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As the name implies, education fund insurance is the insurance to protect children's education. Usually, the guarantee period is two stages: high school and college. It is mainly to return funds every year when children enter high school or university for their educational expenses. There is also a lifelong model, which can guarantee the life of children and return funds every few years. Children can be used as education funds during school and can be converted into pensions when they are old. Some education fund insurance also has the function of critical illness protection or premium exemption, but its main function is to protect education regardless of its type.
Health insurance is mainly critical illness insurance and medical insurance, which is divided into short-term and long-term. Critical illness insurance can generally cover 25 kinds of major diseases, and some insurance products are as many as dozens, mainly focusing on major diseases within the scope of protection confirmed by the insured. The amount of compensation is as high as hundreds of thousands, which can pass on some disease risks for children. Medical insurance mainly covers some daily diseases, usually in the form of hospitalization allowance or reimbursement of medical expenses. These kinds of insurance have their own advantages and can be chosen according to the actual situation. If you want to plan your child's future education, you might as well buy an education fund. If you want to ensure your child's health, you can also choose to buy critical illness insurance or medical insurance.
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