Taikang life insurance mainly promotes life insurance.
Life insurance:
Life insurance is a kind of life insurance with the life span of the insured as the insurance object and the life and death of the insured as the payment condition [1]. Like all insurance businesses, the insured transfers the risk to the insurer, accepts the insurer's terms and pays the insurance premium. Different from other insurances, life insurance transfers the risk of the insured's survival or death.
Life insurance can be divided into risk protection life insurance and investment and wealth management life insurance.
Risk protection:
Risk-guaranteed life insurance emphasizes the risk of protecting people's survival or death. Risk-guaranteed life insurance can be divided into periodic death insurance, lifelong death insurance, old-age guarantee insurance and annuity insurance.
Periodic death:
Regular death life insurance provides death protection for a specific period of time. The insurance period is often 1 year, 5 years, 10 year, 20 years or until the insured reaches the specified age. This kind of insurance does not accumulate cash value, so term death life insurance is generally considered as "pure" insurance without any investment function.
There are three key factors to consider when purchasing fixed-term death life insurance: insurance amount, insurance premium and term. There are many kinds of periodic death insurance sold in the insurance market, which are many different combinations of these three parameters. Regular death insurance is generally low in price and suitable for people with low income or engaged in dangerous work in the short term.
Replace life with death:
Lifelong death insurance provides lifelong death protection for the insured, and the insurance period generally ends when the insured reaches the age of 100. No matter when the insured dies before the age of 100, the beneficiary will receive an insurance premium. If the insured survives to the age of 100, the insurance company will pay the insured an insurance premium. Because when the insured dies, the insurer has to pay the insurance premium, so whole life insurance has the nature of saving, and its price is higher in insurance. Insurance has cash value, and some insurance companies provide insurance policy loans.
Endowment insurance:
Endowment insurance is also called "life and death insurance" or "savings insurance". Whether the insured dies during the insurance period or the insured survives when the insurance expires, the insurance company will pay the insurance money. This kind of insurance is the most expensive life insurance.
Old-age security can provide old-age retirement funds and living expenses for survivors. Under special circumstances, it can be used as an investment tool, a semi-compulsory savings tool, and also as collateral for personal loans.
Annuity insurance:
Annuity insurance During the agreed period or the life of the insured, the insurer pays a certain amount of insurance money according to a certain period of time. The main purpose of annuity insurance is to protect the income of annuity recipients. Pure annuity insurance generally does not protect the death risk of the insured, but only provides protection for the income loss caused by the insured's longevity.
Investment and financial management:
Investment and wealth management life insurance products mainly focus on investment and wealth management, and the insured can also obtain the functions of traditional life insurance. This kind of insurance can be divided into dividend insurance, investment-linked insurance and universal life insurance.