Children are the future of a country and nation and the hope of a family.

Children's education is the focus of parents' attention.

Now that education costs are getting higher and higher, many parents want to save education funds to protect their children's future education.

So, how to save education funds? Let’s learn about children’s education funds together.

What are the good critical illness insurance policies for children?

Which ones are cost-effective?

Which one is the most worth buying?

Let’s take a look at the top 10 best-selling critical illness insurance for children from major insurance companies. 1. Basic features of children’s education fund insurance: 1. Dedicated funds.

Special accounts should be set up for children’s education, just like personal pension accounts are used for retirement planning; housing provident fund accounts are used for home purchase planning. Only in this way can dedicated funds be used.

2. There is no time flexibility.

Children must go to school when they reach a certain age (such as primary school around 7 years old and college around 18 years old), and they cannot be postponed because there is not enough tuition.

3. There is no cost flexibility.

The basic tuition fees at each stage are relatively fixed, and these fees are the same for every student.

4. The duration is long and the total cost is huge.

The total amount spent on the children’s education for nearly 20 years from childhood to adulthood may be more than the expenditure on buying a house.

5. Periodic high expenditures.

For example, college education costs an average of 20,000 yuan per year per child, which is 80,000 yuan in 4 years; the total cost of studying abroad is more than 150,000 yuan.

These fees have a short payment cycle and high payment fees, which require advance financial preparation.

6. There is a large gap in additional costs, so sufficient preparations must be made.

Children's qualifications are different, and the related expenses during the entire education process vary greatly, so it is better to prepare more than to prepare less.

2. Basic functions of children’s education fund insurance 1. “Premium exemption” function The so-called “premium exemption” function means that once the insured parent suffers misfortune, dies or is totally disabled, the insurance company will waive all unpaid premiums, and the children can continue to receive benefits.

Guarantee and funding.

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Ranking of the top ten insurance companies in the country 2. The function of forced savings. Parents can choose the type and amount of insurance for their children based on their expectations and the level of their children’s future education. Once an education fund insurance plan is established for their children, they must deposit the agreed amount every year.

amount, thereby ensuring that this savings plan will be completed.

3. The protection function can provide the policy holder and the insured with protection against illness, accidental injury, and high degree of disability.

Therefore, once the policy holder encounters risks such as illness, accidental death, or high disability and is unable to continue the child’s education fund reserve plan, the insurance company will waive the future insurance premiums that the policy holder should pay, which is equivalent to the insurance company paying premiums for the policy holder.

The original benefits of the policy remain unchanged and can still provide for the children’s future education expenses.

4. The dividend function can resist the impact of inflation to a certain extent.

It is generally paid in multiple installments and has a relatively long payback period.

We already know the functions of children's education fund insurance from the above. Regarding the generally low income of education fund insurance, industry insiders suggest that policyholders can check their insurance plans every 2 to 3 years. If they find that the amount is not enough, they can

Increase the insured amount appropriately.