Education insurance, also known as education fund insurance, children's education insurance and children's education insurance, is an insurance aimed at preparing education funds for children. Education insurance is a kind of saving insurance, which has both the function of compulsory saving and certain guarantee function.

The object of education insurance:

0 years old (refers to the baby who was born 28 days ago and was discharged from hospital healthily) ~ 17 years old; Some insurance companies provide education fund insurance for children aged 30 days to 14.

Education insurance focuses on preparing education funds and savings for children, and its protection function is slightly weaker than other insurances.

Education insurance has the function 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 the education insurance plan is established for children, they must deposit the agreed amount every year to ensure that this savings plan can be completed.

At the same time, education insurance has the function of insurance protection, which can provide protection for the insured and the insured in terms of illness, accidental injury and high disability. Therefore, once the insured suffers from illness or accidental death and high risk of disability, the insurance company will waive the insurance premium that the insured should pay in the future, which is equivalent to the insurance premium paid by the insurance company for the insured, but the original rights and interests of the policy are inconvenient, and it can still provide future education expenses for the children.

Education insurance also has the functions of financial management and dividend distribution, which can resist the influence of inflation to some extent. Generally, it is paid by installment, and the payback period is longer.

Types of education insurance:

At present, education insurance in the market is mainly divided into three categories: one is pure education fund insurance, which provides education expenses during junior high school, high school and university, usually in the form of additional insurance. The second is insurance that can be returned in a fixed way. The returned insurance money can not only be used as the education expenses of the children during their school days, but also provide survival funds for the future. The third is financial insurance, such as universal insurance and investment-linked insurance. , has a strong investment and financial management function, and can also be used as a reserve of education funds, which can be collected as education funds for children in junior high school, high school or a certain stage of university.

Advantages and disadvantages of education insurance;

The advantage of education insurance is that it has both savings and security functions. Under normal circumstances, the insured can not only pay a certain amount of education money on schedule after a certain age, but also provide the insured with the advantages of accidental injury or illness death and exemption from death or high disability premium. The disadvantage is that it can not be withdrawn in advance in the short term, and the liquidity of funds is poor. Early surrender may lose the principal.

Matters needing attention in applying for education insurance:

1. To insure children's education insurance, we should comprehensively consider the actual situation of ourselves and our families and the planned education level of children in the future. It is enough to meet the needs of children, and it is not advisable to buy too much, so as not to bring too much pressure on yourself, which will lead to continuous payment and losses in the future;

2. Plan children's education funds through education insurance. The sooner the better, the smaller the better;

3. When choosing education insurance for children, we should not only consider its saving function, but also its security function. We can flexibly use additional risks to deal with possible future risks such as illness, disability and death.

4. Because it takes a long time to pay the education fund, it is particularly important to choose an insurance company, and attention should be paid to the protection of the strength and reputation of the insurance company;

5. You can also plan the children's education fund through combination. For example, children can use education insurance for education planning before the fourth grade of primary school, and after the fourth grade of primary school, they can use the combination of education insurance and education savings.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.