The i-save Cost of Education Calculator helps you estimate the corpus required to
fund your child’s education, and the annual investment you will need to make to
accumulate this corpus.
Your Child’s Age: Please input your child’s
Desired stream of education: Please select
the stream of education for which you would like to estimate the cost of education
for your child.
Location: Please select if you would like
to estimate this cost for domestic education institutions or International
Current cost of education for desired stream:
Please input the estimate for the current cost of education for desired stream.
The help icon besides this input field provides you with illustrative averages for
both domestic and international costs and can be used as a benchmark, if you so
Age of child when education funds required:
Please input the age of your child at which you expect to require the corpus to
meet his education costs.
Expected Inflation Rate: Please select what
you estimate the inflation rate to be during the period upto the age at which you
expect your child to require funds for education.
Expected Growth rate on Investments: Please
select what you estimate to be your average return on investments during this period.
It might be advisable to estimate a conservative rate of return to ensure that your
requirements are met even in changing market and economic conditions.
Corpus required to fund your child’s education:
The calculator will provide you with the amount you need to accumulate for your
child’s education. Your requirement is determined by the current estimate of cost
of education for the desired stream adjusted at the selected annual inflation rate
to the age of your child when the funds are required.
Required Annual Investment: This is the
amount you will need to invest annually to accumulate your desired corpus at the
growth rate of investments selected by you.
Insurance Cover to secure Corpus requirement:
This is the amount that you need to protect to ensure that in the event of death,
the sum insured will provide for meeting your goals.