This useful resource can help you to select a plan that is most appropriate for your child.
If you are not into investing or are time-challenged to manage the finances and savings for your child’s education, you can consider buying a “Structured Education Plan” offered by different insurers. Currently, there are at least 3 such plans offered with variations in features to suit different needs.
Generally, these plans are designed to provide guaranteed cash payouts at yearly intervals when the child begins tertiary education (e.g. age 19, 20 and 21 for a girl). Some plans can even payout earlier when the child starts primary school with additional insurance features packaged in such as waiving of premiums should the parent be disabled while saving for the child’s education.
This reference list provides information on the following key features for structured education plans:
1. Gender of the child
Different gender starts tertiary education at different age
2. Choice of course
Different courses has different course duration
3 Years : Language, Economics, Accountancy, Business
4 Years : Music, Engineering
3. Pay out structure
Do you want it only during the tertiary years or as early as primary or secondary education level
Once all these are answered for, you are ready to identify the structured education plan that fits your child.
To download this reference list, please fill up the form below and a download link will be sent to your email.