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    The Greatest gift For Your Child

    An education is one of the most valuable gifts a parent can give to their child. It helps unlock new opportunities and increase upward social mobility for them to fulfil lifelong dreams.

    Education Cost On The Rise

    But the cost of raising a child has increased over the years with education inflation steadily rising.

    This is especially at the tertiary level where many parents might have to resort to borrowing or dipping into their own savings to fund their child's education.

    Estimated Cost of Raising a Child

    0 to 6 years old
    37,300 to 48,000
    223,800 to 288,000
    Primary year – 1 to 6 
    8,400 to 35,000
    50,400 to 210,000
    Secondary year – 1 to 5
    13,200 to 46,000
    66,000 to 230,000
    Pre-university/ University (Four Years)
    13,200 to 160,000
    52,800 to 640,000
    Total
    393,000 to 1,368,000

    Source: Credit Counselling and Debt Management Agency (AKPK), 2020

    Are You Saving Enough For Your Child’s Education?
    Myth #1
    I will manage the costs, somehow
    Fact #1
    Inflation including cost of living is steadily rising which can affect your savings ability
    Myth #2
    A single savings pool for all my goals will suffice
    Fact #2
    A single savings plan for all your financial goals can lead to trouble – you should split your savings based on your financial goals
    Myth #3
    I have a lot of time
    Fact #3
    Procrastination costs you big time – you may not realise it but it can wreck your budget and financial plans in the form of opportunity costs and actual expenses
    Myth #4
    Loans and scholarships will get you there
    Fact #4
    Scholarships are hard to get and applying for one could be just as difficult. Study loans can be an option, but it might burden your child later
    Parental Dilemmas
    Escalating cost of education especially for parents with more than one child
    Increasingly competitive environment whether in the school or job market
    Surrounded by debt and other financial commitments
    The sandwich generation, squeezed between parents and children
    Quality education, both academic and lifestyle
    Not enough money to save or invest early for education
    A Need-Based Solution

    The process of preparing for a child’s education can be overwhelming. Nevertheless as with all life’s milestones, the key is in starting early and planning ahead.

    The EDUSave programme by Affin Hwang AM provides a need-based solution for families to achieve their education savings goal.

    Our Value Proposition

    Insurance Protection up to RM200k1
    EduSave Bonus Units2
    Value Added Education Concierge Service
    Peace of Mind

    By kick-starting the savings journey, EDUSave helps families develop an early savings habit to prepare for the cost of their children’s education from pre-school right up to tertiary level irrespective of their background.

    References
    1 Terms and conditions apply. Please refer to the Fund's Prospectus and Product Highlight Sheet for more information.
    2 Bonus units are issued at the sole discretion of the Manager as it deems appropriate.

    Planting Seeds For The Future

    With an early start and a systematic savings plan in place, parents could be much further ahead when it comes to planning for children education goals.

    Speak to us today about our latest EDUSave programme by Affin Hwang AM and learn more about how we can help you get started in planning for your child’s education.
  • Bahasa
    Pelaburan Paling Bermakna Untuk Anak Anda

    Pendidikan adalah hadiah paling berharga yang boleh diberikan oleh ibu bapa kepada anak mereka. Pendidikan membuka peluang baharu dan meningkatkan taraf sosial dan kerjaya, membolehkan mereka mencapai cita-cita hidup.

    Kos Pendidikan Kian Meningkat

    Tetapi kos membesarkan anak semakin hari semakin meningkat, dengan inflasi pendidikan yang amat ketara.

    Lebih-lebih lagi di peringkat pengajian tinggi, di mana ramai ibu bapa terpaksa meminjam atau menggunakan simpanan sendiri untuk membiayai pendidikan anak-anak.

    Anggaran Kos Membesarkan Anak

    0 hingga 6 tahun
    37,300 hingga 48,000
    223,800 hingga 288,000
    Sekolah rendah – 1 hingga 6
    8,400 hingga 35,000
    50,400 hingga 210,000
    Sekolah menengah – 1 hingga 5
    13,200 hingga 46,000
    66,000 hingga 230,000
    Pra-universiti/Universiti (Empat Tahun)
    13,200 hingga 160,000
    52,800 hingga 640,000
    Jumlah
    393,000 hingga 1,368,000

