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However, bonus payments vary from plan to plan so do your research. Most education insurance policies allow you start saving early on. Thus, you may have over 20 years to save for your child’s education, giving you a significant head start. You can enjoy up to RM3,000 tax relief with education insurance purchased for your children.
INSURANCE TOP-UP. Students are reminded that it is compulsory for them to have a valid medical insurance plan throughout the period of study. International students whose medical and health insurance cover period expires prior to the expiry of their existing student pass are required to top up/extend their insurance.
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Should you invest in a child education insurance policy?
An insurance education plan is a type of financial product that combines elements of savings and insurance, specifically designed to provide funds for educational purposes. These plans are primarily aimed at helping parents secure the future educational expenses of their children through systematic savings and investments over a period of time.
The complete terms and conditions of the insurance product are contained in the Policy Document of Sun Life Malaysia Assurance Berhad Registration No. 199001005930 (197499-U), the Insurer. CIMB Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this insurance product and the services provided by the Insurer.
A child education plan is a dedicated financial tool designed to secure your child's educational aspirations. It allows you to set aside money for their education, ensuring that the ever-increasing costs won't hinder their dreams. These plans come in various forms, offering flexibility and customization tailored to your needs.
Gift your child a secured future and a foundation to their dreams with Child Education Savings Plan, that would help your child achieve their ambition by making sure they can easily afford higher education. Great Eastern understands that the cost of education continues to increase and preparation is crucial; and hence we have designed Education ...
An investment-linked lifetime plan with a mix of coverage and strategic investments for your child's education. We offer education insurance plans to help you save for your child's education with investment-linked lifetime plan along with insurance coverage. Read more.
