Education insurance is an insurance product that provides financial protection children’s education
Education insurance is an insurance product that provides financial protection for children’s education costs. Education insurance usually offers two main benefits, namely:
Protection benefits
which provides financial protection to children if their parents die or become totally disabled. This benefit can be used to cover children’s education costs, such as school fees, book fees, transportation costs, and other costs.
Investment benefits
which provides the potential for growth in investment value. This benefit can be used to cover children’s future education costs, which are expected to increase with inflation.
Education insurance can be the right choice for parents who want to ensure that their child can continue their education, even if undesirable risks occur. However, it is important to choose an education insurance product that suits your needs and financial capabilities.
Here are several things you need to pay attention to when choosing education insurance:
Consider
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