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The Parenting Worries: Cost of Raising a Child

Underwritten by Kids, Money And Stress THE REAL LIFE COMPANY AIP EXPENDITURE The Biggest Financial Concerns Of A Parent Becoming a parent is a life-changing event – and life as a parent keeps changing too. There's no lack of worries for a parent, but most of these worries can be mitigated with the right decision. There's a lot you can do to protect your child through the and downs! sdn EDUCATION Malaysians' top studying destination - Australia Cost of 3-year course in Australia – Now* Cost of 3-year course in Australia - 18 years later* Inflation RM320,760 (2014) RM773,031.60 (2032) 5%iv * Estimated figures, including living expenses CHILDCARE Working parents worry about the high cost of childcare in Malaysia: Domestic maid Full-day childcare One-time fee: At least RM8,000 Monthly: Minimum RM700vi * Not inclusive of lodgings, food and other living expenses. Monthly: About RM770" HEALTHCARE One of the biggest concerns parents have are the safety and health of their child. With the rising medical inflation, a sickness can hit the family's finances hard! 2014 2020 Average consultation fees by general practitioners Lix RM85* RM177 10% medical vii Average consultation fees by specialists inflation a year RM155 RM275 The answer to your peace of mind... Having the right insurance coverage for your child is no longer an option with the rising costs of raising a child. With AIA A-Life SuperJunior, every parent's concerns are answered: Protect your child's coverage against the rising inflation Ensure timely medical check-up for your child Additional 25% of the initial sum assured 5% reimbursement of the initial sum upon age 21 assured from age 21 to 75. Financial aid to take time off work to Leave a legacy to your child care for your sick child 5% of the initial sum assured reimbursed if the child is hospitalised for at least 3 consecutive days. 125% of the sum assured is payable to your child at the age of 75. The job of a parent never ends.. Protect your child from young until after you are gone.

The Parenting Worries: Cost of Raising a Child

shared by iMoneyMalaysia on Jan 23
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Parenting can be wonderful and rewarding, but it can also be difficult and worrisome, especially with the cost of raising a child being so high. Being a parent basically means being responsible of you...

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