Children s Day buy insurance policies as gifts Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

"61" Children's Day approaching, many parents may be anxious again: What kind of gift this year, the delivery to children. Recently, an insurance company in Shanghai, interview, the reporter saw prepared to give the children to buy insurance, Miss Song. She said that children from birth to adult expenses is a long time, and can not be interrupted. A child growing up, any one part of the funding problems will affect the smooth growth of the child. To avoid these problems, it was decided that she and her lover to the children to buy an insurance policy as a "61" Children's Day gift.

At present, the Shanghai market for children's insurance, many insurance companies from time to time introduce new products. As with most prepared to give the parents of a child, like buying insurance on the insurance industry sophomoric Miss Song selection of insurance for the kids asking this question.

So, how to choose long-term, stable, liquidity high, there is insurance in the future given to children? Synthesis of Shanghai's insurance industry experts and financial division of the proposal to prepare parents for the children to buy insurance to provide some reference.

Two kinds of Chinese parents to choose children's risk insurance for their children, the most concerned about two issues than children growing up in the future education expenses and disability due to accident, ill health, may have costs. Therefore, insurance companies, according to the children's age and growth of the risks that may be encountered during the development and design have indulgence Education Fund, a venture fund, marriage fund children's survival, including insurance, as well as the indulgence accident, medical insurance, children's protection-type insurance.

Transfer risk: the protection of children's risk-based latest statistics show that accidental deaths in childhood at an annual rate of 7% -10% increase, has become China's No. 1 cause of death for children aged 0-14. Applicable to the global International Classification of Diseases Act will be classified as an accidental injury of children diseases.

Whether it is accidental death or disability, for each one-child families, especially families are unable to accept a permanent combat and irreparable injury. Through insurance, we can not avoid an accident, but it can effectively transfer risk to protect the stability of family life.
Protection of children's risk-based mainly on the provision of accident the insured to protect children and address the child's medical problems, the advantage of such insurance to pay modest premiums, but it can get a higher amount of protection. In accordance with the status quo of China's current healthcare system, children in this age group is basically in a state of no health insurance. Therefore, the commercial insurance companies offering the prospect of security-type children's risk are substantial.

Macro Insurance recommended to protect a baby value accidental injury insurance packages: "macro attach the door emergency medical insurance, accident," insuring the minimum age has been reduced to 0 years of age (baby born 30 days can apply to the insured), so that 6 Children under the age of accidents have equal access to medical care and thus the safety of children provide a more comprehensive insurance cover.

In addition, a new form of insurance products for children, "even the health insurance" is gradually emerging on the market. This type of insurance will be the joint and several children, as parents, the insured person, the child and parents to obtain the level of protection is closely related to living conditions and more reflects the insurance support functions.

Prepared Funds: Survival-type children's risk associated with "can not be bitter no matter how tough kids, Zaiqiong not poor education" concept enjoys popular support, children's education costs have soared, parents believe that early preparation is not only the pre-children's education Kim also their children's education and future opportunities. In addition to providing basic education for parents of a child charges in the child's future business, marriage is not required to spend a small amount of expenditure.
Now a lot of survival-type children's insurance market, primarily for their child prepare for education fund to provide insurance coverage or a business, marriage fund. Such insurance, compared with bank savings, the main advantage is the ability to a reasonable tax avoidance. The insurance needs for children and adolescents at different growth stages of the survival of the corresponding insurance. Such as elementary, junior high, high school and college education fund for several periods to participate in the work of the future of venture capital funds, marriage and even after their retirement funds such as pension funds. Insured children to the various specific stages in life can be a reserve fund to alleviate the financial burden on parents, relatives.

China Life launched "Hongyu dividend" will be ordinary children's risk education, protection of the advantages of marriage, and the co-existence a long period of insurance to protect the advantages of integration, both the children grow up in the three important stages of a guarantee, also give full play to the long-term financial management functions.
For example, Haier New York Life Insurance launched "Choi-chi baby whole life," is designed for at least 60 days of birth to 13 years of age for children designed to provide financial planning education. Survival of insurance can be used as children's education fund, sit back and relax from their parents. A variety of life insurance money in the child reaches 15 years of age, 18 years old, 19 years old, 20-year-old and 21 years of age benefit, as the fund for senior secondary and university education. The total amount of payment for the protection of 105%. After the child reaches 18 years of age, Haier New York Life Insurance will automatically be raised to life to protect the original amount of two times the insured as an adult gift, do not submit any health claim.

