Kids insurance -education plans

[eurostar]

private hospitalisation plan is a MUST

next is term insurance
limited premium also can sondier if u have spare cash…treat it as a gift to ur kids…i bought 1 for my boy ,think pay 15 yr cover for rest of his life
endownment …have reservation…really pathetic as compare to 20 yrs back…agent always show us the projected column…but of cos can treat it as "force-saving"

[micollh]

eurostar:

private hospitalisation plan is a MUST

next is term insurance
limited premium also can sondier if u have spare cash...treat it as a gift to ur kids...i bought 1 for my boy ,think pay 15 yr cover for rest of his life
endownment ...have reservation...really pathetic as compare to 20 yrs back....agent always show us the projected column.......but of cos can treat it as \"force-saving\"

yes ntuc income has this type. last time call limited living , now is revosave. agree, it's like saving for our kids.

[eurostar]

micollh:

yes ntuc income has this type. last time call limited living , now is revosave. agree, it's like saving for our kids.

I guess just a name ..end of day is all insurer \"playing wif figures\"
actually NTUC LUV insurance is bang for bucks but max can buy 200k only ...but this is group insurance + u need to be a ntuc member

[micollh]

dunno abt NTUC LUV… let me check out. hee

[eurostar]

micollh:

dunno abt NTUC LUV.. let me check out. hee

can check over http://www.income.com.sg/insurance/luv/index.asp

[kiasubox]

Would like to get some info here.

How much premium (monthly, yearly, quarterly?) do you pay for your child’s education insurance?
From which insurance agency?
What is the coverage?
How long is the tenure?

I’m looking into buying the insurance for my kids, hope to hear some advice from forumers here.

[tankee]

Mod's Note


hi kiasubox

I have merged your thread here. You may be able to find the information you seek in this thread.

[micollh]

kiasubox:

Would like to get some info here.

How much premium (monthly, yearly, quarterly?) do you pay for your child's education insurance?
From which insurance agency?
What is the coverage?
How long is the tenure?

I'm looking into buying the insurance for my kids, hope to hear some advice from forumers here.

paying yearly is better as it'll be cheaper.. im paying 4k plus for each kid each year, it's term policy, i choose for 15 years payment.. boys will be longer as they need to fo NS.

i bought from ntuc income. it's pay your uni & resosave . this is just for their education. but it'll help us when they need for education, if DH and myself are still able to pay when times come, they can take the money out for their savings..

[financial_guru]

kiasubox:

Would like to get some info here.

How much premium (monthly, yearly, quarterly?) do you pay for your child's education insurance?
From which insurance agency?
What is the coverage?
How long is the tenure?

I'm looking into buying the insurance for my kids, hope to hear some advice from forumers here.

Hi kiasubox, amt of premium depends on how much is the sum assured of the education plan, and how many years premium you choose to pay.

NTUC has pay my uni, tokio marine has TM education.
The policy will be in force until your child reaches university age (20+). If anything happens to payee (parent who is paying) like death, premiums will be waived.

[elderflowertea]

I think that it’s important to buy H&S plans for your child. That’s the most important one. For life policy, I feel that the parents should insure themselves so that in case anything happen to them, their child will have some financial support. Especially so for the breadwinners.


If u have extra money and u don’t invest them, then it’s better to get an endowment plan for your child. Although the interest is low, at least it is higher than when u just place it in the bank.