The same applicant can only insure one item for the same insured; The basic insurance coverage is 8-65438+ 10,000 yuan (only sold to children customers with risk coverage less than or equal to 20,000). The insured age should be between 0 and 17 years old.
Minimum payment of 5000 and below 10 year; If you pay more than 5,000 yuan, you must pay 50,000 yuan. Otherwise, you will be given a two-year deferred payment period. If you don't pay during the deferred payment period, the policy will be invalid.
Extended data
Universal insurance is a kind of life insurance. Don't think that its wealth management is a wealth management product, and universal insurance is also an insurance product. Therefore, it has the basic functions of life insurance.
For example: providing corresponding living security, exclusive insurance benefits, exemption from income tax, etc. Although it is not a tool to realize profiteering, it can give consideration to investment income and related protection, and can also be guaranteed by legal means. It is an ideal storage method of "risk reserve".
It is a universal life insurance. To say that it is "omnipotent" is mainly manifested in flexible payment, adjustable insurance coverage and convenient collection of policy value.
First, flexible payment. You can choose and change the payment period at will, postpone or stop paying the premium when your future income changes, continue to pay the premium after three to five years or more, and make one or more additional premiums.
Second, the insured amount can be adjusted. You can choose or change the "basic insurance amount" at any time within a certain range to meet people's different needs for protection and investment. For related results, please refer to the "Example Description" column in the table below.
Third, it is convenient to collect the policy value. Customers can receive the value of the insurance policy at any time, which can be used as children's education funds, marriage funds, start-up funds, or as medical reserves and pension reserves for themselves or other family members.
The universal insurance income announced by the insurance company (generally announced once a month) only includes the investment part paid by the insured, excluding the overall payment.
In addition to the guarantee fee, the initial fee, risk insurance fee, policy management fee, loan account management fee and additional insurance fee will be deducted, and some companies will also charge part of the reminder fee and refund premium. Therefore, the overall income of universal insurance will not be high in the past few years.
Reference: Baidu Encyclopedia? Ping An Wisdom Star whole life insurance and Baidu Encyclopedia? Universal insurance