Generally speaking, the return of education funds is divided into the following three types:
The first type: regular return.
This kind of refund system refers to the one-time refund of the security fund every year according to the date stipulated in the insurance clause during the security period. These return methods are more flexible and enable parents to make scientific and reasonable arrangements for education funds according to their children's situation.
The second type: annual return.
This return system refers to the return of the corresponding amount every year from a certain point in time. If children start to pay back how much money in a year when they are in middle school, how much money will they need to pay back in a year when they go to college? The advantage of this system is that it can provide enough financial support for children to go to school, and at the same time it can be earmarked for special purposes.
The third type: one-time return.
This return mechanism refers to the one-time return of the amount required by the policy within the specified date. For example, if a child goes to middle school or university, he can return all the funds at one time. In this case, if it is for a child studying abroad, it is best to choose an insurance product that can be returned at one time. However, because the cost of studying abroad is relatively high, if you return it in this way, you can get considerable funds at one time and bring enough funds for your children on the way to study abroad.
So how do you get education fund insurance?
At the age when children meet the insurance conditions and can receive children's education insurance money. You can collect it in the following ways:
In the first step, the insured informs the insurance company, and the insurance company will prepare the corresponding payment certificate as required.
The second step is to prepare relevant application materials for the insurer or the insured and submit them to the insurance company.
Finally, after verification by the insurance company, the corresponding amount will be transferred to the bank account of the insured.
At present, there are countless education insurances in the market, which makes parents dizzying, so how to choose? How to screen? What is the most cost-effective education insurance?
We might as well briefly screen three main directions first:
1. Look at the income level
Income level is undoubtedly a key point. After all, the important factor that many people were attracted to products at the beginning was the double high income. As for the actual income, I believe everyone has a steelyard in his heart. Here we need to remind you of two points:
1) the level of income can't just depend on how much money you get back. It depends on when the insurance company will pay.
You can imagine how much interest you will have in five years if you deposit100000 in the bank. The current10000 is completely different from the100000 in the past five years. The sooner you get it, the more valuable it is.
2) Although some income certificates include dividends, dividends are generally uncertain.
Don't rest assured to buy education insurance, and finally get the money to find out that this is not the case.
2. See if the refund matches the demand.
If you understand this, it's relatively simple. If you have prepared a study abroad fund for the university your child attended after 10, it is certainly not suitable for you to purchase the university education insurance returned after 15.
3. Separation of safety and financial management
The education fund insurance mentioned before is financial guarantee and has no insurance function. If an education fund insurance covers both serious illness and accident liability, is it complete? Actually, not necessarily. Understand that this way of packaging together is often packaged for marketing purposes.
After reading this article, do you have any other questions about education fund insurance? You can search for "Baibaojun" in Baidu. "Baibaojun" has a very professional insurance consultant team, which can give you one-on-one accurate matching insurance planners, help you better choose insurance and understand insurance, make you more worry-free and labor-saving, and effectively avoid the pit in insurance.