The payment period of education funds is very flexible. The shorter the payment period, the higher the annual payment. At this time, we should also consider the baby's serious illness. The biggest guarantee for giving birth to a baby is parents, which means that any insurance is only useful if it is paid continuously, so whether the parents who are the baby's umbrella are ready.
The role of education fund insurance
1, "premium exemption" function The so-called "premium exemption" function means that once the insured's parents encounter misfortune, death or total disability, the insurance company will waive all unpaid premiums and their children can continue to receive protection and assistance. 2. The function of compulsory savings Parents can choose the type and amount of insurance for their children according to their own expectations and their children's future education level. Once the education insurance plan is established for children, they must deposit the agreed amount every year to ensure that this savings plan can be completed. 3. Education fund insurance has the function of insurance protection, which can provide protection for the insured and the insured in terms of illness, accidental injury and high disability. Therefore, once the insured suffers from illness or accidental death and high risk of disability, the insurance company will waive the insurance premium that the insured should pay in the future, which is equivalent to the insurance premium paid by the insurance company for the insured, and the original rights and interests of the policy remain unchanged, and the children can still be provided with future education expenses. 4. Education insurance also has the function of financial dividend. It can resist the influence of inflation to a certain extent. Generally, it is paid by installment, and the payback period is longer.
The bank's education savings (stable, with good interest rate and no risk), fixed investment (with high returns and risks, handled by banks or securities companies), insurance products (with average returns, but with some additional guarantees), and you can also plan your own savings (just open a passbook or buy a big piggy bank ...).
Education savings, like the education fund mentioned by friends, calculate the interest according to the method of lump-sum withdrawal. Children must be above the fourth grade to apply. The interest rate is higher than that of ordinary zero deposit and lump sum withdrawal, and it is tax-free. The limit is 20,000, which shall be handled with the certificate of student status. This will be done when your child reaches this age.
I don't recommend insurance as an education fund, because the rate of return is low, and the macro economy has entered the channel of raising interest rates. The income of insurance products is usually linked to interest and lags behind, so it is not worthwhile to buy it now. When buying insurance, please give priority to the main source of family income-such as the father of the child. ...
It is a good way to invest in funds, and it also meets your requirements. It is recommended to buy two funds. A 200 (ICBC) and a 300 (China Merchants Bank). You can transfer money directly from your salary account every month without going to the bank every time. So, when your son 15 goes to college, it will probably be 15W. . Probably enough. You can listen to the fund manager's views on fund types, but don't take them too seriously. Personally, I prefer open-end funds, old funds and star-rated funds with better performance in the past. (The income is an approximate figure calculated at 5%, which is a conservative estimate. )
Education fund is not the kind of fund in the market. Although it's the same word, it has different meanings. You just need to go to the bank to do it. Exempt from personal income tax. This is the kind of education fund now, just like the kind of fixed deposit with lump sum deposit. There is absolutely no risk.
Maybe you are talking about education savings.
Education savings refers to the special savings that individuals open accounts in designated banks and deposit a certain amount of funds for educational purposes according to the relevant provisions of the state. It is a special savings for students to pay the education funds needed for non-compulsory education. Education savings are registered in real-name registration system. When opening an account, the depositor should hold his/her (student's) household registration book or ID card and go to the bank to open a deposit account in his/her own name. At maturity, the depositor needs to withdraw the principal and interest in one lump sum with the passbook and relevant certificates.
The account is opened for students above grade four (including grade four). The term of deposit is divided into one year, three years and six years. Education savings are deposited in 50 yuan, with a maximum principal of 20,000 yuan per household.
1. Open an account:
When opening an account, you must show the customer's (student's) household registration book or resident identity card to the savings institution, and open a deposit account in the customer's personal name. The financial institution shall register the name and number of the certificate according to the above documents provided by the customer. The object of opening an account is students above grade four (excluding grade four) in primary school.
2. Deposit:
When opening an account, the customer must agree with the bank on the amount of each time deposit and deposit it in installments. If there is any omission in the middle of the account, it should be filled in next month. If it is not filled, it shall be handled in accordance with the relevant provisions of installment time deposits.
3. Withdraw:
At maturity, the customer will draw the principal and interest in one lump sum with the passbook, ID card and household registration book (household registration certificate) and the identity certificate of students receiving non-compulsory education provided by the school, and each "certificate" will only enjoy the interest tax concession once. If the customer can't provide "proof", his education savings will not enjoy the interest tax preference, that is, the one-year and three-year interest will be calculated and paid according to the interest rate of fixed deposits of the same grade in the same period on the account opening date; Interest is calculated and paid for the six-year term according to the interest rate of five-year fixed savings deposit on the account opening date. At the same time, interest income tax on savings deposits should be levied according to relevant regulations.
4. Exit early:
Early withdrawal of education savings must be paid in full. When withdrawing in advance, if the customer can provide "proof", the interest shall be calculated and paid according to the actual deposit term and the interest rate of lump-sum fixed-term savings deposits of the same grade in the same period as the account opening date, and the interest income tax on savings deposits shall be exempted; If the customer fails to provide the Certificate, the interest shall be calculated and paid according to the current savings deposit interest rate on the actual deposit period and withdrawal date, and the income tax on savings deposit interest shall be levied according to relevant regulations. 5. Overdue withdrawal: for the part of education savings that exceeds the original deposit term (overdue part), interest shall be calculated and paid according to the interest rate of current savings deposits on the withdrawal date, and income tax on interest of savings deposits shall be levied according to relevant regulations.