OCBC Life Goals

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Children's Education Goal Calculator

Whether your child studies abroad or decides to do this locally, you can prepare for his or her education with OCBC Life Goals.

Estimated time required: 5 minutes

Let’s understand your child’s education needs

What is your child’s name?
What is your child’s age?
Which type studies to pursue?
Pick a likely destination for your child’s University Education:
 
Malaysia
Tuition fees + 1 year overseas twinning in in 15 years
RM 168,000
Cost today is RM 81,000
Singapore
Tuition fees in 15 years
RM 168,000
Cost today is RM 81,000
Australia
Tuition fees in 15 years
RM 168,000
Cost today is RM 81,000
United Kingdom
Tuition fees in 15 years
RM 168,000
Cost today is RM 81,000
New Zealand
Tuition fees in 15 years
RM 168,000
Cost today is RM 81,000
United States
Tuition fees in 15 years
RM 168,000
Cost today is RM 81,000
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you may need to set aside RM0.

How much would I need  
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 How was this calculated?
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The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer on cost: The OCBC Children Education Calculator is designed to provide only a general illustration of potential future education cost based on information provided by you and does not take into consideration your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation nor advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by this calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial planning.
  2. Number of years to Secondary Education: The age of Secondary Education in Malaysia is from 13 years until 17 years.
  3. The average yearly and total tuition fees for International School (Lower Range) are based on the average tuition fees released by Regent International School, Sayfol International School, Beaconhouse International School and Maz International School.
  4. The average tuition fees for International School (Higher Range) are based on tuition fees released by Garden International School, IGB International School, The Alice Smith School and Mont Kiara International School, International School of Kuala Lumpur and The British International School.
  5. The inflation rate used for education is based on a 10-year geometric average of Malaysia CPI, 2006-2016 (Source: DOSM, updated as at 19 December 2017).
  6. Secondary Education Goal Amount: This is the estimated amount required at the start of secondary education . It is calculated on inflation adjusted tuition
The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer on cost: The OCBC Children Education Calculator is designed to provide an illustration of potential future education cost based on information provided by you and does not take into consideration of your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation nor advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by this calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial planning.
  2. Number of years to University Education: The age of University Education in Malaysia is from 19 years old onwards.
  3. Average tuition fees: The average tuition fees is based on the average of latest first-year General and Medicine degree cost released by a few universities of each country:
    1. Malaysia (Private University): Taylors University, Sunway University, HELP University, KDU University, Monash University, BAC and IMU
    2. United Kingdom: University of Oxford, University of Cambridge, and the Imperial College London
    3. Australia: University of Melbourne, University of Sydney, and University of Queensland
    4. USA: Stanford University, Columbia University, and the University of Pennsylvania
    5. Singapore: National University of Singapore, Nanyang Technological University, and Singapore Management University
    6. Canada: University of Toronto, McGill University, and the University of British Columbia
    7. New Zealand: University of Auckland, University of Otago, Victoria University of Wellington
  4. Annual cost of living for overseas university education is based on the figures available in the respective universities’ website.
  5. Inflation rate for tuition fees and living cost for overseas university education is based on 10-year geometric averages published by statistic bureau for each country:
    1. Malaysia: Department of Statistics Malaysia CPI for Education, 2006 2016
    2. United States: Bureau of Labor Statistic CPI for Education and All, 2006-2016
    3. Canada: Statistic Canada CPI for Education and All, 2006-2016
    4. United Kingdom: Office for National Statistics data CPI for Education and All, 2006-2016
    5. Australia: Australia Bureau of Statistic CPI for Education and All, 2006-2016
    6. New Zealand: Statistic New Zealand CPI for Education and All, 2006-2016
    7. Singapore: Yearbook of Statistic Singapore 2016 CPI Education & Stationery, Tuition fees for Polytechnic & Local Universities, and All from 2006-2016. Statistic Singapore – Time Series on CPI (2015=100) & Inflation Rate (Year 1980-2016)
  6. Foreign exchange rate is based on the average exchange rate published by OFX from 31 Dec 2015- 19 Dec 2017.
  7. University Education Goal Amount: This is the estimated amount required at start of university age. It is calculated based on inflation adjusted tuition fees and living cost.

