1. Consumer insurance means that consumers sign a contract with an insurance company, and the insurance company performs the guarantee according to the contract. If an accident occurs during the contract period, the insurance company will compensate according to the agreed amount. If the insured does not go out of danger after the expiration, the insurance company does not need to return the premium, and the premium is "consumed".
So what are the benefits of consumer insurance? Although many people feel "lost" because they don't refund their premiums when they are due, insurance itself transfers risks, and it should be lucky if there is no accident. Once the risk occurs, it will be borne by the insurance company to reduce the family's economic pressure.
Moreover, consumer insurance has a large leverage ratio, and the general premium is cheap, so it can get higher protection with less premium, which is suitable for people with poor economic situation or strong investment ability and can guarantee savings. Moreover, the protection period of consumer critical illness insurance is more flexible, and consumers can choose the protection period according to their own needs.
Second, the dividend type, many people think that dividend insurance means that insurance companies can provide dividends. It can be understood that the insured has purchased insurance, and the insurance company will distribute a certain percentage of dividends to customers according to the company's operating conditions.
Dividend-sharing insurance is generally divided into investment type and protection type according to functions. Investment dividend insurance generally only provides personal death or total disability protection, and cannot be attached with various health insurance or major illness protection. However, the guaranteed dividend insurance products have stronger protection function, and can usually be used as the main insurance to add health insurance, accident insurance and critical illness insurance, which can form a perfect protection plan.
However, because dividends are paid according to the company's operating conditions, the insured must have a psychological expectation, that is, they may not get dividends, and according to the amount of premiums invested each year, dividends for different products are different, so dividends will be high or low, or even not, so don't expect too much.
How to choose?
1. Give priority to purchasing consumer insurance, including critical illness insurance, life insurance, accident insurance and medical insurance.
2. Adults pay attention to consumer insurance. The period of buying insurance in adulthood is limited, and the cost performance of buying dividend insurance is too low. Therefore, in the case of limited funds, consumer insurance is given priority, so that all insurance must be guaranteed.
3. Consider buying dividend insurance for your child. Whether it is critical illness insurance or education insurance, you can consider buying dividend insurance for your children, which can balance certain investment risks. Moreover, children's protection time is longer, and the expectation of dividends will be considerable, which is more conducive to family investment. Dividend insurance and consumer insurance have their own advantages and disadvantages. Only by recognizing your own needs, finding your own position and buying insurance can you give full play to your greatest value.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.