Parents must read: Is it necessary to buy education fund insurance? How to choose the right product? The focus of this article is:
Is it necessary to buy education fund insurance?
How about education fund insurance?
1. Is it necessary to buy education fund insurance?
Education fund insurance is insurance for the purpose of preparing education funds for children. Simply put, it is to save a sum of money on time every year, and after the agreed number of years, you can receive a sum of money every year as agreed. Mainly has the following functions:
1. Guarantee children's education expenses
Children have a lot of living expenses and education expenses when they grow up. If they want to go abroad for further study, they need more preparation. Parents who have spare money and want to help their children make long-term plans can buy education insurance, which can be used as education funds, wedding gifts and even the cost of studying abroad in the future.
2. Mandatory savings function
Because the education fund is a time deposit, it pays premiums on time every year, and it also has the function of compulsory savings. When children grow up, they can take out the money at the appointed time to support their children to study, study abroad and start businesses, which is more suitable for some unruly parents.
Education fund belongs to investment and wealth management insurance, which requires long-term and stable large capital investment and takes a long time to recover, and is not suitable for everyone to buy. Moreover, it should be noted that education funds are not necessary. If you want to buy education funds for your children, you should first do a good job in basic foundation and accident protection, allocate critical illness insurance, millions of medical insurance and accident insurance, and then consider buying education funds after doing all the basic protection. The basic insurance for children is not expensive either, and it can be done for less than 1000 yuan. You can look at the strategy compiled by the senior sister.
Less than 1000 yuan, take the child's insurance! Second, how about education fund insurance?
Let's take Fosun Prudential's Star Baby Children's Education Fund Insurance as an example to see what the education fund guarantees. Without saying much, let's look directly at the essence of Star Baby Children's Education Fund:
Star Baby Children's Education Fund is a special education fund product with fixed income. Protecting content is relatively simple. Besides death and immunity, it is the education fund. Let's take stock of the advantages and disadvantages of Star Baby Children's Education Fund:
Advantages of Star Baby Children's Education Fund
Advantages of Star Baby Children's Education Fund 1: The insurance threshold is low.
Star Baby Children's Education Fund has a minimum premium of 5,000 yuan. Compared with other 65,438+10,000 and 200,000 education fund insurance products on the market, the insurance threshold of Star Baby Children's Education Fund is still relatively low, and the annual premium pressure is relatively small, which is friendly to consumers with small budgets.
Advantage 2 of Star Baby Children's Education Fund: The longer the payment time, the more education funds you receive.
The payment period of Star Baby Children's Education Fund can be 3 years, 5 years, 10 years. The longer the payment time, the more education funds will be received. The specific collection rules are as follows:
Senior high school education fund: 15- 17 years old, receiving 40% of the basic insurance amount every year, totaling120% of the basic insurance amount;
University education subsidy: 18-2 1 year, receiving 80% of the basic insurance amount every year, totaling 320% of the basic insurance amount;
Education fund: 22-24 years old, receive 100% of the basic insurance amount every year, which is 300% of the basic insurance amount;
Full-term education fund: one-time payment at the age of 30 120% of the premium paid.
Star Baby Children's Education Foundation pays the corresponding education funds in proportion according to the different education funds needed by each age group. At the age of 30, a one-time payment of 1.20% premium can be used as family funds for marriage and other matters, which is quite intimate.
Star Baby Children's Education Fund Advantage 3: Higher rate of return.
Star Baby Children's Education Fund has a good rate of return. We take the 0-year-old baby as an example to demonstrate the benefits of Star Baby Children's Education Fund by paying 20,000 yuan a year for 5 years:
As can be seen from the above figure, the IRR of Star Baby Children's Education Fund is 3.57%, which is still relatively ideal.
Disadvantages of Star Baby Children's Education Fund
Star Baby Children's Education Fund Disadvantage 1: Exemption to protect chicken ribs
The exemption guarantee of Star Baby Children's Education Fund is slim, because the payment period of Star Baby Children's Education Fund is relatively short, and the longest is only 10 year. If you choose a three-year payment period, the meaning of exemption protection is not great.
Generally speaking, Star Baby Children's Education Fund has a low insurance threshold, a reasonable proportion of education funds and a good rate of return. It is a child insurance product worth starting with.
Of course, there are other excellent education fund insurance products on the market. Interested friends can read this article.
Evaluation of 8 education funds with the highest rate of return in 2020!