For detailed questions, you can directly call China Life National Customer Service at 955 19, and choose the manual desk to serve you. You need to provide your policy contract number, the name and ID number of the insured. The staff will call up your policy information in China Life Insurance System, and your question will be explained in detail.
Four functions of education fund insurance:
1, "premium exemption" function.
The so-called "premium exemption" function means that once the insured's parents are unfortunate, dead or completely disabled, they can no longer afford the insurance premium for their children's education, then the insurance company will pay the remaining insurance premium, and the children's protection will continue and their studies will not be affected.
2. The role of compulsory savings.
Parents can choose the type and amount of insurance for their children according to their own expectations and their children's future education level. Once they insure their children with education fund insurance, they must deposit the agreed amount every year, and they are forced to complete this insurance plan.
Because parents know that if they don't pay the premium as agreed, the insurance will be invalid, and the surrender can only refund the cash value, and the loss is relatively large, so parents will force themselves to pay the premium, which is a means of compulsory savings.
3. Insurance guarantee function.
Education fund insurance mainly provides education funds, but as an insurance, it can also provide protection for the insured, and also has the protection function of insurance, which can provide protection for the insured and the insured in terms of illness, accidental injury and high disability.
4. Dividend financing function.
Education insurance also has the functions of financial management and dividend distribution. It can resist the influence of inflation to a certain extent. Generally, it is paid by installment, and the payback period is longer.