What does protection insurance mean?

Protection insurance mainly refers to the traditional type of life insurance with the nature of the savings, this kind of life insurance has a fixed policy interest rate, will not be increased with the rise of market interest rates, and will not be reduced with the decline in market interest rates, the policyholder to obtain the insurance coverage is a certain amount of unchanged payment.

Protective insurance belongs to the jargon of the life insurance industry, its biggest feature is the high protection, low cost, and consumer insurance is of the same nature, such as the types of insurance have accident insurance, term life insurance and so on. Health insurance, also belongs to the protection type of insurance category.

Expanded Information

Protection insurance is a kind of traditional insurance. This kind of insurance is characterized by high protection and low cost, which can provide a practical and effective protection for the insured by investing a small amount of premium. So it is favored by many ordinary people.

The root of insurance is to share the risk faced by the individual to the whole society **** the same bear, so that the individual as long as to pay a small price can protect a large risk, and the significance of protection type of insurance is in this.

Protective insurance policy considerations

1, accidents can never be predicted, everyone should prepare themselves for a full amount of accident insurance, choose to include accidental injury, accidental medical treatment, etc.;

2, with the age of the protection of critical illnesses should be put on the agenda, in the present day, this fast-paced life, stress, environmental pollution, serious environment. Health is under great threat, should try to make the critical illness protection;

3, death protection, to consider the actual situation of the family, to ensure that the family 3-5 years of normal life will not be affected by the amount of coverage;

4, in the family members of the protection are perfect, according to their own financial ability, you can consider the children's reserves of education, prepare for their own pensions. Children's education and adult pension is a rigid demand;

5, premium expenditure should be controlled within a reasonable range, the whole family premiums should be controlled within 20% to 15% is appropriate, too much will affect the normal quality of life.

Reference:

Baidu Encyclopedia - Protection Insurance