How to ensure child's education insurance

How to ensure child's education insurance:

Planning is needed to ensure the best education for your child.

Education insurance also ensures the child's future financial support.

* Find out the organizations that insure junior education.

* Take your required paper such as photocopy of National ID card, two copies with passport size photo.

* Collect the form from the insurance company and fill it with correct information.

* Child's birth certificate and two copies of passport size photo will be required.

* For whom you will insure, the age should not be more than 15 years and the minimum age limit is one month.

* The maximum age of the guardian of the child should be 55 and the minimum age should be 21 years.

Insurance Term: You can take your child's education insurance term between 10 and 25 years. You will schedule it according to your convenience.

Amount of money: You can insure education between minimum one hundred thousand and maximum 2 million.

Insurance money has to be deposited between 1st to 15th of every month. If desired, insurance premiums can be submitted on quarterly, half-yearly and annual basis.

Advantages: Insurance companies offer special benefits on education insurance, such as in case of unforeseen accidents.

* If you cannot pay the insurance money, you will get some benefits.

In case of death: If the parent dies before the insurance is paid within the stipulated time, the future premium will be waived and it will continue till the expiry of the policy.

* If the child's guardian is completely crippled, he will not have to pay any more premium. In addition, the child will receive a scholarship at the rate of 1 percent of the sum insured per month till maturity.

* In case of death or paralysis due to an accident, some of the institutions will get a lump sum sum assured and all premiums will be waived immediately. No more premium to be paid. Apart from this you will get all the benefits.

* And if everything is normal, the insured will get the sum insured and the entire bonus on maturity.

Caution

The amount of bonus will be given in the packages that are available with the education insurance company when doing education insurance. You have to take the packages according to your convenience and ability by looking at the amount of bonus money.

* Know all the information while insuring.