Wealth management products, that is, products designed and issued by commercial banks and formal financial institutions themselves, are a kind of wealth management products that invest the raised funds in relevant financial markets, purchase relevant financial products according to product contracts, and then distribute them to investors according to contracts.

Insurance is a Chinese word, pinyin is b m 4 o xi m 4 n, and English is insurance or insurance, which means safe and reliable guarantee. Later, it was extended to a guarantee mechanism, a tool for planning life finance, a basic means of risk management under the condition of market economy, and an important pillar of financial system and social security system.

2. Differences in income

From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.

Personal wealth management product financing convenience loan refers to a certain amount of RMB loan paid by the handling institution to the borrower, with the assets and income in the personal wealth management product account purchased by the borrower in its name at the Bank of China as repayment guarantee, and the account suspension treatment as the main control means, and the financing amount calculated at a certain discount rate.

3. Differences in risks.

Financial products: Risk refers to the possibility that decision-making can't reach the expected goal due to the uncertainty of future situation. When making an investment decision or financing decision, if there is only one result, there is no uncertainty, and it can be considered that this decision is risk-free.

Insurance products: Commercial insurance can be roughly divided into: property insurance, life insurance, liability insurance, credit insurance, subsidy insurance and marine insurance. Generally speaking, I don't want to be risky, because the risk is that something has happened to me or something has happened.

Extended data:

Source of insurance: Human society has been confronted with natural disasters and accidents from the very beginning. In the process of struggling with nature, ancient people came up with insurance ideas and original insurance methods to deal with disasters and accidents. Around 2500 BC, the king of Babylon ordered monks, judges and village heads to collect taxes as fire fighting funds.

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