There are too many insurance policies for children. You can call 95519 (China Life) or 95511 (Ping An of China) for consultation.
I hope the following information about children’s investments will be helpful to you:
How to buy insurance for children? 2007-03-01 14:20
Strategy 1: Three reasons to insure children
1. Reduce accident pressure:
According to the national survey conducted by relevant departments A survey of more than 40,000 children in 11 cities shows that 20 to 40 children in my country die, become disabled, or require medical treatment due to accidental injuries every year. Accidental injuries to children have become one of the most serious social, economic, and medical problems today. Children are active by nature and do not know what dangers are. Therefore, it is necessary to insure children against accidents. This type of insurance is generally consumer-based and is not expensive. It only costs a few hundred yuan a year, such as the "China Life Student Card (Accident Insurance)" and "Life Card" of China Life Insurance.
2. Reduce medical burden:
The survey shows that parents are particularly concerned about their children’s health. At present, serious diseases tend to affect younger people, and the high medical expenses of serious diseases have become a heavy burden for some families. According to the current status of my country's medical system, Chinese children are not covered by the social security system, and teenagers and children in this age group are basically without medical insurance. Therefore, using insurance to share your child's medical expenses has become an important factor to consider when purchasing children's insurance. The younger the age for critical illness insurance, the cheaper the premium, such as China Life Insurance’s “Corning Term Critical Illness Insurance” and “China Life Hospitalization Medical Expense Compensation Insurance (2007)”. Take a 0-year-old girl as an example. If she purchases "Corning Regular Critical Illness Insurance" and pays until she is 20 years old, with an annual payment of only 900 yuan, she can buy triple protection of 100,000 yuan in critical illness, severe disability, and death, which will cover her until she is 70 years old. Repay the principal at the age of 70.
Nowadays, children are often hospitalized when they have colds and fevers. The accumulated expenses are not small. When considering purchasing insurance, it is recommended to purchase additional hospitalization medical insurance. In this way, if a child gets sick and is hospitalized, some medical expenses can be reimbursed and a hospitalization subsidy of 20-50 yuan/day is provided, which is still very cost-effective. Children and adults have different disease risk factors, so choosing insurance reasonably can transfer children's medical risks and effectively protect family assets from loss. Such as "China Life Hospitalization Medical Expense Compensation Insurance (2007)".
3. Reserve education fund: In Shanghai, someone calculated an account and found that it costs about 480,000 yuan in study-related expenses from the birth of a child to the time he graduates from college and joins the workforce. This also excludes other expenses such as learning piano. , painting, ball games, tutoring classes and other art categories, as well as children's living expenses and price growth factors, you might as well choose insurance types that increase the insured amount year by year or have dividends to offset some basic inflation and also have an investment effect. . Such as "China Life Hongyun Children's Endowment Insurance (participating type)", "China Life Millennium Talent Endowment Insurance (participating type)", "China Life Happy Life Annuity Insurance (participating type)" and "China Life Elite Children's Insurance".
Strategy 2: Top 10 benefits of insuring children:
1. Risk transfer to ensure a stable family life: If the child is born soon, insure him or her with a children's insurance policy. When he reaches adulthood, this policy is the best gift. From stumbling to steady steps, children have a long way to go. Parents may not be able to protect their children for a lifetime, but they can use life insurance to convey never-ending love and help their children get through every difficulty safely.
2. Cheap premiums: The accident probability of children is lower than that of adults, so the insurance premiums are naturally low. The younger the age, the more cost-effective the premiums paid. For example: the premium for a 30-year-old man is 3.5 times that of a 1-year-old boy.
3. The chance of insurance is greater: the older you are, the more physical problems you have. Diseases caused in childhood can sometimes affect the future. Buying insurance early can avoid being increased or refused insurance.
4. Establish good long-term planning: educate children to understand the items and advantages of life insurance early and instill good risk management concepts.
5. Reduce the burden on children in the future: When the children become adults, the insurance payment period has expired, and they can have multiple protections without paying insurance premiums.
6. Establish education and entrepreneurship funds: Provide education, entrepreneurship, and wedding funds according to the different growth stages of children in high school, college, etc.
7. Tax-saving planning: Life insurance has the right to save taxes.
8. Insurance benefits are completely tax-free: Tax law stipulates that life insurance benefits are exempt from various taxes.
