Advantages and disadvantages of savings insurance

Advantages and disadvantages of savings insurance

1. Advantages: Combining the functions of insurance and savings, it not only has insurance protection, but also can manage money. Among them, dividend deposit insurance has low risk and stable return. In addition, savings insurance also has the advantages of simple procedures, corresponding repayment of principal, adjustable insurance coverage and high income.

2. Disadvantages: Although it has the function of saving money, the dividend income is uncertain and the flexibility is poor, which is similar to compulsory saving. Once purchased, the funds are frozen for a long time, which is not suitable for consumers with insufficient funds to buy.

Savings insurance is a combination of insurance function and savings function designed by insurance companies, such as ordinary old-age insurance, old-age insurance and education fund insurance. In addition to the basic security function, there is also a saving function. If there is no accident during the insurance period, the insurance company will return a sum of money to the insurance beneficiary at the agreed time, just like taking the premium in lump sum every year, and withdrawing it in one lump sum after the expiration, similar to a bank.

When people buy traditional guaranteed insurance, they always feel a little empty about the insurance policy they paid for. After the expiration of the guarantee, if it is safe and sound, it is inevitable to "complain" sourly: "The premium money in these years has been wasted and given to the insurance company."

Putting themselves in the position of trying to figure out and cooperate with consumers' psychology, insurance companies have invariably launched new types of savings dividend-paying products. In addition to the traditional protection function, savings dividend insurance has quickly become the new favorite of the insurance market with its characteristics of premium preservation, regular return and dividend sharing, and with the help of convenient bank sales network.

People can consult and buy related insurance products of various insurance companies at the business counter while handling banking business in banks. Through the dividend insurance of savings sold by the bank agent, it ensures the safety of funds and rich income, which is specially designed to achieve the goal of savings and has strong functions of saving and preserving value. You can also get dividends from insurance companies, which is a safe and reliable financial management tool.

Savings insurance corresponds to consumer insurance, and you can enjoy a certain amount of refund after expiration. Common savings insurance mainly includes: savings health insurance, savings financial insurance and savings endowment insurance. You can choose your products according to your actual situation.

How to buy savings health insurance

According to the survey, in recent 20 years, the number of cancer deaths has increased from 12.6% to 17.9%, so it is particularly important to strengthen the protection in critical illness insurance. Among many critical illness insurances, savings health insurance has a high cost performance. If you are unfortunately suffering from a serious illness, the insurance company will pay for it. If there is no claim due, the insurance company will refund your premium as agreed. When choosing this kind of savings insurance, we should give priority to protection, followed by the amount of return. When purchasing, you need to define the scope of protection to see if it includes common major diseases. This kind of insurance for critical illness care is generally realized by paying in advance, so you need to be clear about the amount and method of payment. In addition, the amount of return due for different products is also different. You need to ask before insurance. The greater the rate of return, the higher the cost performance.