1, children's accident insurance-guaranteed children's insurance

The characteristics of insurance: low premium, high security and no return.

Applicable family: basic purchase, only accidental injury.

Tips: Buying this kind of insurance doesn't mean that you don't have to worry about your child's safety. It just means that you can get some financial help and compensation after your child has an accident.

2. Children's health insurance-guaranteed children's insurance

The characteristics of insurance: low premium, high security and no return.

Applicable family: basic purchase, children's physique is weak.

Tips: The younger the insurance age in critical illness insurance, the cheaper the premium. In the past, many companies stipulated that people over 18 could buy critical illness insurance, but now children under 16 can also buy this insurance.

3, children's education savings insurance-savings children's insurance.

The characteristics of insurance: regular fixed payment, more deposits and more returns, and protection beyond savings.

Applicable families: targeted medium and long-term reserves.

Tips: At present, many insurance companies design education funds together with children's death protection. Compared with simple investment channels such as savings, buying education insurance has an extra layer of protection function. In addition, buying insurance can also achieve the purpose of reasonable tax avoidance to a certain extent.

4. Children's investment financial insurance-investment children's insurance.

The characteristics of insurance: the premium and the insured amount are independent, which can be withdrawn at any time, and there are benefits besides the guarantee.

Applicable families: families with higher premium budget.

Tips: As a new insurance, insurance company sales staff usually encourage parents to try to buy it. Although this insurance coverage is comprehensive, parents should consider the actual needs before taking out insurance, especially whether to buy again.

How to insure children?

1. Correctly treat the position of children's insurance in the whole family insurance.

Who should a family insure first? Family insurance should be based on husband and wife, supplemented by children. Adequate accident, medical, serious illness and life insurance must be provided for both husband and wife, especially the breadwinners of the family, so as to ensure that the children can survive and continue to receive a good education through the financial support provided by insurance when the parents' financial resources are interrupted. If parents enjoy relatively sound protection at work and have bought enough commercial insurance for themselves, they can consider buying more insurance for their children.

2. Be sure to know your child's student insurance first to avoid buying insurance repeatedly.

Before considering buying insurance for your child, you should know what insurance your child already has to avoid spending unnecessary money. Therefore, it is suggested that parents who have insured their children at school should first understand the specific protection clauses of these insurances, then see what protection their children lack, and then purchase these insurances as a supplement. This can also supervise the behavior of some schools that charge premiums and don't insure students at all.

3. Different ages have different insurance priorities.

Generally speaking, the earlier you buy insurance, the lower the premium, but for children of different ages, the focus and amount of insurance are different.

In early childhood, due to the high probability of neonatal death and poor resistance of preschool children, it is easy to get some epidemic diseases. The insurance with death as the payment condition is not high in payout ratio at this time. Generally speaking, the age of death is less than 1 year, and the proportion of compensation accounts for 20% of the insured amount. 1 children over one year old but under two years old, the payment ratio is 40%; For children over 2 years old and under 3 years old, the payment ratio is 60%; For children aged over 3 and under 4, the payment ratio is 80%. Only when you are over 4 years old can the contribution rate reach 100%. Therefore, it is suggested to buy more insurance for hospitalization medical compensation. Parents who have the ability can consider planning their children's education funds as early as possible. In the primary school stage, due to the large hidden dangers of accidents, the investment in accident insurance should be appropriately increased, and the saving of future education funds should be considered when conditions permit. Of course, if the family conditions are good, we should consider saving the future education funds soon after the birth of the child, which can reduce the annual premium burden.

If the child has reached the age of 14/5 and has not bought educational insurance products, there is no need to limit it to children's insurance at this time, because some non-children's insurance products can be bought at the age of 16 or 14. Among these types of insurance products, dividend-paying products with shorter time intervals should be selected, which can also replace education funds to some extent. Of course, you can also consider universal life insurance with very flexible payment and withdrawal. This kind of insurance is not only guaranteed, but also has high investment. Adults and children can benefit. At the same time, accident insurance and medical insurance of this age group are also indispensable.

