Insurance for education, among the recommended investments to use your severance pay

Given the economic difficulties that many parents went through in the midst of the pandemic, with low wages or loss of their jobs, options such as the insurance for education they shone more than ever since in this way many students were able to continue with their studies without any inconvenience.

It is for this reason that Global Seguros, a company with more than 20 years of experience in the development of these policies, reminded parents that this tool is a way to invest the money from severance pay and thus ensure education for their children.

This type of insurance would also help cushion desertion, which in the current period was accentuated by the crisis and which according to Ascun estimates in 2020 affected 12% of university students, who did not enroll in the second semester, despite announcements of grants and scholarships provided by various institutions of higher education.

Another benefit it has for parents It is that it attenuates the increases in enrollment that there are semester by semester, another of the points that affects students. According to the same Ascun report, during the pandemic the variation in the costs of the universities was 2.03% and the lack of income was the main reason why young people considered stopping attending classrooms.

So, thinking about the importance of accessing the higher education system, after the use of layoffs was expanded in 2019 and they were enabled to be withdrawn in the purchase of this type of insurance, from Global Seguros they saw the opportunity to offer parents a portfolio that allows them to save and invest early.

Currently, the company offers three plans: Global Platinum Guaranteed University, Global Guaranteed University and Global Semesters. These cover the entire value of the tuition of any university and any undergraduate in Colombia and, depending on the one chosen, the coverage is for up to five years, without exceeding 10 ordinary tuition payments, or for the number of semesters acquired.

“One of the aspects that the Covid-19 crisis taught us is that unforeseen events can and do happen. In this sense, it is very important to be prepared not only with educational insurance, but also with life insurance and protect people and property. In the specific case of educational insurance, we have seen how many people saw their income reduced or ended by the crisis and it is at that moment that those who had the prevention of having one of these insurances realized the great investment they had made “, explained the president of Global Seguros, Felipe Daza.

For 2021 the manager indicated that, after a year like 2020, when they closed with figures very similar to those of 2019, they project a relevant growth of close to 25%. “So far in January, probably, although the health crisis has not ended, we see and expect an almost total recovery in the remainder of 2021,” he concluded.

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