What about return type accident insurance, and why is it not recommended to buy return type accident

Consumer-based accident insurance, pay for 1 year and 1 year, and you can get compensation if you have an accident during the insurance period; There is no insurance and there will be no return of premiums when it expires, and in layman's terms, there is no return.

In contrast, refundable accident insurance can be said to meet the needs of those who do not want their premiums to be wasted, either to be paid out or to be able to get their premiums back at the end of the insurance period.

Consumer accident insurance is paid for tens to hundreds of yuan a year, and if the insurance company has to return it to the customer after expiration, it is obviously not cost-effective for the insurance company. Therefore, insurance companies have made breakthroughs in two aspects, one is long-term protection, and the other is a substantial increase in premiums.

1. Comparison between return-based accident insurance and consumption-based accident insurance.

One of the benefits of returnable accident insurance is that it provides long-term coverage in a lump sum. The benefit of getting long-term coverage at once is probably that you don't have to pick a product and re-insure every year, but that's about it.

After all, consumer-based accident insurance does not need health notice, regardless of past history, as long as healthy people can work and live normally, they can buy it, and there is no need to worry about not being able to buy suitable accident insurance when they are old; In addition, the cost of consumer accident insurance does not increase significantly with age, and the average adult (18 to 55 or 60 years old) is the same.

There may be more cost-effective accident insurance on the market in the future, plus the impact of inflation and other effects, there is no need to buy accident protection for the next few decades at once.

2. The return of premiums for refundable accident insurance.

Some people say that return-based accident insurance is good, because return-based accident insurance can refund the premium, which is equivalent to not spending money to buy protection.

Let's take a look at what the premium return looks like.

If the insured is 30 years old and has taken out a 30-year million* return accident insurance, and the insured is still alive at the end of the insurance period, the insurance company will pay 130% of the premium paid for the main insurance and the insurance contract will be terminated.

After calculation, 130% of the premium will be returned after 30 years, that is, the total premium paid is 19,590 yuan, and 25,467 yuan will be returned. The interest rate on fixed deposits is lower than that of many banks, and taking into account the annual real inflation, the real rate of return has to be discounted.

It is okay to collect interest as a deposit, but if you expect to achieve comprehensive protection and higher returns by purchasing insurance, return-type accident insurance is not the best choice.

Hope the above can be helpful to you!

If it is financial insurance, such as annuity insurance, dividend insurance, universal insurance, etc., and what can really be obtained, that is, the guaranteed income, is generally better than depositing in the bank. If it is critical illness insurance, it is even more unreliable, not only the premium is high and the sum insured is low, but also only the surrender of the policy can receive money, and the premium that has not yet been paid may not be high, so it is not recommended.

Why is it not recommended to buy return-type accident insurance? Is returnable accident insurance good? I'm Deep Blue Insurance, focusing on insurance evaluation! Pay attention to Deep Blue Insurance, teach you to buy insurance and not pick pits

Is returnable accident insurance good? Why is it not recommended to buy? What kind of accident insurance is good? Look at ** and you'll know! I'm Deep Blue Insurance, focusing on insurance evaluation! Pay attention to Deep Blue Insurance, teach you to buy insurance and not pick pits

For people who want to save compulsorily and have investment and financial needs, return-type insurance is worth buying.

Return-type insurance, also known as savings insurance, means that the insurance company will return a sum of money to the insured or beneficiary if there is no insurance at the time agreed in the contract.

Interested friends can click here:

"If something happens, there will be money to pay, and the money will be paid back to you if you have nothing to do - return insurance! 》

If you have a disease, you will lose money, and if you have no disease, you will be returned"These eight words, like a magic spell, attract consumers to follow one after another, is the return insurance really that perfect? Don't rush to buy it first, you must not know these routines of return-type insurance:

1.Small coverage: For example, most returnable critical illness insurance plans only cover death in a traffic accident and do not cover general disability.

2.Return-based insurance** is more expensive: Return-based insurance is often 1 times more expensive than consumer-based insurance.

3.Occupy a budget: I believe that most people do not have too much budget to buy insurance, and if they buy it back, they will not have the money to buy other insurance.

4.Early death or critical illness: If you buy a returnable critical illness insurance and die or become seriously ill before you live to reach the specified return age, then the additional 30%-70% of the annual premium will be considered filial piety to the insurance company.

Like other insurances, it pays out the sum insured and doesn't give you more.

The latest six returnable critical illness insurance products worth buying in 2021 are here! 》

Then again, is return-based insurance really useless? Not necessarily! These kinds of people can still buy it!

1.People who can't save money regard the fixed annual deduction of premiums as compulsory savings.

2.People who have a need for asset allocation, that is, you have enough money and have the budget to invest and manage your finances.

3.People who don't know how to manage money can not only get protection, but also receive a sum of money in the end.

"Seven Return-type Critical Illness Insurance Points Worth Buying! 》

[Written at the end].

I am [Xueba Says Insurance], focusing on objective, professional and neutral insurance evaluation;

I will give you the most professional advice with years of experience in configuring insurance for 10w+ families.