4. Child insurance amount

In order to protect the interests of minors, the maximum insured amount for children with death as the payment condition is limited to 6,543,800 yuan. Therefore, if you apply for insurance in different insurance companies, you should pay attention to the limit of the total insured amount, because once the limit is exceeded, the insurance company has the right to refuse to pay the premium. Children's health insurance, medical compensation and other types of insurance that do not pay for death can be insured beyond this limit. In addition, some insurance companies consider this restriction and stipulate in their clauses that if the insured dies, they will pay five times the insured amount. This does not violate the insurance limit, but also enlarges the guarantee function. This kind of insurance can also be considered as increasing protection.

5. How much does it cost to buy insurance for children?

The premium expenditure of the whole family should be about 10-20% of the total family income. As mentioned above, most of the insurance expenses should be used to cover the financial support of the family, not the children. Therefore, the child's premium expenditure should not exceed 10% of the total family income as far as possible, depending on the parents' income level and income source. If both husband and wife have social security and medical insurance, but do not buy commercial insurance, and their income mainly comes from their own work income, rather than investment income, then the risk coefficient is large. Once an accident leads to death or loss of work ability, it will lead to income interruption and bring huge losses to the family.

Therefore, you should buy accident insurance for yourself and provide adequate protection for your family. In addition, in order to enable couples to enjoy a higher quality of life after retirement, we should also make a good pension plan as soon as possible. Medical insurance can choose to buy critical illness insurance to solve worries. In this way, your own premium expenditure will be high, and your child's premium will be appropriately reduced. You can consider insurance with premium exemption clauses.

6. Do I need to buy life insurance for my children?

Parents should buy insurance for their children from the perspective of providing protection for their children's education expenses and normal life, instead of doing everything, even the protection of their children as adults should be considered together. Even plan for the child's pension. Children will naturally have jobs and income when they grow up, so they can make their own insurance plans, which can also establish their sense of responsibility. If parents invest too much in their children's insurance and neglect their own protection, it will not be worth the candle. In addition, when insuring children's critical illness insurance, we should pay attention to the diseases that children are prone to. The more diseases that are not insured, the better. Some are only suitable for adults with serious diseases. If children's insurance is included, the premium may be wasted.

The misunderstanding of insuring children.

One of the misunderstandings: buy insurance for children first, adults are not in a hurry.

Many parents think that children are weak and need more protection, so they give priority to children and ignore adults in insurance. This is the most serious misunderstanding.

Adults are the economic pillar of the family and the best umbrella for children. If you only buy insurance for your children, but adults don't buy it themselves, then if an accident happens to adults, the insurance company will not pay any money, so the family is likely to get into trouble and the children's future education will not be guaranteed. Therefore, we believe that adults should insure themselves first and then insure their children.

Myth 2: Pay more attention to education than protection.

Many parents spend a lot of money to buy education insurance for their children, but don't buy or ignore accident insurance and medical insurance, which puts the cart before the horse. Because children are still young, the probability of accidental injury in hospital is much higher than that of adults. Parents are usually willing to do their best to provide the best medical conditions for their children, so the medical expenses will be considerable.

Therefore, insurance experts suggest that the order of buying insurance for children should be accident insurance, medical insurance and critical illness insurance for children. On the basis of all these insurances, consider buying education insurance.

Myth 3: The insurance period is too long to take care of yourself.

Buy insurance for children, the insurance period should be at the age of graduating from college, and then you should stand on your own feet.

Myth # 4: Too much accumulated insurance coverage and too much protection.

If you take out insurance with death as the compensation condition for your child (such as term life insurance and accident insurance), the accumulated insurance amount shall not exceed 6,543,800 yuan, because even if the premium is paid, it will be invalid. This is a mandatory requirement made by the CIRC to prevent moral hazard.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.