How to plan for your child s education insurance?

Education insurance is a long-term insurance product that provides protection for children aged 0 to 18, and has the advantage of buying the premium lower the earlier you buy, so it is a good choice to plan education insurance for five-year-old children. As for the question of how to buy, it is recommended that you choose reasonably according to the actual financial situation of the family and the specific education plan and security needs of your child, and the one that suits your child is the best. Ping An Health Insurance recommends that you pay attention to the following points before applying for insurance:

1.For most parents, the cost of a child's college education is often higher than the cost of their child's adulthood, so it is a good idea to focus on college education insurance when buying education insurance for your child.

2.Combined with your child's actual protection needs, comprehensively compare the relevant products of each insurance to choose.

Double 11, I (want) 1 welfare, 1 health.

Product: Ping An e-Health Insurance Plus

6,000,000 medical coverage.

Ages 0-60 are eligible.

As low as Tianyuan.

eLife Insurance Plus is open until the age of 65 while the insured shares are sold out)1, Activity Rewards:

1) If the same insured user exceeds 500 yuan, he can get the physical examination card service.

2) The user (new) can receive 100 yuan for binding the card.

3) On Double 11, customers with November birthdays will receive an additional 500 yuan in phone bills for purchasing insurance (limited to the first 20 customers).

4) The first 11 card-bound users on Double 11 can get an additional 500 yuan JD e-card.

Xueba said that insurance, only help parents who want to buy the right insurance for their children! This year, the comparison table of 136 best-selling children's critical illness insurance has been updated, you can click to take a look, which can help you choose your child's insurance.

How to buy insurance for your childThis problem has always been a problem that stumps tens of millions of parents, today let's take a good look at what insurance should be bought for children! Follow these three criteria::

First, the country's medical insurance must be handled!

After the child is registered, it is necessary to handle the neonatal medical insurance (urban and rural residents' medical insurance) as soon as possible, whether it is a major illness or a minor illness, the basic medical insurance is particularly important, which is why medical insurance is called the first type of national insurance.

Second, if you plan to buy commercial insurance, critical illness insurance + medical insurance + accident insurance, this is my advice to you.

First of all, critical illness insurance, which provides a relatively long period of protection. Secondly, critical illness insurance is paid directly in cash after getting sick, in addition to solving the best expenses, it can also solve many hidden problems caused by illness, such as taking care of sick children, economic losses to the family, all need money, after all, as the saying goes, money is not everything, but no money is absolutely impossible. Buying a pure protection critical illness insurance can solve these problems in the future.

In addition, medical insurance can be used to reimburse the medical expenses of children's usual medical treatment, for example, with a 0 deductible hospitalization medical insurance, as long as one or two hundred yuan per year, you can buy an insurance amount of 10,000 yuan, which is very cost-effective.

Finally, let's talk about accident insurance, children's accident insurance is very cheap, as long as it is sixty or seventy yuan a year, you can buy 200,000 yuan of protection, which can protect children from disability, death and medical liability caused by accidents, which is particularly practical.

Third, what insurance should not be bought for children?

Don't give your child life insurance, and try not to consider critical illness insurance with both liabilities attached. The specific reasons I know are in this answerHow to buy child insurance without being cheated? You'll know when you see it!

has been introduced in detail, because it has been written in detail in the manuscript, so I won't spend too much time introducing it here.

According to the idea I gave you to configure insurance, if it is for the child to configure regular protection, you can get it for 1,000 yuan per year, if you buy lifelong protection, it is only two or three thousand per year, which is very cost-effective.

That's all for me"How to calculate the insurance for the child's education"

As an effective financial tool for family education, children's education insurance is indispensable for allocation. Although under the current financial investment environment, there are many financial investment tools for children's education, such as: 1

education savings that can be tax-exempt; 2.You can enjoy the long-term compound interest effect and dilute the investment risk. 3.Treasury bonds, money markets, bank wealth management products, etc., with stable investment returns, but children's education insurance, as a good financial investment tool to raise education, has irreplaceable product advantages of other financial investment tools.

As an irreplaceable product feature of education insurance, children's education insurance is mainly reflected in the following aspects: 1. Establish children's education and entrepreneurship as soon as possible. 2. The underwriting opportunity is large and the premium is cheap.

3. Reduce the burden on children in the future. 4. Transfer property to children. 5. Risk transfer to ensure the stability of family life.

Consider saving for a guaranteed education for your child**.

Children's education insurance can be bought like this:

1. Parents should first calculate the corresponding cost: the specific method is to compare which insurance product has higher protection and better income when the cost and term are the same, which is what we call cost-effective.

2. When purchasing education insurance, you should take into account the protection function: If the education insurance purchased can take into account the protection function to cope with the risks of possible illness, disability and death in the future, it can provide the child with protection against illness and accidental injury and high disability.

3. The coverage should preferably include college education funds: children's college education expenses account for the largest proportion of the total family expenditure, and they are also the most headache for parents. Therefore, it is advisable to purchase an education insurance plan that includes college education benefits.