Now, let’s calculate what you have set aside for today

AMOUNT
ESTIMATED RETURN RATES
Cash
Cash in your savings account and fixed deposits.
Investment
Current market value of your unit trusts, shares and etc.
Endowment
Value of your endowment plan upon maturity.
If you can’t remember the maturity value of your plan, you can also use amount you invested so far.
Can't remember?
Property investment
Properties you currently own
Net proceed
After deducting any outstanding loans and fees
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Based on your education plans and assets,

You have a of RM0

Surplus
RM0
your child's education goal
RM0
Age 0
Today
Your current assets
RM0
In
0
Years
Projected value of assets
RM0
Estimated investment returns
RM0
Shortfall
RM0
Surplus
RM0
your child's education goal
RM0
Shortfall
RM0
Estimated investment returns
RM0
Projected value of assets
RM0
Your current assets
RM0
Age 0
Today
In
0
Years
Are you prepared for your child's education?
Continue
Edit your assets
 How was this calculated?
Close
The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer: The OCBC Children Education Calculator is designed to provide only a general illustration of potential future education cost based on information provided by you and does not take into consideration of your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation nor advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by the calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial planning.
  2. Investment: All investments (Shares and Unit Trust) are liquidated at the starting age of respective stage of education. The dividends are assumed to be re-invested.
  3. Current value of savings/investment: This is the sum of lump-sum cash, lump-sum investment set aside for this goal.
  4. Projected value of savings/investments: This is the sum of projected values of current value of savings/investment/property or endowment set aside for this goal using the respective return rate.

Choose ONE or BOTH approaches to help you .

In a disciplined manner
You prefer products such as endowment plan to help you grow your investment in a disciplined manner.
Range of estimated annual rate of return
The estimated rate of return is based on a limited pay universal life endowment plan with 13 years coverage term.
Estimated returns may vary in accordance to different endowment plan.
Source
Monthly investment amount
Your investment preferences
You prefer your policy payout to be paid:
You prefer your policy benefits to focus on:
Show investment preferences
To optimise returns
You prefer an investment portfolio that encompasses products such as unit trust to provide you with potential capital and/or regular returns.
Range of estimated annual rate of return
Benchmark historical performance over the past 5 years (2012-2017)
Benchmark
60% Barclays Global Bond Index
40% MSCI World Index
Source: Bloomberg.
Source
Investment amount
Your investment preferences
Select up to 3 choices on where you would invest in…
Show investment preferences
Unable to show your education goal result.
There seems to be an invalid information,
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Based on your investment approach,

RM0

Surplus
RM0
your child's education goal
RM0
Age 0
Today
Your current assets
RM0
In
0
Years
Projected value of assets
RM0
Estimated investment returns
RM0
Shortfall
RM0
Surplus
RM0
your child's education goal
RM0
Shortfall
RM0
Estimated investment returns
RM0
Projected value of assets
RM0
Your current assets
RM0
Age 0
Today
In
0
Years
See how this could help you
Check out the options we developed for you
Edit your investment approach
 How was this calculated?
Close
The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer: The OCBC Children Education Calculator is designed to provide only a general illustration of potential future education cost based on information provided by you and does not consider your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation or advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by the calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial.
  2. Investment: All investments (Shares and Unit Trust) are liquidated the starting age of respective stage of education. The dividends are assumed to be re-invested.
  3. Current value of savings/investment: This is the sum of lump-sum cash, lump-sum investment set aside for this goal.
  4. Projected value of savings/investments: This is the sum of projected values of current and additional value of savings/investment set aside for this goal using the respective return rate.
  5. The annual rate of return used for simulation under the “In a disciplined manner” investment approach is 4.43% p.a.
  6. The annual rate of return used for simulation under the “Optimise my return” investment approach is 7.32% p.a. based on the historical performance of Barclays Global Bond Index (60%) and MSCI World Index (40%) from year 2012-2017. Source: Bloomberg,

Options based on your preferred investment approach

Options for a disciplined approach
We have 2 options for you
No options for disciplined manner approach
We apologies as we could not find a suitable option for this approach.
Plan A
Policy Terms
Pay 0 years for
0 years coverage
Capital Guaranteed/ Guaranteed Returns

Guaranteed Cash Payout

Guaranteed Death & TPD Benefit

Guaranteed Issuance

Show more details  
Plan B
Policy Terms
Pay 0 years for
0 years coverage
Capital Guaranteed/ Guaranteed Returns

Guaranteed Cash Payout

Guaranteed Death & TPD Benefit

Guaranteed Insurance

Show more details  
Unable to show your disciplined manner approach.
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* Endowment is a medium term investment and it is not suitable for your goal's timeline
* This is the shortest policy term available and may not meet your goal's timeline
Options for optimised returns
We have 2 options for you
No options for optimize returns approach
We apologies as we could not find a suitable option for this approach.
Portfolio A
This portfolio aims to balance risk and return.
Top Sectors
Region
Risk Tolerance
Show more details  
Portfolio B
This portfolio aims to balance risk and return.
Top Sectors
Region
Risk Tolerance
Show more details  
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To ensure that the investment products you purchase meet your financial needs, we will perform a Financial Needs Analysis with you to assess your invesment and risk appetite.
Ready to put your investment approach into action? We are here to assist.
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