In the insurance we allocate for our children, we will inevitably encounter the problem of choice.
And there is such a type of insurance, which seems to have very good protection and can cover the protection of various risks, that is, children's insurance.
So, is it necessary to buy a copy for children with this kind of children's insurance?
Let's find out.
What is Kids' Insurance?
It is actually a comprehensive insurance product designed for children, aiming to provide comprehensive protection for minors.
In fact, it is a combination of life and death, which means that the insurance company can pay the agreed insurance money when you die within the insurance period agreed in the insurance contract or are still alive at the end of the insurance period.
The main protection of children's insurance is life insurance and accident insurance. We can look at the specific coverage.
The first is personal accident insurance.
This benefit means that the insurance company can pay a certain amount of insurance if the children are injured or disabled due to an accident.
It can include protection against accidental death, accidental dismemberment, and accidental medical expenses.
(A mini program has been added here, please go to the Toutiao client to view)
Life insurance, of course, is death protection.
In addition, not only will you be paid if you die during the insurance period, but you can also pay a maturity benefit if you are still alive at the end of the insurance period.
This is the origin of its name for preserving life and death.
In addition to this, there is also the guarantee of education.
For example, academic awards, as well as education funds, tuition advances, etc., can provide better educational opportunities for children.
In other words, children's insurance can provide children with protection from daily accidents to major risks, which can be said to be relatively comprehensive.
Is it necessary to buy both children's insurance?
In fact, children's insurance is actually a relatively expensive product, and it is not suitable for all parents to buy for their children.
We can look at it with a product-specific clause.
This children's insurance is a participating type that allows children between the ages of 30 days and 14 years old to be insured up to the age of 25.
The payment period can be paid annually, monthly, or in a single payment, and the waiting period is 180 days.
The content of the guarantee is relatively rich.
There is an adult insurance benefit that pays 50% of the basic sum insured when you become an adult.
There is a start-up insurance fund, and if you choose to start a business, you can pay 50% of the basic sum insured.
There is a marriage insurance benefit, and you can pay 50% of the basic sum insured when you are ready to talk about marriage.
(A mini program has been added here, please go to the Toutiao client to view)
Of course, there must be a death benefit. In the event of death before the age of 18, the cash value of the contract will be refunded.
In the event of death between the age of 18 and the end of the insurance period, 100% of the basic sum assured will be paid.
And since it is a participant-type insurance, you can also receive dividends.
There are two ways to receive dividends: cash collection and accumulation of interest.
However, in fact, there are certain disadvantages of children's insurance.
For example, the protection leverage is low, the premium is relatively expensive, the protection period is short, and so on.
In essence, it is actually a bundled combination insurance product, which is not suitable for ordinary families to buy.
Therefore, when we choose insurance products for our children, we must be clear about their needs.
It is better not to buy a combination insurance product, but to buy it separately, such as accident insurance, million medical insurance, etc. separately.
If the basic protection is configured, it is a better plan to buy this kind of financial insurance product for the children.