Can I avoid risks by buying insurance? What is the risk strategy of buying insurance?

The risk cannot be avoided, but we can transfer the economic loss caused by the risk by buying insurance. Buying insurance is actually equivalent to taking precautions and saving a reserve fund in advance for risks that may occur in the future.

When we unfortunately have an insured accident agreed in the contract in the future and meet the conditions for compensation, the insurance company will pay us a sum of money or reimburse medical expenses, which can reduce our financial pressure to a certain extent.

Like today's critical illness incidence is getting higher and higher, the trend of younger people is also intensifying, and with the increase of age, the probability of disease is also increasing.

If a critical illness insurance is configured, then when we unfortunately suffer from the disease agreed in the contract, and also meet the corresponding conditions, we can directly get a sum of money, and this money can be used freely to treat diseases, make up for loss of income, pay off mortgages, car loans, etc., which can greatly reduce the financial pressure on the family.

If you don't know which critical illness insurance to choose, then this list must not be missed: Top 10 popular critical illness insurance points worth buying!

In addition, accident risks are ubiquitous in our daily life, such as falls, burns, traffic accidents, etc., and we have no way to control it.

Purchasing insurance is a risk transfer strategy in risk response. Normally, there are four types of coping strategies for people to respond to the risk: risk avoidance, risk transfer, risk mitigation and risk acceptance (also known as "risk retention"). The practice of buying insurance is equivalent to spending a premium to transfer the economic clearance loss caused by the risk to the insurance company, so it is a risk transfer.

Risk transfer is the transfer of the consequences of risk to a third party, through the agreement of the contract, by the guarantee policy or the first business guarantee.

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

Buying insurance can not avoid risks, and risks can be reserved for hedging, but there is no way to intervene in advance. However, buying insurance can transfer the economic risks caused by various unknown risks, and reserve the means to transfer economic risks for us in advance.

There are many types of insurance, and each type of insurance has a different ability to protect risks, but basically it can achieve the ability to transfer economic risks.

For example, health insurance such as critical illness insurance and medical insurance are types of insurance that provide protection against illness. The former can pay the corresponding insurance benefits to the insured person when he or she suffers from a contracted illness and meets the claim criteria, and the latter can reimburse the reasonable and necessary medical expenses (after deducting the deductible) on a pro-rata basis, both of which have the ability to transfer the economic risk caused by the disease.

In addition to the risk of illness, we may also encounter unexpected risks, such as accidental death, accidental disability, or medical expenses due to accidents, etc., and the economic risks caused by these accidents cannot be ignored.

Accident insurance, on the other hand, can provide corresponding protection for accidents agreed in the contract according to the protection clauses specified in the insurance contract, so as to transfer the economic risk caused by the accident of the insured.

Speaking of which, you can learn about what high-quality accident insurance products are currently worth paying attention to on the market:In 2023, the most worthwhile accident insurance is here

In general, the wind shed foundation and insurance are unknown and incompatible, and it is necessary to obtain the corresponding risk protection ability through the configuration of various insurances and transfer the economic risks brought by various risks. Hope.

Risk-averse. Buying insurance is a change in the plan to eliminate the risk or the conditions under which the risk occurs, protect the target from the risk, spend a small amount of insurance premium, and avoid large financial losses.

When purchasing insurance, consumers should choose protection-based insurance, combined with their actual needs. Insurance can effectively protect the losses that the policyholder may suffer when facing risks, and when purchasing insurance, it must be scientifically selected to achieve real use.

The difference between insurance and risk is a thousand miles.

Insurance is not about avoiding danger. It does not avoid risks. Insurance is just a psychological comfort.

What it can do is to reduce the risk of damage that can be taken as necessary after encountering danger. Insurance can only reduce risk, but it cannot protect against risk.

The human body is constantly changing, and a person cannot guarantee that his body will not have an accident. After all, there are a lot of unexpected events in life. What we can do is to keep ourselves safe as much as possible.

Then insurance is one of them. With insurance, we are not safe, but have more protection against risks.

Risk is an unexpected event that can happen at any time. This is the physical, financial loss that we suffer under certain circumstances. There is a lot of uncertainty about how this kind of event happens.

It doesn't have anything to do with whether you have insurance or not. The only difference is that with insurance, you are much more resilient to risk than if you didn't have insurance. With insurance, you can get a part of the compensation or protection in case of risk.

This amount allows you to receive a subsidy when you are hospitalized, and you will not be delayed because you have no income**.

Insurance and risk coexist. Insurance is for dealing with things after a risk has occurred. Risk is isolated and does not depend on the presence or absence of insurance.

Without insurance, it is equivalent to having no armor and being destroyed on a large scale at risk. Having insurance is equivalent to wearing a piece of armor for yourself, and it is good to have a protection in case of risk.

Buying insurance does not make the risk disappear, but it can better protect your property and body from harm. The most important thing is to keep your property safe. The damage to the body is irreparable, but the damage to property can still be remedied.

That's the benefit of buying insurance. If you buy insurance, you have a cover.

Danger and risk are different concepts, so buying insurance can not avoid danger, buying insurance can only resolve the risk, reduce the risk, if there is no insurance, when the risk comes, you can only resign yourself to fate.

If there is a relationship, and the risk is relatively large, you should buy insurance, so that you can avoid risks, and after buying insurance, you can appropriately reduce some dangers.

The insurance has been filed with the China Banking and Insurance Regulatory Commission and is reliable. Whether insurance is risky depends on what kind of insurance you have purchased. If you buy protection insurance for cracks, then there is generally no risk. If you buy wealth management insurance, there is a certain risk of income.

Protection insurance, generally refers to critical illness insurance, medical insurance, accident insurance and life insurance, etc., these insurances mainly focus on protection. For example, medical insurance, medical insurance is mainly to reimburse medical expenses that cannot be reimbursed by medical insurance, and is a powerful supplement to medical insurance. When the insured incurs medical expenses due to illness, accident, etc., if the insured meets the claim conditions, the expenses exceeding the deductible can be reimbursed to a certain extent, reducing the loss of our medical expenses.

This type of insurance is usually payable as long as you are eligible for a claim. The premium of million medical insurance is generally a few hundred yuan, and those in need can read this article:The latest top 10 million medical insurance rankings are newly released!

If it is financial insurance, such as universal insurance, participating insurance, and investment-linked insurance. In this kind of insurance, the income is unstable, and there is a certain risk of income. For example, universal insurance is generally in the form of universal account + income, and the minimum guaranteed interest rate of the universal account is generally between, and the insurance company does not guarantee the income that exceeds the minimum guaranteed interest rate, so the excess income is unstable.

In addition, when the premium enters the universal account, the initial fee needs to be deducted, etc., you can see this article for details:How much money can I make by buying universal insurance? Don't be sold, it's a happy ......

If you want to have a stable income and have a financial nature of insurance, you can consider annuity insurance or increased whole life insurance. Annuity insurance is to pay the premium to the insurance company, and after the agreed time is reached, the insurance company will pay the annuity regularly until the death or expiration of the insured. The income of annuity insurance is stable, and it will not be affected by the economic downturn.

Therefore, when we buy annuity insurance, we should pay attention to its internal rate of return. Generally, it is better for the internal rate of return to be close. The senior sister has sorted out a few good annuity insurances, if you are interested, you can take a look:

Top 10 Annuity Insurance Rankings Want to buy high-yield annuity insurance? Don't miss out on these 10 again! Hope.