Kids insurance -education plans

[Charmaine_chong]

Hi,


You may consider Tokio Marine or NTUC.

I heard from my independent agent that NTUC offers the highest guarantee sum . Tokio used to be the best but had stopped.

[daddy2007]

Charmaine_chong:

Hi,


You may consider Tokio Marine or NTUC.

I heard from my independent agent that NTUC offers the highest guarantee sum . Tokio used to be the best but had stopped.

ya... TM Asia Life (now known as Tokio Marine) used to have this TM Legacy plan that offers the highest guarantee sum. But unfortunately this product has cased. Think it is tough to consistently meet that guaranteed sum

[kaitlynangelica]

daddy2007:

Charmaine_chong:

Hi,


You may consider Tokio Marine or NTUC.

I heard from my independent agent that NTUC offers the highest guarantee sum . Tokio used to be the best but had stopped.

ya... TM Asia Life (now known as Tokio Marine) used to have this TM Legacy plan that offers the highest guarantee sum. But unfortunately this product has cased. Think it is tough to consistently meet that guaranteed sum

Hi,

my child (gal ) is 8 this year. When she was about 6, I bought this plan from NTUC called \"Pay My Uni\". I think monthly premiums is about $157 a month. By the time she is 19, should get about $30K.

[daddy2007]

kaitlynangelica:

my child (gal ) is 8 this year. When she was about 6, I bought this plan from NTUC called \"Pay My Uni\". I think monthly premiums is about $157 a month. By the time she is 19, should get about $30K.

The $30k is the guaranteed sum or inclusive of non-guaranteed sum?

[Alexis27]

daddy2007:

kaitlynangelica:

my child (gal ) is 8 this year. When she was about 6, I bought this plan from NTUC called \"Pay My Uni\". I think monthly premiums is about $157 a month. By the time she is 19, should get about $30K.

The $30k is the guaranteed sum or inclusive of non-guaranteed sum?

Shud be inclusive of non-guranteed also.

Try to explore into Single Premium endowment, the returns is approx 100% over 20 years. I will be consider this for my ger~! :lol:

[daddy2007]

Alexis27:

daddy2007:

[quote=\"kaitlynangelica\"]
my child (gal ) is 8 this year. When she was about 6, I bought this plan from NTUC called \"Pay My Uni\". I think monthly premiums is about $157 a month. By the time she is 19, should get about $30K.

The $30k is the guaranteed sum or inclusive of non-guaranteed sum?

Shud be inclusive of non-guranteed also.[/quote]Then not worth it. The risk is there considering this is an endownment plan

[Angelight]

daddy2007:

kaitlynangelica:

my child (gal ) is 8 this year. When she was about 6, I bought this plan from NTUC called \"Pay My Uni\". I think monthly premiums is about $157 a month. By the time she is 19, should get about $30K.

The $30k is the guaranteed sum or inclusive of non-guaranteed sum?

I think $30K is not sufficient to fund 4 yrs of university if you factor in inflation. Right now, NUS is charging $7K in annual tuition fees for most courses. 4 yrs = $28K.
However in 11 yrs time, annual tuition fees won't be $7K, it will likely be $10K-11K.

[starlight1968sg]

Angelight:

I think $30K is not sufficient to fund 4 yrs of university if you factor in inflation. Right now, NUS is charging $7K in annual tuition fees for most courses. 4 yrs = $28K.

However in 11 yrs time, annual tuition fees won't be $7K, it will likely be $10K-11K.

I would think 10k per year for a local U is more realistic for our kids.
One has to take into a/c of transport, living expenses, inflation etc.

[pupilview]

starlight1968sg:

Angelight:

I think $30K is not sufficient to fund 4 yrs of university if you factor in inflation. Right now, NUS is charging $7K in annual tuition fees for most courses. 4 yrs = $28K.

However in 11 yrs time, annual tuition fees won't be $7K, it will likely be $10K-11K.

I would think 10k per year for a local U is more realistic for our kids.
One has to take into a/c of transport, living expenses, inflation etc.

I got Manulife scholar for my girl.It woudn't cover the fees for all the years at a local university but at atleast some part of it.

[micollh]

i bought Pay my Uni for my two kids too when they were born(kiasu mah)… the sum is guaranteed. but 30k is not enough, after factor in the inflation. even for local U u need more. the premium is just as assistance for their tertiary education, if they decide to go overseas. the 30k may just cover 1 year fees.