As an indispensable means to meet our security needs, insurance plays an important role in our life. In view of the close relationship between insurance and people's livelihood, the high-end interview of Dayu.com invited Wang Xinguang, a senior economist of Chongqing Branch of Life Life, to interpret the relationship between insurance and people's livelihood.

7% of employees are not ready for the pension

Regarding the relationship between insurance and people's livelihood, Wang Guangxin pointed out that insurance has the nature of people's livelihood, and insurance with the function of dispersing risks and transferring risks is one of the important means to meet people's safety needs in society. Therefore, the development of China's insurance industry must take serving economic and social development and people's livelihood construction and meeting the people's increasing demand for insurance protection as its fundamental purpose.

in terms of innovation, the insurance industry in China should increasingly adapt to the needs of economic and social development, the diversified needs of ordinary people and the new systems, mechanisms and changes brought about by the reform of our market economic system. He also stressed: As China's population is aging and the trend of longevity is accelerating, the risks of the existing old-age insurance system will increase sharply. It is necessary to learn from innovative foreign old-age insurance models and establish a life annuity insurance system, and the way of receiving pensions can also learn from some foreign good experiences in certain circumstances:

First, use the tax system to solve the problem, and how much tax will be collected by stages. Australia pays 3% tax at a time, and there is also a compulsory mode, which is to collect it by stages according to a certain limit, forcing it to be collected in a planned way. Similar to Britain, Japan and Singapore, as far as China is concerned, we should make full use of the function of insurance to solve the risks brought by longevity, and match it. As the elderly live longer, they will receive more money. This way of receiving should be solidified by the system. At present, there are similar products in China, but there is no corresponding system.

Second, innovative products and variable annuity insurance obviously need innovation. Variable annuity appeared in the 195s. With the development of society and funds, the function of variable annuity developed after 199s is to let the insured enjoy the benefits of capital market and bond market through a period of accumulation, so that the insured can enjoy more benefits through the operation of independent accounts, and with its dual characteristics of pension and investment, the pension problem can be solved. However, the innovative market potential of variable annuity in China is huge.

Third, make preparations for providing for the aged as soon as possible. According to the survey results in 21, 5% of young employees in China believe that they need to prepare their own pensions and retirement pensions, and 73% of retirees in China will rely entirely on the government or the existing social security system. But now two-thirds of China employees don't know where their pensions will come from after retirement, and 7% of them are not ready for their pensions.

although insurance has an attached financial management function, it is increasingly closely integrated with the banking and securities industry, and the trend of comprehensive financial management has emerged, the essence of the insurance industry is still based on protection, so when purchasing products, we should pay attention to the protection function of products, not the investment function. Consumers should also treat insurance products calmly, especially insurance wealth management products. Take investment-linked insurance as an example. It is a composite product with both insurance and wealth management functions, which has certain risks. Its protection function is weaker than that of a single life insurance product, and its investment function is weaker than that of a single financial product, and its protection function is the main one, supplemented by investment function.

First of all, Wang Guangxin emphasized that four principles should be paid attention to when buying insurance: adults first, children later, social security first, business insurance first, financial management first, education first, and life-long. According to the needs of the insured, you can start buying from accident insurance. Such as burns, scalds and accidents, followed by medical insurance and serious illness insurance. Buying includes accident insurance, term life insurance, major illness insurance, education insurance, old-age insurance and investment insurance. He also pointed out that an introduction should be made from the following four aspects:

First, children. Buying children's insurance should first pay attention to children's health, followed by financial management. Family economic conditions are generally based on health, followed by education. Try to make the premium paid account for about 1% of the family's annual income. In addition, in general, children's insurance must first solve the insurance problem of adults, especially at present, the economic pillar of the family must buy insurance. At present, there is a common phenomenon that many consumer groups in society, including policyholders, are upside down, buying insurance only for their children and not for adults. Every parent thinks that children are more important than themselves, which is of course true, but it is not rational enough. The significance of security lies in the fact that children can continue to live in case of accidents.

So nowadays, major diseases are characterized by younger age, high cost and high cure rate, so when buying insurance, we should first consider the insurance for major diseases.

Due to external environment and other reasons, younger babies are less resistant than adults, so the risk of illness of children has existed since birth. In the case of limited family economy, we should consider buying insurance products for medical diseases. It is suggested that every family should choose critical illness insurance first, and then the insurance with financial management function. After purchasing insurance with financial management function, children can get a refund when they reach the age of 18, and they can still get a second or even a third refund after graduation, which can be used as venture capital, wedding capital and so on.

buying insurance for children does not need to compare with others, but should be based on the family's economic situation. At the same time, there are some investment benefits, such as a product, which can not only achieve the purpose of saving money for children, but also alleviate the pressure and burden caused by medical expenses for children in the next decade, and also provide protection for their parents. This product is delivered at one time, so you don't have to worry about the ability to pay in the future. Then we can prepare education funds, marriage funds and venture funds for children after ten years, and provide uninterrupted protection for children and their families for ten years. A 1-year comprehensive protection plan that can not only protect children's accidental medical care and hospitalization subsidies, but also provide their parents with accidental protection.

second, teenagers. At present, our post-8s young people have just started their career and life, and their ability to take risks in local economy is relatively weak. At the same time, most people in this age group are only children, so we must consider that their parents are getting older. Once something happens to them, it is best to take care of themselves. Then when choosing insurance, we should consider the priority of guaranteed products, and the guarantee scheme needs to highlight three characteristics: wide scope, low cost and high guarantee.

Third, middle-aged humans. Middle-aged people are a connecting link between the preceding and the following stages. As the mainstay of the family economy, they need adequate security to maintain the quality of family life and to accumulate funds for the future pension. Therefore, middle-aged people need a comprehensive and adequate security plan even more. When they reach middle age, they can feel that their physical condition is declining year by year. Therefore, on the basis of social medical insurance, we must consider supplementing some serious illness insurance and certain accident insurance. At this age, if the economy permits, you can make plans for your future retirement and consider supplementing the old-age insurance.

fourth, elderly people. Buying insurance for the elderly is different from buying insurance for the young. You should master the following tips when choosing. First of all, the probability of accidental injury to the elderly is much higher than that of other age groups, so the elderly should take accident insurance as the first choice. Accident insurance has the characteristics of low premium and high protection. Moreover, when the elderly buy accident insurance before the age of 65, the premium does not need to be paid more, and the protection is the same.

In addition, Wang Guangxin also stressed that when purchasing health insurance, we should pay attention to the "guarantee renewal" clause. The elderly are more likely to get sick again. If there is a "guarantee renewal" clause in the insurance contract, the insurance company will lose the right to underwrite the insured.