The difference between the traditional and the current concept of old age

Traditional; the scope of protection,

1 contains a term or whole life insurance, known as death insurance, disease, accident, nature

2 contains a major disease early payment for life or term, accidental medical care, or one-year hospitalization

Pension insurance, belonging to the investment type, the interest is uncertain and the insurance company is operating well or bad have a direct relationship, that is, now you put some pocket money in the insurance company, when you are old, the insurance company will give you back the money, appropriate to give you some interest, he helped you manage, mandatory savings, the same as. Some of your pocket money in the insurance company, when you are old, the insurance company to return the money to you, appropriate to give you some interest, he helped you manage, mandatory savings like, you if in the middle of the reversal, you used to pay the money will be a loss of money, all you will continue to pay money,