Yes, it's called education savings, but it's not called fund, because there is a kind of commercial insurance called education fund sale, which is different in nature. If you open an education savings account in a bank, you must deposit a certain amount regularly every month, and you must provide an admission certificate (admission notice from a university or high school) and an ID card before you can withdraw money. If you buy commercial insurance, you must pay the amount agreed in the insurance contract every year. You can choose to pay for ten or twenty years. When the child reaches the age (for example, 16, 19), the insurance company will automatically transfer the money to your designated bank. There is no need to provide an admission notice.

Remember to adopt