The Wisdom Star launched by China Ping An Life Insurance Company of China Insurance Company is a universal insurance for children. Annuity insurance is the main insurance of Wisdom Star, and the additional insurance is life-long critical illness insurance, accident insurance, accidental medical insurance and whole life insurance.
First of all, I don't advise you to buy universal insurance. Want to know why, you can look at my article published in Internet Insurance Weekly, which has a detailed explanation. I suggest you have a look first.
Next, I will talk about how smart the star is, how much money he can get, and is it worth buying?
First, product evaluation | How about Ping An Smart Star?
Let's take a look at the protection of smart stars:
As can be seen from the figure, the biggest highlight of smart star is:
Can flexibly receive account value. In other words, you can use it in the insurance account according to your own needs, which can be used as an education fund or for starting a business or getting married. Generally speaking, universal annuity insurance can't be collected at will in principle, which is really attractive.
But in fact, the shortcomings of this product can not be ignored:
1. It seems that the protection is comprehensive, but it is worrying.
(1) The insured amount is unreasonable. You can take a look at the following picture about the additional insurance of this product:
Let's not talk about the problem that the life-long critical illness insurance is too low. It is unreasonable to add one-time life insurance as an additional insurance in children's insurance, because life insurance is mainly configured for the pillar of a family, and adding life insurance to children is just superfluous; You should know that the average cost of a serious illness treatment is 300,000. If you use smart stars, the insurance coverage is really too low. Therefore, parents who choose because smart stars have various additional risks should be awake now!
(2) Mild illness is not guaranteed.
Everyone should realize that a minor illness is relative to a serious illness. If a minor illness is not thoroughly treated, it is very likely to deteriorate into a serious illness. Therefore, if an insurance has comprehensive protection for minor diseases and allows consumers to completely treat diseases with the money from claims, then the probability of suffering from serious diseases will definitely decline;
Therefore, I have always suggested that serious illness insurance products with mild symptoms should be considered first. At present, many affordable serious illness insurance on the market provide minor illness protection, but smart stars do not. This deficiency is really fatal.
2. The dividend yield is low. Let's look at the table below:
The joining fee mentioned in the above table is the administrative fee that the insurance company will deduct from the premium; In addition to the initial cost, but also deduct the guarantee cost; Next, I will give you a rough calculation of how much money is left in the universal account:
For example, a 27-year-old man insured a 0-year-old boy with a premium of 7,000 yuan. The principal that can be used in Qian Shengqian in the first year is: (premium) 7000- (initial cost) 7000 * 35%- (guarantee cost) 1467 = 2033 yuan.
After the premium of 7,000 yuan was reduced by layers of screening, only about 2,000 yuan entered the household;
It is also worth noting that the principal-guaranteed interest rate of Wisdom Star is only 1.75%, and the balance treasure of Alipay is almost 2%. The guaranteed interest rate 1.75% dividend yield is too low. Guarantee that the interest rate is lower than the market average interest rate, and it is a pit to deduct the management fee from the premium!
For more shortcomings, in order to save time, we will not continue to expand here; If you want to know more about this insurance, you can read this article:
Second, how much can I get by buying Ping An Smart Star?
Taking the premium of 7,000 yuan as an example, we calculate the guarantee income in the first year, then subtract the initial cost and guarantee cost in the first year, and then multiply the last money by the guarantee interest rate of Wisdom Star: (7000-3500-1467) *1.75% = 35.58, and finally get the guarantee income in the first year.
If you rely on this part of the principal to manage your finances, parents who will save money for their children's education, entrepreneurship and marriage in the future may have to wake up.
3. Is Ping An Smart Star worth buying?
Parents who want to start this insurance should be cautious; It seems to be safe and complete, but it is not satisfactory.
I know that parents want to give their children the best, and the function of the wisdom star that can guarantee financial management is really perfect, but I want to remind you that as an insurance, there is almost no perfection, even universal insurance has its shortcomings; I still advise parents to complete the basic security first, and then consider financial management.
It is not terrible for a child to be ill. The terrible thing is that they have no money to treat them. Finally, I will share with you a popular inventory of children's critical illness insurance. You can compare it: the top ten insurance companies are worth buying hot critical illness insurance inventory!