Guide: Buying child insurance can reduce the economic loss caused by children's diseases or casualties and provide a certain financial security for a family. So what is the best for children? What are the misunderstandings in the insurance for children's insurance?
Children's insurance purchase four major misunderstandings
One of the misunderstandings: first to buy insurance for children, adults are not in a hurry
Many parents think that children are weak, need more protection, so in insurance, priority is also insured for children, but ignore adults, This is the most serious misunderstanding.
Adults are the economic backbone of the family and the best umbrella for children. If you only buy insurance for your child, but the adult does not buy it yourself, then the insurance company will not lose a penny when an adult accident occurs. The family is likely to be in trouble and the child's future education will not be guaranteed. Therefore, we believe that adults should first insure themselves before they are insured for their children.
Misunderstanding 2: Only education is not heavy protection
Many parents spend a lot of money to buy education insurance for their children, but do not buy or neglect to buy accident insurance and medical insurance, the insurance function is turned upside down. Because the child is still young, the probability of accidental injury and hospitalization is much higher than that of adults. Parents are usually willing to do their best to provide the best medical conditions for their children, so that the cost of medical expenses will be considerable.
Therefore, the order in which insurance experts recommend purchasing insurance for children should be: accident insurance, medical insurance, and major illness insurance for children. On the basis of complete insurance, consider purchasing education insurance.
Misunderstanding 3: Insurance period is too long Self-care is not 100858
When buying insurance for a child, the insurance period should be based on the age at which he graduated from university, and then he should be self-sufficient.
Misunderstanding 4: Excessive insurance coverage is excessive protection
If the child is insured with insurance for death (such as term life insurance, accident insurance), then the accumulated insurance coverage should not exceed 100,000, because the excess is paid even if the premium is paid Also invalid. This is a hard rule for preventing moral hazard.
Four major children's insurance analysis
1, children's accidental injury insurance - guaranteed child insurance
Insurance characteristics: cheap, high security, no return.
Applicable family: basic purchase, only accidental injury.
Tips: Buying this kind of insurance does not mean that you don't have to worry about your child's safety. It only gets some financial help and compensation after the child has an accident.
2, children's health insurance - child insurance
insurance features: cheap, high security, no return.
Applicable family: basic purchase, the child is weak.
Tips: The smaller the age of the major illness insurance, the cheaper the premium. In the past, many companies had prescribed more than 18 to purchase major illness insurance, but now children under 16 can also purchase the insurance.
3, children's education savings insurance - savings child insurance
Insurance characteristics: regular fixed payment, more deposits, more savings, outside the savings.
Applicable family: Targeted medium and long-term reserves.
Tips: At present, many insurance companies have introduced education-type insurance to design education funds and children's death insurance. Compared with savings and other simple investment channels, the purchase of educational insurance has more layers of support. In addition, the purchase of insurance can also achieve the purpose of reasonable tax avoidance to a certain extent.
4. Children's Investment and Financial Insurance - Investment-type Children's Insurance
Features of insurance: premiums and insurance amounts are autonomous, and they are withdrawn at any time to protect external income.
Applicable families: families with higher premium budgets.
Tips: As a newly introduced insurance, insurance company sales staff usually encourage parents to try to buy, although the coverage of this insurance is more comprehensive, but parents still need to consider the actual needs before insuring, especially considering whether to repeat purchases.