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Article

Ensure your children get a head start in life with a solid education fund

3-min read

Healthy body Healthy finances Healthy mind

Most parents are aware that a good quality education for their children can cost a fortune. But few parents know exactly how much they need to get the education they are seeking. With the ever-increasing rise in education costs, early planning and an effective education savings plan is essential to give your children the education you want for them.
Every parent wants the best for their children, so it's good to start an education saving plan as early as possible to cover every stage of their long education journey.

Parents always looking for children's success
Overseas study can easily cost over HK$1,000,000¹. Prepare an education fund for your children to provide them with more opportunities in future.

Total cost for overseas study¹ (University tuition and living expenses) (HK$)
United Kingdom $600,000 - $1,620,000
United States $920,000 - $2,000,000
Australia $600,000 - $990,000
Canada $720,000 - $1,320,000

Make a financial plan and take the first step for children's education journey

Set a clear target and plan early: Calculate the actual education expenses of your children carefully and set a clear saving goal.
Make good use of financial tools: Select appropriate wealth management tools according to your personal risk appetite and financial status and accumulate the education funds you need through capital appreciation.
Expert opinion: You can choose an insurance plan as one of your financial tools and seek advice from financial planning consultants. Pick an appropriate insurance plan for your needs and ensure a bright future for your children.

Information of overseas study - media coverage on 17 December 2020. AIA's Research of Overseas Education Expenditure by GfK Hong Kong, a market research company (data collected in January 2021)

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