have careful financial preparation.
Sun Life Indonesia and BNI understand these need, and are proud to present an excellent program, Academy Cash. This program not only provides a solution to the need for education funds, but also provides various attractive benefits for participants.
The Academy Cash program provides education funds for education levels ranging from elementary, junior high, high school, to college. You can adjust the payment time according to the program you choose.
Academy Cash from Sun Life is useful in unwanted situations, such as death, this program provides strong financial protection. Participants will receive 100% of the Sum Assured (UP), plus 100% of the education fund in the form of stages according to the schedule.
In addition, this program uses rupiah currency, making it easier for you to do financial planning without having to worry about foreign currency fluctuations.
It is hoped that with the Academy Cash program from Sun Life Indonesia and BNI, you can prepare your children's future education more carefully. Because parents always make education a priority, the best education is also the most important investment for them.
Start proper financial planning from now on. Don't let financial constraints get in the way of your child's dreams and aspirations.
