What about this universal insurance education fund of Alipay Insurance? Is it worth buying an education fund that claims that "small investment makes big dreams come true"?
Next, it will be analyzed from four aspects:
What is Alipay Universal Insurance Education Fund? What is the income of universal insurance education fund? How to choose universal insurance education fund? How much is the surrender loss? 0 1 What is Alipay Universal Insurance Education Fund?
Let's take a look at the insurance rules of this product first:
(1) Insurance age: 28 days after birth-13 years old, basically covering children from birth to primary school graduation.
Guarantee period: guarantee to 22 years old, payment method: wholesale payment/monthly payment period: payment to children 13 years old.
This product has flexible payment options, including wholesale payment (one-time payment) or monthly payment. The minimum starting price is 1 yuan, and additional payment can be made at any time.
As far as I know, the age of premium payment varies with different payment methods.
For example, if you choose wholesale delivery, you can increase the premium before 14 years old; If it is a monthly payment, the premium can only be added to 13 years old.
Universal education fund is an annuity insurance, which has savings income and simple protection, mainly death protection.
The insured can be exempted from paying the premium when he dies, but the insured will return the premium before 18 years old, and pay the unpaid education fund in one lump sum after 18 years old.
The universal insurance education fund has no dividends, no universal account and fixed income. Whatever the amount agreed in the contract is, it is equivalent to a wealth management product with guaranteed capital and interest.
What is the income of universal insurance education fund and how to choose education fund?
1. What is the income of universal insurance education fund?
The amount of money that universal insurance education fund can receive is certain. Let's look at the actual rate of return after 30 years.
In order to present the benefits of universal insurance education fund more intuitively, let's analyze it with practical examples.
For example, Mr. A takes out insurance for his newborn child, and chooses to pay a monthly fee to 500 yuan, with an annual premium of 6,000 yuan. 13 years:
Give a conclusion directly:
Through IRR calculation, we can see that the yield of universal insurance education fund is about 3.50%, which is not bad compared with bank time deposits.
However, it should be noted that you should choose different ages to start insurance, because the value-added time of capital experience is different, and the final income will be different.
To sum up: other things being equal, the earlier the capital investment, the longer the value-added time and the higher the income.
However, this money should be locked in the annuity account for more than 20 years.
If you take it out in advance and only return the cash value, there may be some losses, which will be analyzed in detail later.
If you have limited financial conditions or have a large consumption plan in the near future, it is not recommended to buy an education fund.
If you have spare money, you can consider buying insurance. After all, the advantage of education fund is its high security.
It should also be said that the education fund focuses on financial management, so before taking out insurance, you should make sure that your other guarantees have been improved, such as critical illness insurance, medical insurance, life insurance and accident insurance.
2. How to choose the education fund?
The purpose of buying education funds for children is to make long-term plans for children's education funds and save in advance;
Ensure that children have sufficient funds for each stage of education in the future!
So how to choose the education fund mainly depends on the following two indicators:
(1) The real rate of return IRR reflects the real rate of return that can be achieved by investment. The longer the investment time, the higher the IRR and the higher the return.
Reminder: At present, the pre-set interest rate of annuity insurance stipulated by the CIRC does not exceed 3.5%.
Above, we estimate that the yield of national insurance is 3.5%, which just reaches this standard line, but it requires long-term holding. This kind of fixed education fund, what we pursue is not high income, but stability and low risk.
(2) Cash value: the education fund is a savings insurance, and the longer it is saved, the higher the income;
However, if money is urgently needed during the deposit period, surrender can only get cash value.
As mentioned above, the universal insurance education fund is to put the money in the annuity account for more than 20 years, and only by withdrawing it in advance can the cash value be obtained.
How much does the National Insurance Education Fund lose from surrender?
How much will be lost by surrender, mainly in the following situations:
1. Surrender within the hesitation period
If you surrender the National Insurance Education Fund within the hesitation period (within 0/5 days of the first insurance/KLOC), you can fully refund the paid premium after deducting the work cost.
This is true of almost every kind of insurance. If you surrender your insurance within the hesitation period, you can generally return all the premiums.
The hesitation period is calculated from the moment the payment is successful.
2. Surrender after hesitation
If you surrender after the hesitation period, only the cash value of the policy will be refunded, and the specific amount to be deducted depends on how the agreement is signed.
However, the early cash value of the universal insurance education fund policy is very low, so it is best to surrender within the hesitation period if you want to surrender;
If the time has exceeded, try to wait until the cash value is equal to the premium paid before applying for surrender, at least there will be no loss in amount and quantity.
04 abstract
In a word, the capital security of universal insurance education is relatively high, but the liquidity is relatively poor. If the economic conditions are plentiful, you can consider insurance.
If you want to surrender after impulse insurance, it is best to surrender within the hesitation period. At this time, surrender is only the loss of production cost;
Once the hesitation period has passed, only the cash value can be returned. Generally, the cash value of the policy in the first few years of insurance is relatively low. At this time, the loss may be relatively large.
If you don't want to lose too much, you can wait until the cash value is equal to the premium before surrendering.