Why buy insurance?

The first is the protection function; the second is the investment and financial management function; the third is the financial coordination function; and the fourth is the social service function.

1. The protection function is to transfer risks. Whether it's property insurance or life insurance, it's all about transferring risks and mitigating economic losses. I won’t go into details about property insurance. Everyone understands the principle of “compensation according to price”. Personal insurance, here are the key points:

1. No matter how capable a person is, there are two things in life that cannot be controlled, and that is accidents and diseases.

2. When an accident occurs, injury treatment fees and death benefits are a considerable expense. If the insurance company comes forward, the financial pressure faced by the accident victim will be reduced or even no pressure at all.

3. Being sick and hospitalized. The cost of treatment is also considerable. Should I bear it myself? Or should the unit reimburse it? If you buy insurance, you can be reimbursed by the insurance company.

2. Investment and financial management functions. The policy pays dividends every year, combining fixed dividends and floating dividends to maximize customer benefits.

3. Financing function. In an emergency, you can use policy loans and other methods to solve urgent needs.

4. Serve social functions. Insurance itself is a great love and charity. Through insurance compensation, more families can escape catastrophe and live a happier and warmer life, thereby promoting social harmony.

Benefits of buying insurance

Insurance Insurance can naturally protect and avoid risks. When economic conditions permit, buying insurance is a good means of transferring risks. The economic losses caused by natural disasters and accidents are generally huge and cannot be dealt with and endured by the affected individuals. One of the benefits of buying insurance is to transfer your risk. The institution that bears the risk is the government or an insurance company. Taking personal risks to a certain extent.

Second, loss sharing can be carried out: the government and insurance companies spread the huge losses of a few people to many insureds in the form of collecting insurance fees and paying premiums, thereby making the losses unbearable for individuals. , becoming a loss that most people can bear. This actually means that the loss is evenly distributed to policyholders with the same risk. Third, compensate policyholders who have suffered losses: The advantage of buying insurance is that it can compensate policyholders who have suffered losses in the following aspects: property losses suffered due to disasters and accidents; physical casualties suffered due to disasters and accidents. ; Economic compensation payable to others in accordance with the law due to disasters; economic losses suffered due to the failure of the other party to perform the contract and all expenses incurred by the policy holder in rescuing the subject matter of the insurance after the disaster occurred. Fourth, some insurance products have both insurance functions and investment value: Insurance products can also be used as an investment and financial management product. If according to the terms of the insurance contract, no insured accident occurs during the insurance period, when the payment is due, you will get Not only will the insurance premium exceed the premiums you paid in the past, but there will also be other benefits besides the principal.

Is it necessary to buy insurance?

Insurance is the best way to solve the three basic problems of human existence. It is impossible to be safe all the time in this life. The basic safety requirements are: avoiding accidental injuries, maintaining good health, and being able to provide for yourself in old age. In order to solve these three basic problems, insurance has designed corresponding types of insurance to provide us with protection.

1. Accidental injury: the greatest economic and spiritual loss to mankind. Accidental injury and accidental medical insurance can best reflect the value of human survival. In case of accidental injury, you can purchase compensation insurance to reduce the economic losses caused by accidental injury. For accidental medical treatment, you can get a certain degree of discount on medical expenses, for example, if the amount exceeds 100 yuan, up to the insured amount, all outpatient and hospitalization expenses will be reimbursed). 2. Good health: God has unpredictable circumstances, and people have misfortunes and blessings. We cannot guarantee that our body will never get sick. We all have good and bad times. How can we reduce the necessary economic losses when normal illness occurs, or get corresponding compensation, reduce personal economic losses, and buy a health insurance so that Get yourself a safe guarantee.

3. Elderly care: In modern society, everyone no longer expects that raising children can protect them from old age. Buying insurance to make their old age comfortable and comfortable is now the choice of most middle-aged and elderly people. The state has incorporated pension insurance into our social insurance system. However, if some members of society or their workplace do not purchase insurance, they should consciously purchase it themselves to add protection to their elderly life. The current phenomenon of aging society is a problem that mankind attaches great importance to. Especially under China's current economic conditions, the "4-2-1" family structure has brought many issues that individuals have to consider in their elderly care.

Is it necessary to buy insurance?

Insurance is the best way to solve the three basic problems of human existence. It is impossible to be safe all the time in this life. The basic safety requirements are: avoid accidental injuries, maintain good health, and have a secure retirement. In order to solve these three basic problems, insurance has designed corresponding types of insurance to provide us with protection.