
Risk difference between education savings and education insurance
hello welcome to the channel don’t forget to like comment and subscribe today we are going to talk about X difference between education savings and educational designs in the development of the insurance and banking business a number of products were introduced and sold with a number of advantages and features this is intended to meet the needs of a growing Community broadly speaking this is indeed a district Advantage for our customers they have a large selection of products to consider but on the other hand this can also prepared because if there are not understood properly this product cannot be used as Investments education settings and education in science are two products that can be said to be almost the same but still have significant differences customers should both are banking products if the understanding is not correct from the start it is very likely that its use will also not be effective understand the difference before buying alcohol both are indented as education funds.
Education savings and education and science have far differences however most people don’t realize it well so they often buy the wrong appropriate products for their children both of these products are generally sold in Banks perhaps this is what makes many people think that the two are banking products that are not different from each other in fact only education savings products are Bank products meanwhile education Insurance products are owned by insurance companies in cooperation with the bank concerned the seller stuff is also different those who sell education savings products are Bank employees meanwhile those who sell educational Insurance products are insurance company staff a wrong understanding of these two products can have a bad impact on finances the following are some of the differences in terms of fix between education settings and education insurance number one
Quarantee system education settings is one of the financial products Market by fans automatically these settings is warranted by the Deposit Insurance Corporation up to a certain amount that has been determined and follows the maximum applicable interest amount with deposit incidence Corporation guarantee if at any time the bank collapses the savings will remain safe meanwhile education insurance which is generally in the form of uniting insurance it’s not a banking product and has no guarantee Financial products are that are shot by insurance companies in the form of Education funds in this activity the bank only participates as an agenda selling the product number two profit the interests applied applied in the education savings product expects or fixed interests this means that the determined amount of interest will be paid by the bank in the full its customers in general this interest is fair so that customers will always receive interest in the same amount this makes the value of savings always increase and never decrease because the application of this internet as is certain and will always be paid meanwhile in education Insurance products the interest or income that customers will get is uncertain as with ordinary unit link Insurance a number of customer funds deposites each month as premiums will be invested by the insurance company into several investment instruments this activity then becomes a source of income for customers who hold education insurance investment in certainly has risks including the full work situations in the value of the investment fund itself this can cause the amount of funds to be reduced fixed or even increased depending on stock market conditions if the investment goes well and smoothly its value will increase and generate a large income for Education Insurance coders number three protection value the value of rotation provided by education savings will be much lower than the value of protection provided by education and students the reason is in education savings the premium will be paid by the bank and the amount of coverage is limited well in education Insurance the coverage value will be much created because displayed by the customer choose the most appropriate and as needed preparing education fund is now mandatory for most people especially parents be sure to understand well the difference between education insurance and education savings so that you can choose the most appropriate product that according to your needs there is no need to be ashamed ask this directly to other officers who showed it so that the information obtained is clear and accurate
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