Traditional Culture Encyclopedia - Traditional stories - Is mutual insurance and insurance worth buying?

Is mutual insurance and insurance worth buying?

Mutual insurance and insurance are worth buying, both of which will provide a certain guarantee for their own safety, that is, in the event of an accident or illness, there is an extra guarantee. However, it should be noted that joining mutual insurance requires a waiting period (90 days) for serious illness, and all those who have participated in mutual insurance will help you share the claim of 300,000 yuan or 6,543.8+million yuan.

However, it should be noted that the cost of mutual insurance is shared equally. Although it looks like a dime, it is only the lowest share price. Once more people use mutual insurance, the sharing cost will rise. The "mutual guarantee" clause does not mention in detail whether your renewal will be affected by changes in your health status next year. At the same time, it is also stipulated that once the product is stopped, no one can renew it.

However, unlike mutual insurance, all terms and expenses are clear. Insurance is a commercial insurance in which the insurer undertakes to compensate for the property losses caused by the possible accidents agreed in the contract or to pay the insurance money when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.

From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.