Which is better, participating or non-participating insurance?

In most cases, non-participating insurance is better than participating insurance. However, whether it is good or not also depends on the coverage specifically.

This is because with-profits insurance is to get protection at the same time, giving consumers a chance to participate in the distribution of insurance surplus, but the cost of premiums has been raised, while there is actually no possibility of making a lot of money.

Many people don't understand exactly what participating insurance means, so I'm going to give the guys a general overview of the insurance in this article.

Before we begin, we suggest that you first popularize the knowledge of insurance: super full! You want to know the knowledge of insurance are here

Participating insurance refers to the insurance products with dividends, the people who insured this kind of insurance products, you can enjoy the insurance company to provide the policy dividend payout.

How do dividends come from participating insurance? The CBIRC stipulates that insurance companies are required to pay out 70 percent of their distributable surplus as dividends to consumers, meaning that dividends from participating insurance policies are legally valid.

But the problem is that we, as consumers, have no way of knowing how much of the distributable surplus the insurance company is paying out.

Therefore, dividends from participating insurance are highly uncertain, and dividends don't come every year.

For more details about participating insurance, the guys can move here to learn: Why are the complaints about participating insurance so high? The mystery of participating insurance

Participating insurance can be bought, but it should be noted that before buying participating insurance, you need to put personal protection in place.

For example, critical illness insurance, medical insurance, accident insurance and life insurance, most of which do not come with a dividend protection insurance, in a good personal protection, and then go to consider financial and dividend.

Protection insurance can not buy, find the right skills in order to buy the right insurance products, this point also applies to the purchase of participating insurance, this article is more clear: insurance which is good, how to buy cost-effective, hand in hand to teach you to avoid these pits of the insurance

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