As part of Bank Negara Malaysia’s (BNM) ongoing efforts to ensure that all Insurance and Takaful industry players uphold their commitments and deliver services as outlined in their Customer Service Charter (CSC), both BNM and the Boards and Management Committees of the Associations (MTA/LIAM/PIAM) have approved the appointment of NielsenIQ Malaysia as the research agency to conduct the Customer Satisfaction Survey (CSS) 2024/25. Please visit our Announcement page for more information. 

Child Education Fund

The cost of education continues to soar, so preparation is crucial. Begin by calculating how much you're likely to need - to give your children the best education they deserve!

How old is your child today?

0
20
0

At what age will your child be starting his/her higher education?

16
28
0

Which course are you preparing for?

These are average Annual Education Cost at Malaysia’s Private Institution. Actual cost may differ. Cost of living is excluded.
Course
Total cost (RM)
Course
Art
Total Cost (RM)
Course
Medical
Total Cost (RM)
Course
Engineering
Total Cost (RM)
Course
Science
Total Cost (RM)
Course
Others (Accounting)
Total Cost (RM)

Here are your estimated coverage needs

Your child is now
3
Starts higher education at
9
You're planning for them to study
Medical

Factoring an inflation rate of
%,
and an investment rate at
%,
the future value of your desired course for your child will be S$366,572.75
To achieve your goal, you will need to save
S$100,000 per month from now

How do I start?

The above may sound hard to achieve, but we can help. At Great Eastern Life, we build solutions made to see you reach your goals. Simply contact a Great Eastern Financial Representative now for advice. Or click on the button below to learn more about our selection of relevant plans!

Notes: The amount calculated for Child Education Fund is an indicative figure for informational purpose only. For the most accurate and up-to-date education cost please discuss with your Life Planning Advisor.