Most recently, I realized that there's a growing trend of Malaysian who are planning or have already invested into an insurance savings plan / child education savings plan. Such a plan also commonly known as annuities scheme requires the participant to pay a certain amount of cash for a fixed period of time. After which that participant will receive periodic payments over an extended period of time, followed by a lump sum payment return upon maturity of the plan.   

 

 

Key Characteristics of MaxEdu Choice

1. Pay only 5 years of Premium

2. Receive or accumulate cash payouts in the policy year when your child turns 17.

3. Policy matures in the policy year when your child turns 21

4. Includes insurance cover for death, terminal illness, or total and permanent disability for your child

 

How does MaxEdu Choice work?

Sample scenario as provided by this plan:

 

 

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