9. Transfer property to children: Transfer property to the children’s names by helping them buy life insurance.
10. Train children to have a sense of responsibility: Develop good values ??in children and help share insurance premiums when they grow up to cultivate a sense of responsibility.
Strategy 3: Nine tips for insuring children
1. Follow the principle of “first go near, then far, first urgent, then slow”. Risks that are more likely to occur during childhood should be insured first, and risks that are far away from children should be insured later. There is no need to buy it all at once, because insurance is also a kind of consumption, and it will also change according to specific circumstances.
2. The payment period does not need to be too long. It can be concentrated before the child reaches adulthood. After he grows up, he can choose a suitable insurance type to insure himself, but the protection period can be relatively long.
3. In Shenzhen, children aged 0-165 can participate in the "China Life Hospitalization Medical Expense Compensation Insurance (2007)". After paying 400 yuan per year for those aged 0-5 and 370 yuan per year for those aged 6-16, they can receive medical insurance of up to 10,000 yuan per year when they go to a designated hospital in Shenzhen. In addition, a few units with good benefits can reimburse part of the medical expenses for employees' children; schools may also provide group accident insurance. When parents insure their children, they only need to make up for the deficiencies.
4. If your child is already in school and has purchased school insurance at school, be sure to pay the fee in time. After all, Xueping Insurance is a group insurance, with low premiums and high coverage. You can also combine the insurance purchased by yourself to provide comprehensive growth protection for your children!
5. Protect adults first and then children. In terms of insurance, it is the most serious misunderstanding to give priority to insuring children and ignore the adults themselves. Adults are the breadwinners of the family and the best "protective umbrella" for children. If you only buy insurance for the children but not the adults themselves, the family is likely to be in trouble when an accident occurs to the adults.
6. Prioritize protection first and then education. 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, which puts the function of insurance before the horse. The probability of children suffering accidental injuries is relatively high, and the probability of having headaches, fever, and hospitalization is much higher than that of adults. Therefore, insurance experts recommend that the order when purchasing insurance for children should be: accident insurance, medical insurance, and children's critical illness insurance. On the basis that these insurances are complete, consider purchasing education insurance.
7. The insurance period should not be too long. For many families who are not particularly well-funded, especially when the adults do not have sufficient reserves for their own pensions, there is really no need to consider the issue of children’s pension. Therefore, when buying insurance for your child, the insurance period should be until the age when he or she graduates from college, and then he should be able to support himself.
8. Do not exceed the insured amount. When purchasing insurance for your child that requires death as a compensation condition (such as term life insurance, accident insurance), the cumulative insured amount should not exceed 100,000 yuan, because the excess amount will be invalid even if the premium is paid. This is a mandatory provision made by the China Insurance Regulatory Commission to prevent moral hazard. In order to earn more commissions, a small number of agents do not give any warning even if the amount insured by their clients exceeds this limit. Therefore, before purchasing commercial insurance for your children, you must first find out what protections are already available? How much of the gap remains to be covered by commercial insurance?
9. Purchase premium exemption additional insurance: It should be noted that when purchasing the main insurance, you should also purchase premium exemption additional insurance. In this way, if the parents are unable to continue paying the premiums for some reason, the protection for the children will continue to be effective.
Strategy 4: Insurance rules at different stages
Generally speaking, the earlier you buy insurance, the lower the premium. It is more suitable for parents and the sooner your children are protected. However, if you start thinking about buying insurance for your children now, the focus and amount of insurance will be different for children of different ages.
1. From the moment she is ready to have a child, the mother should make a plan for the child’s health protection, which can be obtained through a separate maternal and infant insurance or a comprehensive women’s insurance that includes maternity insurance. Insurance, both of which will include coverage for congenital diseases of the baby. Families without sufficient budget can just purchase maternal and child insurance.
2. After the child is born, since the resistance of children aged 0 to 6 years has not yet formed, hospitalization medical insurance can be "purchased" for the baby. However, it should be noted that because the hospitalization rate of young children is very high, the rates of hospitalization medical expenses for this group of children are higher than those of children aged 7 to 18 years old, and even those of young people in their 20s. Therefore, considering the investment cost of insurance, if the family's financial situation is not very good, it is enough to buy reimbursement insurance for hospitalization expenses; if the family budget is sufficient, you can add another hospitalization subsidy insurance, which can make up for the parents' cost of care. Sick children and missed work income, etc.
