The relationship between insurance and financial management should be clarified.

1, with different functions: insurance is mainly responsible for the guarantee function of the policy, and wealth management is responsible for the investment function.

Financial products do not have the protection function, while insurance financial management has the protection function of death insurance. At present, the insurance financing in the market is mainly investment-linked insurance, universal insurance and dividend insurance. These three products generally divide the premiums paid by the insured into two accounts, the policy liability reserve account and the investment account.

2. Different income calculation: wealth management products are generally calculated by simple interest, with fixed term and relatively stable income; Most insurance wealth management products are calculated by compound interest, and the income is not fixed.

For example, dividend insurance, in addition to ensuring income, insurance companies will also pay dividends according to the profitability at the end of each period.

3. Flexible withdrawal in different degrees: bank wealth management products have a fixed term. If users urgently need to withdraw cash in advance, they will lose interest, but generally the loss is not big, so withdrawal is more flexible. Whether insurance wealth management products can be withdrawn flexibly will cause great losses to customers.