As people's concept of financial management deepens, many policyholders choose to purchase various financial products or financial insurance products. Since insurance companies launched financial management insurance products, they have been favored by many people in society. For example, China Merchants Bank's credit card wealth management insurance is a wealth management insurance product that is currently very popular among people. Some people will inevitably question before buying it, is it cost-effective to buy wealth management insurance? For this reason, I will tell you through this article. Which insurance company is the best? I just compiled the relevant content. I hope it will be helpful to you: the latest list! Ranking of the top ten insurance companies in the country

Is China Merchants Bank’s credit card financial insurance cost-effective?

As to whether China Merchants Bank’s credit card financing insurance is cost-effective, you can look at it from the aspects of insurance companies, products, benefits, etc. Now let’s learn more about it in detail.

1. Nowadays, people are becoming more and more aware of investment and financial management, and financial management insurance was also born under this demand. Currently, there are many types of financial management insurance, which can be divided into: universal type, investment type, dividend type type. Some have higher dividend yields, some have lower dividend yields. But this is not the basis for whether insurance is cost-effective, but it depends on the comparison. If compared with the financial products in the market, such as stocks, funds, bank securities, etc., the profitability of China Merchants Bank's credit card financial insurance is far behind.

2. At present, for ordinary families, the way to manage finances is usually bank savings. If compared with bank savings, China Merchants Bank's credit card financial insurance is still very cost-effective. On the one hand, this is because bank savings do not have a protection function and cannot protect against risks such as disease and death. On the other hand, it is because the method of bank savings is simple interest (that is, a certain period of time and a certain amount of deposits will have a relatively fixed income space. Whether it is fixed income or floating interest, during the financial management period, bank financial products all adopt the form of simple interest. simple interest). How to buy critical illness insurance cost-effectively? Regarding choosing term or lifetime insurance, I have just compiled relevant content. I hope it will be helpful to you: term term vs lifetime critical illness insurance, how to choose?

3. The China Merchants Bank Credit Card Insurance and Financial Management Service Center carefully selects products with more comprehensive protection, more reasonable prices, and can meet the real needs of customers in the market through "group purchasing" and provides them to cardholders. At the same time, in addition to providing high-quality services ourselves, we will also put forward higher requirements and higher-quality continuous services to all partner companies from the perspective of customers.

4. Financial management and insurance products are different, as most of them adopt compound interest calculations. That is, during the insurance period, the cash value in the investment account will be compounded on an annual basis. Therefore, whether in terms of protection or income, China Merchants Bank's credit card financing insurance is very cost-effective.

To sum up, China Merchants Bank’s credit card wealth management insurance is cost-effective, but we need to remind everyone that China Merchants Bank’s credit card wealth management insurance has many products. It is recommended that you choose the appropriate product according to your own needs first, and then consider the profitability of the product. Problem, after all, the primary purpose of buying insurance is to avoid risks.

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