Education insurance and its benefits and geo quiz


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Education insurance and its benefits

Your children have dreams. They will begin planning an extraordinary future and might want to become successful in the world.   And all you have to do is ensure they continue doing what they need to do. Yet, without a quality education, there is no brilliant future. You should purchase an education insurance plan immediately. Also, it helps you in financial terms and saves your youngsters’ fantasies on target for progress.

As we all know, education fees are rising every day. Due to inflation, it is very difficult for you to provide quality education to your child. But child insurance can help you to plan a better future for your child. And if you are searching for financial tools to help you to make your child’s future bright, then opting for education insurance is a good way.




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My area is 761,605.81 sq. miles, my government is federal republic, and my capital would give my name away.

Correct! Wrong!

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My capital is Quito, I'm slightly smaller than the size of Nevada, and my official language is Spanish.

Correct! Wrong!

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I am located in the southern part of Europe, my capital city is Athens, and I have many incredible buildings and have an ancient history.

Correct! Wrong!

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My capital is Wellington, my literacy rate is 99% and a famous movie trilogy was filmed here in the early part of the 21st century.

Correct! Wrong!

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I am a chain of islands off the eastern coast of Asia, and one of my claims to fame is a great monster called Godzilla.

Correct! Wrong!

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My official language is Arabic, my literacy rate is 71.4%, and I have housed two of the seven wonders of the ancient world.

Correct! Wrong!

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My total area is 3,286,488.06 sq. miles, I'm am known for some of the world's best soccer players, and my official language is Portuguese.

Correct! Wrong!

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My capital is Antananarivo, I have two official languages and my GDP (per capita) is $800.

Correct! Wrong!

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 I am located west of Hungary, and located south of Germany. My official language is German, and my hills are alive with the sound of music.

Correct! Wrong!

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I am a small country on an island in the north Atlantic sea. My landscape is often mistaken due to my name, and some of the best Norse sagas were found here.

Correct! Wrong!

What Country Am I? Part 1
below the average.... try again
below the average.... try again
you are there that's average try again
you are there that's average try again
you did well but you can do better go again
you did well but you can do better go again
amazing you did well 🙂
amazing you did well 🙂
aaaahhhh you only made one mistake unlucky!
aaaahhhh you only made one mistake unlucky!
oh my god ! you didn't make any mistake well done!!
oh my god ! you didn't make any mistake well done!!



Education insurance:

The Education Insurance Policy is an insurance inclusion plan specially intended as an investment tool to give an amount of education cost when your children arrive at the age of 18 or above. The funds monetarily secure your children’s future educational needs, even in your absence, and use to pay school, lodging, and illness costs. Under the education insurance plan, a child’s education life will be guaranteed.

In the event that you decide on a payor benefit rider, the education insurance policy additionally gives the assurance that, on account of the plan owner’s sad passing, the children will have an approach to the resources to help finance his education.

Types:

There are two common types of education insurance. It includes endowment and investment-linked policies. Endowment policies serve as a savings account with insurance benefits. Whereas in investment-linked policies you can invest and still retain coverage. In both policy types, you will get a lump sum benefit upon maturity. Also, there will be bonuses on the accumulated premium.

However, it can also be more expensive to maintain linked policies whereas endowment education insurance plans typically cost less overall.

The Benefits of Buying Education insurance:

An education insurance plan appears like an insurance plan in many ways. It is developed specifically to ensure the future educational needs of your kids. Usually, this means on a decided time frame a single payment will be paid out to your kids in exchange for your costs.

A good education insurance plan will include key factors such as rising prices and tax to ensure that your kids get the right pay-out to complete the payment.

High Cost of Education:

As you know it is very expensive to live and educate yourself. From school picnics, sports equipment to exorbitantly high tuition fees, fancy dress competitions in school and colleges, you have to be ready to pay large amounts for your child’s educational career.

 Benefits of Small and Regular Investments:

By spending an amount of money regularly for your education insurance plan, your investments change into a handsome sum in the future. This money would reduce the financial burden of higher education. It will also help to take off the worry about making timely fee payments for your child’s higher educational degree.

Avoid Loans:

 Educational loan IS the most common way to arrange funds for expensive degrees. There may even be different in your life such as car loans etc. So you don’t want to take additional liability? Education insurance is the best choice for you to save money for the future. A child insurance plan takes away the pressure of applying for a fresh loan.

Investment and protection:

Although child education policy serves for child education, you can get the dual benefits of insurance and investments through the education insurance plan. By becoming a premium rider, no future premiums need to be paid in your absence. In any case, if something were to happen to you, your child’s dreams would not be incomplete. An education insurance plan will help you in keeping the promise intact. Your children can move to whichever country and opt for whatever course of education they want.

Tax Benefits:

You will also get tax benefits with an education insurance plan. The premium will be deducted under section 80(C). Also, unlike fixed deposits or equity shares, the maturity amount is exempt from tax.

Access to Little Distributions:

Certain education insurance policies help you in difficult financial conditions by receiving a little section without asking for a drawback fee. Here you can still manage the stored amount while having free access to the amount you need.

Complimentary Assistance:

Education policies may also provide extra benefits such as a concierge service to help your child settle into university or college with as little difficulty as possible. The concierge assistance can also help with accommodation bookings, flights, student visas.

Tips for Education Insurance Policy:

  • An education insurance policy is a long-term plan. Your financial plan generally continues 18 to 23 years. It means that you would need to manage your expenses over a large period of time.
  • Moreover, education insurance is only ideal for those below the age of 15. Thus, this policy isn’t suitable for all mothers and fathers and kids.
  • The education insurance plan you decide to buy will depend on your risk tolerance and your needs. Before you purchase the policy ask your agent to carry out a fact-finding assessment of the recommended policy. It will help you to ensure that it covers your needs and is within your financial limit.
  • It would be best for you to choose a plan that gives you access to your funds whenever you need them.
  • Make sure you choose an education insurance plan that waives premium payment if your parent/legal guardian is unable to pay for the policy, due to some serious illness.
  • You should get guidelines from the reliable insurance agent who fulfills the need of Insurance Continuing Education.

An education insurance plan will guarantee your child quality education. Also, it will help you meet any unnecessary financial obligations that may arise. You should contact your insurance agent today and get more details on the different education insurance plans.


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