3. In early childhood, due to the high probability of neonatal death and poor resistance of preschool children, they are prone to some epidemic diseases. However, at this time, the compensation rate of insurance coverage based on death is not high. Generally speaking, the risk insurance amount for minors does not exceed 100,000, but China Life Insurance's "Corning Regular Critical Illness Benefit Insurance" is not subject to this restriction. Therefore, it is recommended to buy more hospitalization medical compensation insurance. Parents who are capable can consider planning for their children’s education funds in advance.
4. Children after the age of 6 have their own time for activities, but their self-protection ability is still poor and the possibility of accidents is high. After the accident insurance, a child’s accident medical insurance is added to cope with accidents. The resulting expenses for outpatient and emergency care, hospitalization, etc. are also good choices.
Due to the great potential for accidents during primary school, investment in accident insurance should be appropriately increased, and savings for future education funds should be considered if conditions permit. Of course, if the family conditions are good, consider saving for future education soon after the child is born, so that the annual premium burden can be reduced.
5. As for critical illness insurance, parents can purchase regular or lifelong critical illness insurance for their children based on their financial strength. Of course, if the baby's family has a history of major genetic diseases, the child should be insured for critical illness insurance as early as possible to prevent the disease from occurring and causing the child to be unable to afford treatment.
Strategy 5: Insurance guide for different financial strengths
1. Average financial strength: You can consider buying accident insurance and medical insurance (subsidized and medical). Children have relatively low awareness of self-protection in the infant and toddler stages and are completely dependent on the care and protection of their parents. The incidence of diseases is also higher than that of adults. At the same time, when children are in kindergarten, elementary school, and middle school, accidents such as car accidents are more likely to occur. Parents can Purchase this type of insurance for your children as appropriate. Once a child has an illness or accident, he or she can receive certain financial compensation. This kind of insurance doesn't cost much but provides good protection. For example, the "China Life Student Card" is very good, with 100 yuan, accident insurance of 100,000 yuan, and 7 major categories of critical illness insurance of 50,000 yuan.
2. The financial strength is acceptable: consider critical illness insurance ("China Life and Corning Regular Critical Illness Insurance"). On the basis of purchasing the above insurance products, add critical illness insurance. Because the burden of high medical expenses for serious diseases is relatively heavy, it often puts a huge financial pressure on a family. In the past, insurance companies refused to insure young children, but this has now been relaxed.
3. Strong financial strength: you can increase education insurance for your children. Education insurance mainly solves the problem of tuition fees for children to attend high school, college or study abroad in the future. It should be said that if parents have strong financial strength, purchasing education insurance is just "forced savings". Its income is slightly higher than that of time deposits, it can avoid interest taxes, and it can provide a kind of family financial planning. For example, "China Life Hongyun Children's Endowment Insurance (Participating Type)" and "China Life Yingcai Children's Insurance".
4. Strong financial strength: you can buy some financial management insurance.
After the above-mentioned protection is complete, if the family's financial strength is really strong and you want to provide your baby with more protection, you may wish to ask the insurance company to provide some financial management insurance types for combination. For example: "China Life Millennium Licai Endowment Insurance (participating type)" and "China Life Happy Life Annuity Insurance (participating type)".
Special Friendly Tips:
1. When "new mothers" and "new fathers" buy insurance for their babies, the insurance premium should not exceed 15% of the policy holder's annual income.
2. If the economy is not particularly well-off, the critical illness coverage of children's insurance can be set at 50,000 yuan to 100,000 yuan, which can eliminate worries about most major diseases.
3. The products of each insurance company are similar, but the packaging combination is different. Therefore, the choice of insurance agent becomes even more important.
4. If you are not satisfied with the insurance contract after comparison, or you hear that there is a more suitable product, you can make full use of the hesitation period (within 10 days of signing the policy) to terminate the contract, and the premium will be refunded in full.
5. After purchasing insurance, remember to take the time to look through the drawers to learn in time what insurance coverage your children have, and to withdraw money on time.
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