Education Insurance

This is an insurance product that can be used as a way to save money that you will spend on your children’s education, when they will take a education in college. And these products are generally used to help offset the cost of education incurred when they studied in college. Insurance education for your child is a product Education Insurance Plan which will ensure the education and their lives during their period of education, while the insurance policy is owned by you as their parents.

Policy should you purchasebefore you buy this insurance policy, you should make sure that the agent you choose has to get the information, data and evaluation of the facts relating to the object that you will be insured. Thus they will give recommendation in accordance with the needs and financial abilities you have.

Check whether the policy qualifies intensive taxOne of the benefits of using this insurance product is a guarantee for your children’s education and tax advantages, because the use of tax-free insurance that you can get an annual tax relief costs. Therefore, general insurance companies that offer these policies provide several requirements that must be fulfilled so that the applicant get a tax break. Among them:

1. Requests for Insurance Education Plan submitted by the legal parent legally.
2. Objects in the proposed insurance, in this case is your children, must qualify at a predetermined age, that is between the ages of 13 years to a maximum of 25 years.