“College education is expensive – not going to college is more expensive.”
Being a parent is one of the most joyful experiences in one’s life. At the same time, it comes with a lot of responsibilities as every parent wants to secure their kids’ future against any financial hurdle. And providing your children the best possible education and career opportunity is an important goal. It is also, perhaps, the biggest financial liability in one’s life to plan and create the best educational opportunities in the future to shape up their child’s career.
The cost of education will be much more in the future in comparison to what we pay today. Therefore, one cannot wait for things to happen in one’s favor and should start child education planning in Dubai as soon as possible.
Plan For Your Child’s Higher Education
Saving for your child’s education is essential if you want to see them going to the best universities for the best opportunities. As one of your biggest financial liability and goals, early planning is the only way to ensure that your child will receive the best education as he or she grows. At New Age Insurance Brokers, we provide education planning services through different education saving plans for school and college. We help you achieve your objectives through detailed planning with the following steps:
- Evaluate the present cost of education.
- Estimate the impact of inflation.
- Create a detailed plan to save and invest.
In UAE, you can invest in guaranteed investment plans, unit-linked investment plans, or capital protection investment plans as per your objective and financial readiness. You can invest in the following education saving plans in Dubai for your child:
Single premium saving plan: If you want to invest a lump sum amount, single premium education savings are the best option to meet your objectives. This way, you will have a substantial amount to pay for your kid’s higher education in the future.
Regular education saving plan: In a regular education saving plan, you can invest in an education scheme with fixed monthly/quarterly/half-yearly or yearly premiums as per your capability. With these types of schemes, you must determine your other financial goals and liabilities to ensure that you are able to pay for the education plan at regular intervals.
At New Age Insurance Brokers, we help you find the best education savings plans for your kid’s school and college fees and other education-related expenses. As experienced child education planning advisors in Dubai, we can help you through the complete process of choosing the right education plan from the most reputed companies. Get in touch for a free consultation.