Besides watching their children grow up healthily and happily, most parents also dream to see their children succeed in life. Education plays an important role in children's development and is one of the most important prerequisites to success. However, the cost of education often adds burden to a family. Therefore, planning for education fees becomes an indispensable element in family planning. Like retirement planning, the earlier you start saving for education, the easier the objective will be achieved.
Generally speaking, studying abroad is much more expensive than studying locally, but studying at local international schools can be even more expensive. Regardless of locations, tuition fees often increase at a much higher rate than consumer price levels. Further, term-break travel and vacation expenses should be taken into the consideration when planning for overseas' education.
Many insurance companies, fund houses and banks offer different types of education plans. Parents should choose carefully among these plans to suit their own objectives and risk preferences. Channel 8 consultants can help you project your children’s education needs and assist you to make the best choice for your children’s future.
The following table illustrates the costs of tertiary education of some popular countries:
|(Source: Education Bureau, 2015)
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We all believe that good health is over wealth. In case health problem arises, an appropriate medical protection allows you to have a choice on better hospital and medical experts. Moreover, it helps avoiding the busy public hospital and allowing you to get an appropriate treatment earlier.
The following is a reference to the cost of the major popular private hospitals: (Last Update: July 2015)
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