Purchase principle
The principle of commercial insurance is based on the principles of fairness, reasonableness, and risk-sharing. When applying for insurance, the physical health of the insured is a standard insurance company.
The following points should be kept in mind when purchasing commercial insurance:
1. The purchase should be carried out in the following order: first, accident insurance ( life insurance with additional accidental medical treatment, hospitalization, etc.); secondly, health insurance (mainly major diseases and additional medical insurance, term life insurance ); thirdly, pension insurance (dividend, annuity, investment, etc.) even, etc.).
2. Many consumers tend to buy insurance for their children first. Professionals suggest that priority should be given to those with higher family income (he is the backbone of the entire family); secondly, women have relatively more diseases, so they can consider purchasing this type of insurance. “Life is Beautiful” product; consider children last. Of course, if the economic conditions are acceptable, a family of three should buy together. To prevent the unexpected and in case of life risks to the family.
3. The choice of the insured amount should be based on the total family income and the risk (such as whether to drive, whether there is social insurance, town insurance, etc.). The important reference indicator here is 5%-15% of the family’s total annual income to pay premiums is more appropriate. It is generally recommended that the insured amount should not exceed 100,000 yuan for those under the age of 18, 200,000 yuan for 20-year-olds, 100,000 yuan for each additional 10-year-old thereafter, and 500,000 yuan for 50-year-olds. If you feel that the premium is expensive, you can add a relatively cheap term life insurance product to the purchase.
4. The payment method is determined according to various factors such as the consumer’s family economic situation and the operation of cash flow assets and funds. It is not that the longer the payment period, the more cost-effective it is. If you have a high sum insured, you must obtain the consent of the life insurance underwriting of the insurance company and the reinsurance agreement of the reinsurance company, and can only apply for insurance after passing the medical examination.
How much should household premiums be spent?
In general, the family insurance premium should be 10%-20% of the family’s annual income. The premium should not be too high. Excessive premiums will cause pressure on family life. You can also increase or decrease it according to your personal consumption habits!
What is the appropriate amount of protection?
The amount of insurance should be closely related to the annual income. If the amount of insurance is too low, it will not play a role in guaranteeing. Generally, it is 5-10 times the annual income.
“Insurance is not guaranteed to be as high as you want.” If a person with an annual income of 20,000 yuan wants to insure 500,000 yuan, then the insurance company will doubt whether there will be a moral hazard in it. The customer will be insured.
It is reported that the new version of the auto insurance industry terms further expands the coverage, covering vehicle loss insurance, commercial three-party insurance, vehicle liability insurance, theft, and rescue insurance, special insurance without deductible rates, individual glass breakage insurance, body scratch loss insurance and Optional 8 types of insurance including deductible special insurance; the new version of the industry products are still three sets of A, B and C, the coverage, rate structure, rate level, and rate adjustment coefficient are basically the same, but slightly different; the new version of the auto insurance industry The terms are combined with the actual operation. For the content that is not clear in terms of terms and easy to cause disputes in practice, the text has been revised and improved to make the terms and conditions more rigorous and easy to understand, which is not only convenient for policyholders to understand, but also for various insurance companies Company standard operation. At the same time, the new version of the industry terms simplifies and standardizes the rate adjustment coefficient, realizing further connection with compulsory traffic insurance, and restoring the true role of the rate adjustment coefficient in reflecting the real risks of consumers.
