The child’s education was important investment for the family. Without education, impossible could hope for the better future for beloved children. The modern family now only is not interested big towards the child’s education but has prepared their educational schedule as early as possible, especially related the problem of the cost. Planning of the cost of the child’s education has usually been discussed between the husband and the wife since the first child was born. Apart from the life insurance and the other insurance that have been owned beforehand, the following priority for the family young was to buy the policy of the educational insurance for the first child.
The concept of the educational insurance was seen resembled educational savings that were held by the public’s bank. The benefit of the insurance was given was based on the level of the child’s education. The scheme of the educational fund is generally begun nominally 10% from the total money for the security (UP), and continued to improve to entered the level of education S1 that was larger his fund reached 50 % of the total money for UP. Plus, pocket money every month (or could be paid yearly) while the period went to class.
Added value of the educational insurance was located in the protection against current participants was good for participants in the insurance (parents) or the scholarship recipient (the child). When participants died in the insurance period, the heir got compensation that the size reached 10% from UP. Selain Itu, the heir was released from premium that was not yet paid, and the company will continue to give the educational fund according to schedule that was agreed to in the contract.
The trial also acted when the child died. Apart from getting compensation on the child, participants in the insurance could also shift the educational fund to the other child or immediately could be taken when not having the new scholarship recipient.
This insurance was open for anyone.The matter the value of the premium could be arranged in accordance with participants’s capacity and his payment then could be carried out in a monthly, quarterly or annual manner.
For that has had the child, increasingly fast bought the policy was increasingly good because of being influential to the number of educational funds the small. The insurance could have been begun although the child just was 0 years old.
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