Classification of education insurance
From the perspective of product warranty period, it is mainly divided into life-long type and non-life type. Non-lifelong education fund insurance generally belongs to the real "earmarked" education fund product, that is to say, the return of insurance money depends entirely on the children's education stage. Usually, every year, the funds will be returned at two important time points when the child enters high school and university, and then the fees and account value will be returned at one time when the child graduates from university or starts a business, so as to help the child get a stable financial support at every important education stage. However, lifelong children's insurance will take into account the changes of a person's life, and education fund is only one of the considerations.
Collection of education insurance fund
Generally, there are three cash return methods for children's education insurance.
The first is to return a certain amount every few years from the date of payment;
The second is to return it every year from a specific point in time, such as children entering high school or university;
The third is a one-time return at an agreed time, such as entering a university or graduating from a university.
Education fund collection
It depends on what kind of education insurance you buy for your children. Different types of insurance contributions and years will affect how much money you can get when it expires. Buying children's education insurance must be based on the actual situation. The higher the coverage, the better. If it is too high, it may affect family life or late payment. The Children's Education Insurance (B) Contract consists of 19, which consists of an insurance policy, additional clauses, statements and annotations, and written agreements related to this contract, such as application forms, approval forms, reinstatement applications and health statements. Anyone who has reached the age of 20 to 50 and is in good health can apply to China Life Insurance Co., Ltd. as an insured for his healthy or dependent children under the age of 17.
The average insurer survives to the effective corresponding dates of 18, 19, 20, 2 1, and the insurance company will pay the education insurance premium according to the insurance amount included in the policy every year. Generally, when insuring, the insurance policy will clearly state how much insurance money to receive. Generally, it depends on what kind of products you choose, and the amount of insurance will be different. For specific insurance benefits, you can consult relevant experts or customer service staff of insurance companies.
After the insured is old enough to receive the education fund, he can collect it at any store of the insurance company that purchased the education fund insurance, and he needs to bring the insurance contract and the identity certificate of the insured. If you can't get it in time after the expiration, we will pay the interest for you according to the cumulative interest calculation method, and then pay it together.