Save for a child's education

Hi Mr tan,
I stomped onto your website and I found it really enlightening. I have 2 children aged 2 and 4 years old.. What is your advice on the right investment tool , considering the need to save up for high cost of education in the future and that children do not have any medical insurance? could you advice please. Thanks.

REPLY
My advice is contained in this FAQ:
http://www.tankinlian.com/faq/education.html

It is better to:
1. Save in a low cost investment fund
2. Buy Medishield or other medical insurance to cover your child
3. Have a decreasing term insurance on the parent's life

You can also have a more integrated saving plan, as suggested in this FAQ:
http://www.tankinlian.com/faq/savings.html