Children's fund insurance belongs to savings insurance, which not only has the function of compulsory savings, but also has a certain guarantee function. Common children's fund insurance includes education fund insurance and marriage fund insurance, which is a kind of annuity insurance. Children's fund insurance is specially designed for underage children and paid annually. After reaching a certain age, pay insurance money to provide education expenses needed for their growth and marriage expenses after adulthood.

Second, what is savings insurance?

Savings insurance is a combination of insurance function and savings function designed by insurance companies, such as ordinary old-age insurance, old-age insurance and education fund insurance. In addition to the basic security function, it also has the function of saving.

If nothing happens during the insurance period, the insurance company will return a sum of money to the beneficiary at the agreed time, just like withdrawing the premium in lump sum every year, and withdrawing it in one lump sum after the expiration, similar to the one-time withdrawal of the bank.

Three. What is annuity insurance?

Annuity insurance is a kind of personal insurance, which means that the insured or the insured pays the insurance premium in one lump sum or on schedule. On the condition of the insured's survival, the insurer pays the insurance premium on an annual, semi-annual, quarterly or monthly basis until the insured dies or the insurance contract expires, which can guarantee the insured to obtain economic benefits when he is old or incapacitated.

Annuity insurance can be divided into:

1, life annuity insurance, also known as "pension annuity insurance" or "endowment insurance". According to the provisions of the insurance contract, the insured pays the insurance premium in one lump sum until the insured reaches the prescribed retirement age; The insurer will pay the insurance money to the retired insured on schedule or in one lump sum. When the insured dies or has paid all the insurance money in one lump sum, the insurance is terminated.

2. Term annuity insurance. According to the provisions of the insurance contract, the applicant or the insured pays the insurance premium during the contract period, and the insurer assumes the responsibility of paying the insurance premium on the condition that the insured survives within the period stipulated in the contract. When the prescribed period expires or the insured dies, the insurance is terminated.