    Sumber: Agensi Kaunseling Kredit dan Pengurusan Hutang (AKPK), 2020

    Adakah Anda Menyimpan Secukupnya Untuk Pendidikan Anak?
    Mitos #1
    Saya akan mencari jalan menampung kos
    Fakta #1
    Inflasi, termasuk kos sara hidup, semakin meningkat, dan boleh menjejaskan keupayaan anda menabung
    Mitos #2
    Simpanan dalam satu dana untuk semua matlamat saya sudah mencukupi
    Fakta #2
    Pelan simpanan tunggal untuk semua matlamat kewangan anda boleh menimbulkan masalah – anda patut membahagikan simpanan mengikut matlamat kewangan anda
    Mitos #3
    Masih ada banyak masa lagi
    Fakta #3
    Berlengah boleh menjejaskan rancangan anda – anda mungkin tidak sedar tetapi ia boleh menggugat peruntukan dan rancangan kewangan dalam bentuk kos lepas dan perbelanjaan sebenar
    Mitos #4
    Pinjaman dan biasiswa akan membantu anak anda mencapai matlamat
    Fakta #4
    Biasiswa sukar diperolehi dan memohon biasiswa juga bukan mudah. Pinjaman pendidikan boleh dipertimbangkan, tetapi ia mungkin membebankan anak anda kemudian.
    Dilema Ibu Bapa
    Peningkatan kos pendidikan terutamanya bagi ibu bapa dengan lebih satu anak
    Persekitaran semakin kompetitif di sekolah dan juga pasaran kerjaya
    Dibebani hutang dan komitmen kewangan lain
    Generasi di tengah, tersepit di antara ibu bapa dan anak-anak
    Pendidikan berkualiti, dari segi akademik dan gaya hidup
    Tidak cukup wang untuk menyimpan atau  melabur awal
    Penyelesaian Berasaskan Keperluan

    Proses membuat persiapan bagi pendidikan anak mungkin satu tuntutan yang mencabar. Namun begitu, seperti semua matlamat penting dalam hidup, perancangan awal menjadi kunci kejayaan.

    Program EDUSave di bawah pengurusan Affin Hwang AM menyediakan penyelesaian berasaskan keperluan yang membolehkan keluarga masa kini mencapai matlamat simpanan pendidikan masing-masing.

    Saranan Nilai Kami

    Perlindungan Insurans sehingga RM200k1
    Unit Bonus EduSave2
    Khidmat Bantuan Pendidikan Bernilai Tambah
    Ketenangan Fikiran

    Dengan memulakan pelan simpanan, EDUSave membantu keluarga masa kini mula menabung dari peringkat awal lagi sebagai persiapan bagi membiayai kos pendidikan anak-anak dari peringkat prasekolah sehingga pengajian tinggi, tanpa mengira latar belakang mereka.

    Rujukan
    1 Tertakluk kepada terma dan syarat. Sila rujuk Prospektus Dana dan Lembaran Keterangan Produk untuk maklumat lanjut.
    2 Unit bonus diterbitkan atas budi bicara mutlak pihak Pengurusan sekiranya dianggap sesuai

    Menyemai Benih Untuk Masa Depan

    Dengan mengorak langkah awal dan pelan simpanan sistematik, ibu bapa boleh melangkah lebih jauh lagi dari segi merancang matlamat pendidikan anak-anak.

    Mari berbincang dengan kami hari ini tentang program EDUSave terbaharu anjuran Affin Hwang AM dan dapatkan maklumat lanjut tentang cara kami boleh membantu anda merancang pendidikan anak anda.
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CUSTOMER CARE
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Copyright © 2022 Affin Hwang Asset Management Bhd
TENG CHEE WAI

Managing Director
Teng Chee Wai is the founder of Affin Hwang Asset Management Berhad (Affin Hwang AM). Over the past decade, he has built the Company to be the fastest growing and only independent investment management house in Malaysia’s top three, with an excess of RM47 billion in assets under management as at 31 December 2018.​

​In his capacity as Managing Director / Executive Director, Teng manages the overall business and strategic direction as well as the management of the investment team. His hands-on approach sees him actively involved in investments, product development and marketing. Teng’s critical leadership and regular participation in reviewing and assessing strategies and performance has been pivotal in allowing the Company to successfully navigate the economically turbulent decade.

Teng’s investment management experience spans more than 20 years, and his key area of expertise is in managing absolute return mandates for insurance assets and investment-linked funds in both Singapore and Malaysia. Prior to his current appointments, he was the Assistant General Manager (Investment) of Overseas Assurance Corporation (OAC) and was responsible for the investment function of the Group Overseas Assurance Corporation Ltd.​

​Teng began his career in the financial industry as an Investment Manager with NTUC Income, Singapore. He is a Bachelor of Science graduate from the National University of Singapore and has a Post-Graduate Diploma in Actuarial Studies from City University in London.
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