Tips on Choosing Insurance Education

Many things must be considered by every parent , before deciding to opt for education insurance son daughter , ranging from the credibility of the insurance company that will be addressed , understood correctly what the education insurance , costs to be incurred , up to the insurance effectiveness for the future of children - your child . Well , regarding that, it would not hurt to listen to short tips in choosing insurance education .
Tips on Choosing the right Insurance Education :
Think for a set amount of funds for education and when the time will be required or used . Because it obviously will determine the effectiveness of insurance or a policy that you hold , and the period of the policy.
Do not forget to consider how much money you can set aside for the education of children you care . Make sure also that the insurance premiums affordable according to your ability . Make sure the insurance premium is the money you can put aside on a regular basis from year to year , since this is a long term process . Because of this , you obviously have to be realistic in assessing your own abilities based on income and your expenses at this time . Just imagine if you did not think about it and you start a premium that exceeds your ability , rather than profit , but you may end up having to stop in the middle of the road policy and details will suffer losses in the financial field . So, it is best to start with small amounts . Because the dasarnmya you can increase your sum assured and premiums later when your skills have improved . Or as easy rules , your premium should not exceed 10 % of your income .
Choose a policy that can give you flexibility , and allows you to gradually be able to increase savings in the future . If you have children in school education plans abroad , you should be able to choose policy in nominal dollars or perhaps the euro , or at least with a policy that can change its currency . So although you will start with the rupiah , you can still change it into dollars or euros if you change the orientation of the child study abroad .
Do not add unnecessary coverage . Many insurance policies also offer educational supplemental insurance such as hospital care and includes surgery , or perhaps critical illness . However , still be careful in adding other insurance coverage because it can affect the amount of your savings .