Why is it not recommended to buy return-type insurance? Is return-based insurance reliable? I'm Deep Blue Insurance, focusing on insurance evaluation! Pay attention to Deep Blue Insurance, teach you to buy insurance and not pick pits

What are the advantages and disadvantages of return-based accident insurance? Is it worth buying?

Return-type accident insurance refers to accident insurance that can return a certain amount of insurance money after the expiration of the insurance period, which sounds very good, but this kind of product also has pitfalls, like the following:

1) Disability is not guaranteed.

Most returnable accident insurance plans either only cover death or death + total disability.

Total disability is mainly divided into eight situations:

Total disability cannot be assessed by an individual or an insurance company, but must be assessed by a professional organization.

After all, the probability of death or total disability due to an accident is very small, and it is more likely to cause disability. However, return-type accident insurance only covers death and total disability with a small probability of occurrence, which is very pitiful.

2) Low yields.

Although the refundable accident insurance can return the paid premium and a certain amount of interest when the insurance expires and the insured is still alive, the interest rate is relatively low, generally 1%-2%, which is lower than the bank fixed interest rate.

Therefore, we might as well deposit the money in the bank, and the income at maturity will be higher than that of the returnable accident insurance.

3) Lack of accidental medical treatment.

In our daily lives, we may accidentally fall or be bitten by pets, and the medical expenses incurred due to these accidents can be reimbursed through accidental medical treatment.

However, the return-type accident insurance basically has no accidental medical liability, and ordinary accidental medical expenses cannot be reimbursed, and the practicability is greatly reduced.

4) Premiums are expensive.

Because the product itself has a return function, the return-type accident insurance will be more expensive, and it will also need to be paid for a long time, and there is still economic pressure.

Although return-based accident insurance has several disadvantages above, there are still a few highlights of this type of product:

1.Long coverage period.

Some people prefer return-based accident insurance precisely because it has a relatively long coverage period and can provide continuous accident protection for the insured.

2.Balancing protection and financial management.

In addition to covering death or total disability, the returnable accident insurance can also return the premium and a certain amount of insurance money at the end of the period, provided that the insured is still alive after the expiration of the insurance period.

Sycamore Tree Insurance Network helps you answer your questions

The premium of return-type accident insurance is higher than that of general accident insurance, but accident insurance mainly focuses on low premiums and high sum insured to provide basic protection, so this type of return-type accident insurance is more suitable for young and middle-aged people who have a certain amount of capital accumulation and can afford high premiums. For the vast majority of return-type accident insurance on the market, the million sum insured only covers public transportation accidents and driving accidents, and the compensation coverage for other accidents is low. In addition, in most returnable accident insurances, there is no disability benefit, only total disability benefit, and if the degree of disability does not meet the standard, it will not be paid.

To sum up, when choosing between returnable accident insurance and regular one-year accident insurance, it is best to distinguish protection from financial management and choose a product that better meets your needs.

Most people will think that return-type insurance is better, and there is money for treatment after insurance, but there is no money to return to the capital. Should I choose the return type?

For example, if an insurance product is to pay for 10 years and protect for 20 years, covering water, land and air accidents, etc., the protection is very comprehensive, and you can enjoy 110% of the premium return without claims due. This is the return type, which usually has a higher premium, comprehensive protection, and is returned at maturity. Because it is returned at maturity, it is just like a regular deposit, and there is an additional protection function.

Consumer-based accident insurance products are more suitable for young people who are relatively young and have a growing career. Consumer-based accident insurance is equivalent to spending money to buy protection, which will not be returned at maturity. Compared with the return type, this type of insurance is lower and the sum insured is higher, which is equivalent to spending a small amount of money to buy a large amount of protection.

The exact choice of which one to buy depends on your personal situation.

Hello, buy a return type, Chinese Life has a low-payment, high-protection accident insurance with one by one, due to return premium.

Consumption-oriented, the payment will be less. The return payment will be more, than the beginning of the Pacific Anxingbao, pay 1672 yuan a year to pay 10 years of insurance for 30 years, the amount of insurance is 1 million, and the premium due is doubled.

The return type is slightly higher, but it is guaranteed to be returned according to the contract when it expires; The consumer-oriented payment is slightly lower, and the payment is one year and one year.

Sunshine Life Love Companion is a pure accident insurance with high protection and high returns, with the national certification of 281 disability standard, which is very suitable for you.

Comprehensive accident insurance is preferred, with low premiums and high sum insured.

The ** of the return type is a little higher, and in the long run, it is still cost-effective for the return type.

Hello, it's a pleasure to meet you, I suggest you buy a returnable one, and you can return the principal at the end of the period, and you can pay attention to the million value of PICC life insurance.

Choose according to your own payment ability. The refund contract will be refunded to you at the end of the contract. Consumption money is gone.

Small accident medical insurance and other one or two hundred of the kind of most consumer-oriented, it is recommended to buy all at once, and the value plus insurance accidents are done.

According to your ability to pay, it is best to choose the return type.

Ping An Million Pure Accident Insurance is a returnable type.

There is a wide range of consumption-based and return-oriented.

It is recommended to buy Ping An's millions, return type, and have a million value.

Which do you choose? It is recommended that you buy a returnable one, and your capital will not be lost.

It's good to buy as you need, and there are all kinds of products.