Insurance is divided into financial insurance and consumer insurance: financial insurance is also called capital withdrawal insurance. The amount-refundable insurance can usually get back the principal after the insurance expires, because the premium of this kind of insurance is usually high, and the actual guarantee is only to pay the cost through the interest of this premium, so the contract may get back the principal or the principal plus interest when it expires. Consumer insurance often can't get back the principal after it expires, because the premium of this kind of insurance is very low and the leverage is very high. A few hundred yuan can buy tens of thousands of yuan of protection, and you can get high compensation if something goes wrong during the insurance period. If there is no accident, you will basically get nothing. If you buy financial insurance, don't worry, you can get the principal back later.
Consumers need to pay attention to the following matters when purchasing insurance: from the bottom of insurance to the top. The first layer of health insurance, including critical illness insurance; The second layer of accident insurance includes accident injury insurance and accident medical insurance; The third layer of medical insurance, including hospitalization insurance; The fourth layer of savings insurance includes children's education insurance. Endowment insurance; The fifth layer of investment insurance. The terms of the contract should be read clearly. Insurance contract is the only reference document when we settle claims, and it is also the only certificate to safeguard our legitimate rights and interests. Therefore, be sure to read the terms of the insurance contract clearly. Tell the truth. At all times, people should be honest and trustworthy, and so should buying insurance. And if we don't tell the insurer the actual situation of the insured when buying insurance, the insurance company can refuse to pay compensation.
The expiration date of insurance generally contains two meanings, one is the expiration of payment, and the other is the expiration of protection. There are many situations when the guarantee expires. In an insurance contract, the guarantee expires and the contract is terminated. If the applicant wants the insurance company to continue to provide insurance, he needs to apply to the insurance company again, and the insurance company can continue to insure after agreeing to underwrite. At present, in the market, different insurance products have different expiration dates, including lifetime guarantee and fixed-term guarantee. We generally recommend that the longer the warranty period, the better.
The characteristics of insurance are: voluntary, the legal relationship of commercial insurance is established by the insured and the insurer voluntarily concluding an insurance contract on the basis of equality, mutual benefit and consensus; Commercial insurance is profitable and a commercial behavior. No matter what organizational form the company takes, it is for profit. From the business scope and the principle of compensation and payment of insurance benefits, commercial insurance includes both property insurance and personal insurance. If you invest a corresponding amount of insurance premium, you can get a corresponding amount of insurance benefits within the scope of insurance value.