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People also ask
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What is higher education insurance?
Colleges, universities, and seminaries need insurance for obvious things, such as the building, the desks, and the educational equipment. Beyond that, they must insure their professors and educators, administration, their reputation, and their ability to continue to educate students.
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Is education insurance good?
They Promise You Higher Returns Which Are Actually Low Returns. If you do the math of the amount you get from an education insurance policy, you will realize that what you are getting back is just the amount of money you saved with very little interest.
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Is education insurance a thing?
Education insurance is an insurance product specifically designed to provide funds or children's education costs in the future.
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Is 529 or life insurance better?
529 plans offer tax benefits and allow account holders to invest in mutual funds, and can be used for tuition payments and student loans. Using a 529 plan is likely the better option for most people, as it offers more flexibility and is typically less expensive than permanent life insurance.
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Which insurance is best for education?
Child Plans†† in India Insurer NamePlan NameEntry Age Aditya Birla Life Wealth Smart Plus 0-50 Years Bajaj Allianz Life Smart Wealth Goal IV- Child Wealth 18-55 years Canara HSBC Life Promise4Growth - Care 18-50 years HDFC Life Sampoorn Nivesh - Classic Waiver Benefit 18-50 years7 more rows
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Which plan is best for children?
Best Child Insurance Policies of 2024 Bajaj Allianz Young Assurance. Bharti AXA Life Child Advantage Plan. HDFC SL YoungStar Super Premium. ICICI Prudential Smart Child's Regular Premium. LIC New Children's Money Back Plan. AEGON Life Rising Star Insurance Plan. Exide Life Mera Aashirvad Plan.
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