Briefly describe the difference between insurance and savings, and the difference between insurance

1. The nature is different.

Saving is the accumulation of money or things that are saved or temporarily not used, and mostly refers to saving money in the bank. Savings deposits are an important asset for credit institutions**. The development of savings business can, to a certain extent, promote the adjustment of the proportion and structure of the national economy, gather funds for economic construction, stabilize market prices, regulate currency circulation, guide consumption, and help the masses make arrangements for their lives.

Insurance refers to the commercial insurance behavior of the insured paying insurance premiums to the insurer according to the contract, and the insurer bears the responsibility of compensating for the property losses caused by the occurrence of accidents that may occur as agreed in the contract, or the insured bears the responsibility of paying insurance money when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract.

2. The characteristics are different.

The motivation for saving arises from the balance of the consumption part after the individual obtains the income. This part of the balance forms the material prerequisite for an individual to be able to save. At the same time, the purpose of saving is for future consumption, which also shows that the idle nature of the savings object is temporary.

From an economic point of view, insurance is a financial arrangement for apportioning the loss of an accident; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses.

3. The risks are different.

There must be a risk in the insurance. The purpose of establishing an insurance system is to deal with the occurrence of specific dangerous accidents, and there is no insurance if there is no risk. In order to apply the principle of large numbers, the risks that may benefit are not insurable, so commercial insurance institutions generally do not cover such risks.

The risk of savings is low, and it is "voluntary deposits, free withdrawals, interest-bearing deposits, and confidentiality for depositors". The cash held by individual residents is personal property, and no unit or individual may force it to deposit it in any way or not allow it to be deposited in a savings institution.

Encyclopedia - Savings.

Encyclopedia - Insurance.

First of all, insurance is to compensate for the losses of a few people with the premiums of many people, which reflects an act of mutual assistance. However, saving is a way of using principal and interest, maintaining a reciprocal relationship with each depositor, which is a self-help behavior.

Second, insurance is conditional on a certain group of people. It has a group of policyholders, but savings are based on individuals and units, and they are unilateral acts of oneself and have nothing to do with others.

The third difference is that the purpose of insurance is to deal with the loss of unexpected disasters and accidents, and the main purpose of buying insurance is to return to the source and dismantle the insurance for future risks; To a certain extent, savings can also be used to deal with future accidents, but the psychology of savers is still mainly to use their savings for expected and future expenses, such as buying a house, getting married, etc.

Fourth, the benefit period of insurance and savings is not the same. Insurance is defined by the insurance contract for the benefit period, and during the validity period of the insurance contract, no matter when the accident occurs, it can be compensated. However, the benefit period of savings is limited to the return period of principal and interest, that is, if the principal is high enough, then this return period may be long, then the benefit period will be very long; However, if the principal is small, the benefit period may be very short, and the savings will be spent quickly.

Therefore, the relationship between insurance and savings is mutually and partially substituting.

Insurance and savings are both about using current funds to prepare for the future. There are also significant differences between the two, which are mainly compared here with long-term life insurance and savings

1.Insurance is to share the losses of a small number of insured accident victims among all policyholders; Saving, on the other hand, is when an individual sets aside a portion of his or her wealth for the future.

2.The properties of the two are different. Insurance emphasizes "protection" and "leverage", and whether or not it can be paid depends on whether an accidental insured event occurs.

In the event of a multi-insurance accident, the insurance money received may be much higher than the insurance premium paid; Savings, on the other hand, emphasizes "stored value", and the principal and interest are obtained when withdrawing.

Extended reading: [Insurance] How to buy, which is the first best, teach you to avoid these insurance"pits"

1. The morphological file attack is different. Insurance is to share the losses of a small number of insured accident victims among all policyholders, that is, the majority of policyholders jointly bear the risk of a small number of accident victims; Savings, on the other hand, is when an individual sets aside a portion of his or her wealth for the future.

2. The functions are different. Insurance emphasizes "protection" and "leverage", and whether or not it can be paid depends on whether an accidental insured event occurs. Savings, on the other hand, emphasizes the "stored value of the elder brother", and the principal and interest are obtained when withdrawing.

3. The nature is different. The occurrence of insured events is uncertain, while the savings are real and objective.

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Insurance is a much-needed savings! It can help you solve problems in times of crisis! Fall on one's feet! With the function of saving, it has an additional protection function than savings!

Saving is simply saving money and taking it out when it is due! It doesn't have the function of insurance! If you have a lot of money to save in the insurance, but it depends on whether you can buy insurance, there is an age limit for insurance!

Insurance is about paying for the future, and saving is about putting idle money away.

Summary]: Insurance and savings are two completely different ways to manage money, but what are the differences between the two? Here's how they differ.

Some friends compared many products when choosing insurance, and found that it was more convenient to keep money in the bank, and unconsciously walked into a misunderstanding. In the past 30 years of China's rapid economic development, the income of the common people has been increasing, and the channels of economic income have become more and more abundant, and it is no longer uncommon for banks to have deposits. According to national statistics, in 2009, China's total bank deposits have reached an astonishing 22 trillion yuan.

There are more and more wealthy people, and this is also one of the achievements of reform and opening up in the past 30 years or so. As an indispensable way for people to live a financial life, why is savings used as a way of comparison when people consider buying insurance? Whether we really understand the difference between the two or not, we can make an objective explanation and analysis.

First of all, what is saving? To put it simply, closed front savings means that we find a safe place to save the money we save, and this place is the bank. We put our excess money in the bank, and the bank is giving us very little interest, making our money feel that the number is growing, which is better than putting it at home safely and profitable.

And bank savings are an essential part of our lives. Because, if we spend all our money, or invest all the rest of it, we don't know what to do when we need it urgently. So to summarize, the advantages of saving are as follows:

1. Access and access, flexible and safe; 2. There is interest and income (but at present, interest is difficult to outpace the shrinkage of deposits caused by inflation); 3. Ensure the safety of the principal, even if you choose to withdraw the principal in advance with regular savings, it will not hurt the principal; 4. I feel good psychologically, and when I see the increasing amount of storage on the passbook, my heart is steady! There may be many more advantages, but here are a summary of the main ones. In short, saving is an indispensable part of our family finances.

However, if we use savings instead of insurance, this makes a big difference. In fact, the functions of savings and insurance are independent of each other, and they overlap in form. The function of savings cannot be replaced by insurance, and likewise, the function of insurance cannot be replaced.

And part of the form of insurance is savings. Then the function of insurance is to protect the risk when it occurs, reduce the loss of the parties, and the greatest significance is to make a big deal with a small one. If you confuse insurance with investment income, then you are going into a mistake again.