Now plan your child's future with 'Educost'

With the cost of higher education constantly rising, it has become difficult to calculate the amount you would require, after 18 years.

Keeping this need of parents in mind, Aviva has introduced a unique online insurance calculator, "Aviva Educost" to measure the appropriate investment requirement by young parents so as to enable to plan in advance for their child's higher education. It is an exclusive and simple tool that will help to calculate the amount you would require to secure your child's education.

This free-to-use application comes with 20 career options and a comprehensive list of 145 institutes across the world to choose from. Factoring in the rate of inflation, hidden education costs like coaching/preparatory fee and application charges, cost of living if your child moves to another city or abroad, along with course fees, Educost gives you a fairly accurate idea of the financial implication of your child's higher education.

Talking about Educost, Vishal Gupta, Director Marketing, Aviva India says, "Education is the bridge between our children's today and their future prosperity. As a parent, you would undoubtedly want to provide your child with the best education. However, with the rising cost of education it is important to know how much you need to save in order to plan accordingly. The e-tool - Educost not only helps you define the

investment required but also gives an overview of various costs involved if your child wants to pursue any of the 20 career options available in the tool."