Allianz Dazhong announced --- "clever baby, clever combination of children's growth plans," and support a period of life, from infants born, to university graduates up to the future of the business, marriage and old-age birthday. In addition to short-term focus on education, payment, payments, the beneficiaries also have the insurance policy every three years since the cash refund, cash received through the child's life, but also caters to the needs of children in different stages of growth: Additional education, gold, entrepreneurship gold, marriage payments, travel payments, medical payments, pensions and golden birthday.

For example, in the macro insurance "clever baby" bonus whole life insured aged 7 days to 12 years old. This insurance will not only take into account the child's growth at every stage of protection, but also the education grant to conduct a reasonable arrangement under which high school for 3 consecutive years, 10% of the sum insured per year, the University four years, 40% of the sum insured per year, basically to meet the children's education Gold demand.

The world's first children's insurance prior to 1856, no insurance company would dare to accept insurance for children under the age of 10. 19th century, 40 years, due to poor medical care and health lag behind, even in the world's most advanced English, the infant mortality rate is still before one year of age up to 20%. An annual average of 7.7 million children die of various diseases, resulting in an insurance company did not dare to accept the insurance for children under the age of 10.
At that time the Group of One Prudential insurance salesman Bell, found that children do not accept insurance, it is to buy insurance as barriers to parental reasons. Therefore, he set up a "Mutual Aid Association", when the unfortunate occurs, the settlement of claims out of their pocket. This is certainly their parents, but also bring a large number of insurance policies. In 1856, Prudential received Bell's "Mutual Aid Association" was officially launched children's insurance, and 3 months after birth can be insured.

Premium should consider the bearing capacity of the family, according to a survey, based on the current national average standard of living, raising a child from birth to adulthood, rough estimates need 15-200000 yuan, which does not include the required a child grow up medical expenses.
Often, parents choose for their children, when the amount of insurance coverage, mainly based on the size of the various risk protection needs and its own ability to pay premiums to the size of these two factors to decide.

In considering the size of insurance protection needs, parents should first roughly estimate the risks their children face the greatest costs that may arise from needs, such as medical expenses, education costs, minus the amount of current that he might take (such as savings, investment income, relatives and friends donations, etc.), which should be obtained to supplement the amount of commercial insurance. = The risk that the demand for commercial insurance costs resulting from the demand - the amount that he might take.

In general, such estimates out of the figure is relatively large, in order to insure adequate protection will be more, at the same time, the corresponding insurance premiums may be higher. If the parents of this negative, but not heavy, it may be insured on this insurance; if the parents feel too much pressure on premium expenditure can reduce the sum insured or select the appropriate payment for a longer period of method (the same insurance, the same insured, the longer the payment period, then the more expensive premium each).

The cost of the risk caused by the demand can be summarized as the risk of accidents children's education costs and the cost of two parts.
Children's education expenses usually refers to the children to complete their university studies required fees, the current year, our students with the cost of higher education (including tuition fees and living expenses) is about 4000-10000 yuan, taking into account the inflation factor in the next 10 years, , the amount select 8000-20000 yuan should be able to meet their needs.

The risk of accidents caused by accidents, the cost used to meet the huge expenditure. Once the child is now suffering from serious illness, medical expenses can be really like a bottomless pit. What parents need to vote in the insured amount for their children's medical health insurance, depending on household affordability. In general, if the family's economic ability is not particularly well-off live, it is recommended to ensure rated at 50000-100000 yuan, so that you can dispel concerns about the vast majority of major diseases.

Kids top ten reasons to buy insurance, a risk transfer, security and stability of family life: If the child is born shortly after its insured in a children's insurance, when he was an adult when this policy is the best gift. From stumbled to the sure-footed, the child a long way to go, the parents may be no way to care of a child for life, was able to convey the never ending love with life, to help children safely through every storm.
2, the premiums low: Child Accident probability is less than adults, and insurance premiums naturally low, the younger the premiums paid by the more cost-effective. Such as: 30-year-old man is a premium of 3.5 times year-old boy.
3, underwriting opportunities for large: the older, more health problems, childhood diseases can sometimes affect the future, as early as the insured can avoid the higher charges or exclusions.
4, to establish a good long-term planning: educating the children about early life of the project and the advantages of instilling the concept of good risk management.
5, reducing the burden on their children in the future: When the kids, the insurance has expired payment without having to pay the premiums and then you can have multiple safeguards.
6, the establishment of education and venture capital funds: Based on the children of high school, university and other various stages of growth, providing education, entrepreneurship, marriage fund.
7, Tax Planning: Life Insurance has the right to tax savings.
8, insurance payments tax-free: tax law, life insurance premium payments of the tax exemption.
9, the transfer of property to their children: to help their children a way to buy life insurance, under the name of the property transferred to their children.
10, training the children a sense of responsibility: children develop good values, grow up to help share the insurance premiums in order to cultivate a sense of responsibility.