There are some of the best education insurance in Indonesia that you can try. You can look for it for children who are still in school. Educational insurance is an insurance product in which you as the policy owner are obliged to pay a premium which will later be used as a guarantee for your child’s education costs and is also useful like life insurance for your child.
Every child needs to be provided with educational insurance by their parents. This is because this insurance can guarantee future planning for children. What’s more, the increasing cost of education makes you have to register your children with educational insurance institutions.
List of the Best Education Insurance in Indonesia
In Indonesia, of course you are very easy to find. However, you must be very clever to choose which one is right for your child. Make sure to choose one that is legal and has been registered with OJK. Here are some recommendations for the best educational insurance that you can choose:
Prudential is an insurance under the auspices of PT Prudential Life Assurance (Prudential Indonesia). Prudential children’s education insurance has been established since 1995 and has 2 main services, namely Pru My Child, which is an insurance product that provides comprehensive protection from womb to adulthood and also pro link edu which is a product related to investment.
Prudential’s monthly insurance fee is affordable. Starting from Rp. 500,000 per month your baby can get protection until they are 25 years old. The period of protection starts from the party responsible for passing away with a limit of 99 years or total disability before the age of 70 years.
2. BCA Education Insurance
The next best education insurance is education insurance from one the largest bank in Indonesia namely BCA. In collaboration with a company from Hong Kong, BCA issues a relatively new education insurance called EduPlan aka Maximum Education Protection.
Even though it’s still new, this EduPlan insurance has many options that can be tailored to your needs. You can pay premiums with terms of 3 years, 10 years, up to 15 years. And the benefits of education will be guaranteed 200% of the insurance money when the child is 18 to 21 years old.
3. BNI Education Insurance
Apart from BCA bank, biggest bank another that has the best educational insurance service for children is the BNI bank. The premium costs in this insurance are very flexible and can be adjusted according to the agreement between the customer and the company. And you can set the premium payment period to want 9 to 17 years as needed.
Education funds can also be disbursed gradually. Starting from elementary school by 20%, junior high school by 30%, high school by 40%, and college or college by 100%. And the maximum insurance fund is until the insured is 65 years old.
4. Manulife Education Insurance
Next is Manulife, an insurance provider company that is also well known in Indonesia. In addition to health insurance, Manulife also provides educational insurance for the preparation and future planning of all of your children. This insurance is named Manulife Education Protector.
This Manulife educational insurance product can be held by both parents and children. For children, the minimum age is 30 years and a maximum of 10 years. Meanwhile, for parents the minimum age is 18 years and a maximum of 50 years.
You can adjust the premium payment fee from 5 years to 10 years. It depends on how your beloved baby’s education plan is. And the insurance period is valid until the insurer is 70 years old.
5. AXA Mandiri
AXA Mandiri is a new insurance company that is the result of a combination of AXA Group and Bank Mandiri. This company also offers the best education insurance to plan the future of your child’s education in order to achieve their goals.
There are two types of insurance offered, namely Mandiri Tabungan Rencana Insurance and Mandiri Sejahtera Smart Syariah Insurance. In Asuransi Mandiri Tabungan Rencana, the future of your children is not only protected for their education. But also until marriage and retirement preparation.
Meanwhile, Mandiri Sejahtera Intelligent Syariah Insurance was created to assist financial planning, especially in educational matters if you are hit by an unexpected disaster.
Those are the 5 best educational insurance for your child. In order to ensure the future of your baby, of course you need to plan his education carefully.