Many parents today are starting to understand that the safety and welfare of children is the main thing. So Buy Insurance Policy for Children Malaysia is a crucial and important thing. Because we can’t guess the next few seconds. So that any event can happen beyond our understanding!

What Exactly is the Buy Insurance Policy for Children Malaysia?

Insurance for children can be a financial plan in the future when the child grows up and requires no small amount of money. The presence of insurance, besides being beneficial for children, also provides financial protection for parents. Every responsible parent will try to give the best for the child. For example, by sending children to the best schools and providing the best treatment when children are sick.

But sometimes, this desire collides with financial conditions or other priorities. For that, it takes preparation from a young child. Preparing for a child’s future can be done in many ways. However, in choosing insurance, parents are often confused by the many types of products offered.

Types of Buy Insurance Policy for Children Malaysia

In planning, insurance for children can be said as a provision for the future. Did you know that insurance is something crucial! Here are some types of insurance:

Health Insurance

Health insurance is a product that must be owned by your child. Because compared to adults, children tend to get sick more easily. This is because antibodies in children are still developing. In addition, children do not yet have the awareness to maintain personal hygiene.

Health insurance has a variety of features, so it is often confusing. Some of the features that can be very useful include:

• Ease of filing a claim without a card or Cashless at network hospitals.
• Outpatient and inpatient benefits.
• Reimbursement benefits for hospitals outside the insurance company’s cooperation network.

Generally, the higher the premium paid, the more protection benefits can be obtained. However, that doesn’t mean you have to buy a policy with the highest premium, but adjust it to the needs of your child.

Education Insurance

The cost of education is expensive, but the cost of education is something that can be prepared in advance. There are many ways that you can prepare education funds, one of which is Education Insurance. There are 2 types of education insurance, namely endowment insurance and unit link insurance.

Endowment Education Insurance

This education insurance is a combined product of life insurance protection plus money market instruments. Insurance will cover the cost of the child’s education if later the parents can no longer earn a living due to death or total disability. In addition, the results of instruments in the money market, such as deposits, tend to provide a definite yield value, which can be withdrawn within a certain period of time. The amount is in accordance with the contract that has been agreed between the customer and the insurance provider.

Unit Link Education Insurance

This type of education insurance is also a combination of life insurance and investment services. The premium paid every month will not only protect the future of children’s education but will also be managed for investment products such as mutual funds. The profit from the investment will be distributed along with the level of school children.