? The function of insurance protection
Children's education fund insurance can guarantee any one or several insurance liabilities according to the agreement between the insurance company and the insured. The first is the insurance premium for primary education. From 6 to 1 1 on the corresponding day when the policy for one-year-old children takes effect, the insurance company will pay the insurance premium for primary education according to the amount agreed in the policy. The second is junior high school education insurance, which is paid according to the agreement on the corresponding day from 12 to 14 years old children's insurance policy takes effect. The third is the insurance premium for high school education. 15 to 17 children will pay the corresponding amount of high school education insurance premium on the corresponding day when the policy is made. Fourth, college education insurance premium. 18 to 2 1 on the corresponding day when the policy for one-year-old children comes into effect, pay the agreed amount of college education insurance premium. The fifth is the marriage insurance premium, which is paid on the corresponding day when the child's 22-year-old policy takes effect.
Insurance premium exemption function
Parents are unlikely to stay with their children all the time. If the parents die or are highly disabled due to some factors during the child's growth, the family will not be able to pay the education premium that has not yet expired. Insurance companies will waive the remaining premiums and pay them on their behalf, so that children's future education expenses can be guaranteed and the phenomenon of dropping out of school because they can't afford tuition fees can be prevented.
Compulsory saving function
When parents buy education insurance for their children, they can decide how much premium they should pay according to their family's economic situation and expectations for their children. Because once the education fund insurance comes into effect, it must pay the premium monthly, quarterly or annually according to the contract and make compulsory savings, so as to ensure the successful completion of the education fund savings plan. This compulsory saving function allows parents to control their daily expenses. Moreover, if the insurance premium is stopped, the insurance policy will be invalid, and the children's future education expenditure will not be guaranteed accordingly. If they choose to surrender, they may also lose part of their principal. So if you buy the wrong insurance, do you want to surrender it? If you surrender, why don't you lose money? Can I return the wrong insurance? How much can I refund if I surrender? How to surrender in full?
The above is the relevant meaning and function of education fund insurance, and I think everyone has a certain understanding. After parents buy education insurance, they won't worry about their children's education expenses and marriage expenses. Therefore, as parents, they should buy education insurance for their children as soon as possible, so that children can benefit early. What kind of critical illness insurance are there for children? Which are cost-effective? Which is the most worth buying? Let's take a look at 10 the inventory of children's critical illness insurance sold by major insurance companies.