September 1st is a great day to talk about choosing an insurance program for your child. After all, on this day, all our attention is focused on our little ones. And it doesn't matter if it's a first-grader or our "baby" who has moved on to the senior class.
The tips in this article will be useful for parents, as well as novice financial consultants. And now - to the point ;)
1. Purpose of insurance
When choosing a children's life insurance program, it is necessary to determine the purpose of such insurance: Do you want to save money for education at a university, insure his health, or provide insurance protection against accidents?
If the purpose of insurance is accumulation money - the amount should be selected taking into account the cost of education at the university at the moment + related expenses + lay down the inflation rate. You can pre-calculate the cost at this link.
Where to get such information?
- University websites. Here you can see the price for the specialty that your child will potentially be interested in in the future. And, of course, over time, prices will change, but you can get a basis for calculation, taking into account these figures.
- Press reviews. Especially before September 1, almost every news resource will make an overview of the cost of education. Therefore, choose the resource that you trust and get already collected information from it. Our recommendation: in addition to the press review, then check this information on the official website of the university.
- Telegram channels. You can search for Telegram channels that also cover financial topics related to the cost and organization of education. You can also find the necessary information there.
- TAS Life blog. Follow our blog and get information from our resource. Before writing an article, we study information from many resources, consolidate it for your convenience. Therefore, we will be glad if you get useful information here.
If the purpose of insurance is health insurance against serious illnesses - pay attention to the "Doctor TAS" program and choose a children's package. At a cost of only 35 euros per year, you get an insurance program that will provide health insurance for a child in the amount of 300,000 euros. Details here.
If you are interested in insurance for children against accidents - there are options to choose a simple package program or make an individual calculation under the "Formula of Health" program. If you are interested in this type of insurance, you can leave a request in the form at the bottom of the page at this link.
This option will be useful and interesting for those parents who already have savings for education or start-up capital for their baby, using other financial instruments, or prefer short-term savings, for example, in banks on a deposit. This combination will be a great addition to each other.
2. Insurance cost
So, you have decided on the purpose of insurance. Now let's move on to the prices.
If we are talking about savings programs, then the amount of contributions can be from 5,000 hryvnia per year (depending on the desired insured amount, the term of the contract, the gender and age of the insured person).
The cost of life insurance for a child from serious (critical) diseases will cost: for an amount of 300,000 euros - 35 euros per year (a little more than 1,000 hryvnia, payment at the NBU exchange rate).
Agree, having paid 1000 hryvnia a year and received insurance protection in the amount of 9 million hryvnia is a good investment. And even more - your peace of mind.
Package programs from accidents will cost from 150 hryvnia per month, individual programs - from 1,000 hryvnia per year (depending on the set of risks and the chosen insured amount).
3. Additional options
Inquire about what additional options or services the company can offer you and be sure to use them.
In our case, when issuing children's programs, customers get access to the Successful Children's Club, where they can take advantage of offers from the club's partners in three areas: health, education and entertainment.
In addition, when paying an annual fee of 12,000 hryvnia, customers receive a gift service– Likar online (doctor in a smartphone) - access to an unlimited number of consultations from a pediatrician. It will be useful for parents if they are out of town or in another country, something happened and you need to understand the procedure - the service will come in handy.
And also, after three months of the "Doctor TAS" program, you can undergo specialized examinations: take oncology markers, check your heart or thyroid gland (depending on the chosen package).
We hope we helped you find your way around children's life insurance programs.
If you are interested in additional aspects - write to us in the comments!
We wish you and your children health and make smart insurance decisions ;)
