Education insurance? This is an ambiguous term.
Insurance really made for education?
Insurance is: financial protection from unwanted risks, the timing is unpredictable, and it took a huge cost.
Education: need a big cost, but not the risk of unwanted and time can be known.
Because it takes a huge cost, education funding needs to be prepared. But not through insurance, but rather an investment.
Insurance and investment are two opposites.
Insurance aims to protect the money we have (from the unexpected things that can spend it).
Aiming to develop their investment money we have (for the sake of things that aspired in the future).
Many people I information to you about insurance, ask me about insurance education. They want insurance that provides some money when their children go to school (kindergarten, elementary, junior high, high school, PT). I admire the basic reason, namely that they are more concerned than the children themselves.
But there are actually more important than the preparation of children's education fund, namely the protection of life and health for parents. The rationale is this: all the parents healthy and happy and alive, children's education funds can be obtained in other ways and from anywhere as long as it seeks. But if the parents are not healthy or not survived, might be the education fund that has been prepared will be used for medical expenses parent.
In other words, the expression of affection to the child even more precisely channeled through life insurance. With life insurance, the parents think of the interests of children not only when he is healthy and happy and alive, but also if he is helpless and even if he was too fast facing the Creator.
Bottom line: protection should take precedence over investment. This is the flow of proper financial planning.
But not easy to give a sense to the parents of a "very caring child" was. Not to mention if they ask for insurance on behalf of children. Then this is another fallacy that greater levels. Each insurance education is essentially a life insurance, only cash value, whereas children do not need life insurance because he does not have a financial risk. Parents or other relatives would not be troubled finances if the child dies. Besides the death of the child is very small chance. So never mind he bought life insurance. Who need life insurance is a parent (father or mother if it works), because of the risk of death of a parent can lead to financial hardship on the family left behind.
For me, frankly question about education insurance this is a dilemma. Otherwise I grant, they might not want to take the insurance from me. But if I granted it, what I have learned to tell you that is not the best way for customers.
Of course, Allianz has an insurance product education, which is called My Education. But this kind of products endowment (endowment; insurance + savings). I do not recommend to prospective customers endowment me for two reasons: no maximum protection benefit and cash value will be eroded by inflation.
Because it takes the form of money, then the best way to prepare education is an investment fund. But most people still lay on investment. They knew only of saving. But saving money, although there is interest in the bank, is not the right way to collect money, because even though the amount of money increases, essentially impaired by inflation (and also taxes; remember, tax deposit amount of 20%). At the same time span, education costs always go up every year.
Basically, as long as parents have had the protection of life and health are inadequate, he can quietly raise funds for the education of their children without having to go through insurance. He is free to invest in what he understood. Whether it's gold (dinar), silver (dirham), mutual funds, stocks, soil, wood Jabon, livestock, or whatever ya ng can be done, important results are not lost by inflation.
From thinking that the best way to prepare the education fund is investment protection coupled (on behalf of the parent), so if anyone asks me about the education insurance, I will be offering Allisya Protection Plus or Tapro Allisya. Tapro Allisya a life insurance program with full benefits and a maximum, plus a profitable investment through shares, sukuk (Islamic bonds), and sharia deposits, with a choice of several types of investment funds. Tapro Allisya not insurance education in the traditional sense commonly understood, but this product can be used to fund education without compromising protection.
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