4. Dividend-paying education insurance is more cost-effective: Dividend-paying education insurance can resist the impact of inflation to a certain extent, and it is generally paid in multiple installments with a relatively long return period. Increase your family's income while saving for your child's education.

In addition, because the interest rate on bank deposits has been raised recently, it seems that the income of the policy is not ideal, in this case, if you buy children's education insurance, it is best to buy a product with a dividend function, so that even if the market interest rate is adjusted or fluctuates, the insurance company can be flexibly adjusted through the dividend of the insurance to ensure the best interests of customers. At the same time, you can choose a local insurance company in the same city to apply for children's insurance.

Test your anti-risk index, experts will interpret it for you for free!

Education insurance, also known as education insurance, children's education insurance, children's education insurance, is an insurance company launched by insurance companies for children aged 0 (28 days old and discharged from the hospital in good health) 17 or 30 days old 14 years old, for the purpose of preparing children for education**. Education insurance is a type of savings insurance, which has the role of compulsory savings and has a certain protection function.

Education insurance is an insurance for the purpose of preparing children for education**, and provides corresponding insurance benefits for the educational needs of children at different stages of growth. Faced with the dazzling array of education insurance products and complex insurance product terms on the market, many parents are skeptical.

What are the advantages of education insurance?

Education insurance is a type of savings insurance, and one of its advantages is that it has the role of compulsory savings and special funds. Parents can choose the type and amount of insurance for their children according to their own expectations and the level of their children's future education, once the education insurance plan is established for the child, it is necessary to deposit the agreed amount every year or month, and after the child reaches a certain age, no matter what happens (family bankruptcy, death of guardians, debt collection by creditors) can ensure that the child gets the money, and the insurance company pays a certain amount of education money on schedule.

Finally, education savings are exempt from interest tax, and many education insurance policies have a dividend function to resist inflation to a certain extent. And it is generally paid in multiple installments, and the return period is relatively long.

What are the shortcomings of education fund insurance?

Poor flexibility of funds and low returns.

Compared with the wealth management products on the market, its flexibility is poor and the income is low. The premium of education insurance is usually relatively high, and once the funds are invested, it is necessary to pay the premiums to the insurance company regularly according to the contract, which is a long-term investment. If the family has a large expenditure item in the next three to five years, such as buying a car and a house, it is more likely to be affected.

At the same time, education insurance is a principal-guaranteed savings insurance, with low returns, and generally China's dividend products, which are almost the same as the income of savings, about 2%-3%, which is not the best choice for investment and financial management.

Basic protection for children is insufficient.

Most parents regard education insurance as the first product to buy children's insurance, but they often ignore that the biggest risks in the process of children's growth are accidents and health problems.

It is recommended that parents can purchase children's protection products when purchasing education fund products

For parents who have a certain amount of wealth accumulation, they can increase the purchase of long-term and stable children's health insurance to provide long-term health protection for their children, such as millions of medical products, lifelong health insurance, etc.

Education fund insurance is long-term, guaranteed, guaranteed and compulsory planning, and can be used for special purposes, so as to plan children's education funds comprehensively and prudently. However, if risk-averse parents want their funds to be fully utilized, they can consider insuring additional wealth management products for children's protection products, and the expected rate of return of common wealth management products in the market can reach 6%-15%. When parents purchase education insurance for their children, they need to consider the choice according to the family's actual income, investment preferences, and future planning, so as to achieve the purpose of providing comprehensive protection for their children.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Advantages of Children's Education Insurance:

1. Ensure children's education.

The primary purpose of education insurance is to provide long-term, continuous and stable protection for children's education. The education cost of cultivating an excellent child is a large expenditure, and if the family economy changes during this period, it is easy to affect the child's academic future, so according to their own expectations for the child, the education insurance can be configured in advance, which can provide a strong financial support in the child's future learning process and avoid affecting the child's education due to unexpected situations.

2. Capital accumulation.

Education insurance can prompt us to set aside a part of our income every year as a special education project, which can reduce some unnecessary consumption to a certain extent, restrain excess consumption desire, and accumulate capital for children's education. After all, education, as a rigid expenditure, is a major expense that every family will face, and it can provide sufficient financial guarantee for the development of children by allocating education insurance.

3. Premium waiver.

Some education insurance also has the function of "premium waiver", which means that when the policyholder loses the ability to pay due to accidents during the payment period, the insurance company will waive all unpaid premiums, which is equivalent to the insurance company continuing to pay the premium on behalf of the policyholder, and when the contract is specified, the insured can still receive education** and successfully complete his studies.

4. Cultivate children's insurance awareness.

Parents can communicate and negotiate with their children to use their children's New Year's money to pay for education insurance, which can not only prevent children from spending money indiscriminately, but also instill in their children the concept of accumulating capital for the future and using insurance to improve protection, and slowly cultivate children's insurance awareness and healthy consumption concepts.

Extended reading: What are the precautions for choosing children's education insurance? After reading this, I finally understood.

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