First of all, I don't advise you to buy universal insurance. The article I published in Internet Insurance Weekly is very detailed, so you can have a look if you are interested.
Below I will focus on how smart star products are, how much income they can get, and whether they are worth buying.
First, product evaluation | How about Ping An Smart Star?
First of all, let me briefly introduce the guarantee content of this product:
As we can see from the picture, the biggest advantages of this product are:
Can flexibly receive account value. In other words, you can use it in your account according to your own needs, which can be used as an education fund, a venture fund and a wedding fee. Generally speaking, universal annuity insurance cannot be collected at will in principle, and this advantage of smart stars adds a lot of points.
However, the defects of this product are also worth noting:
1. It seems that the protection is comprehensive, but it is worrying.
(1) The insured amount is unreasonable. Let's take a look at the problems existing in the additional insurance configuration of smart stars as shown below:
Let's not talk about the problem that the coverage of lifelong critical illness insurance is too low. It is very unreasonable to put life insurance in children's insurance, because life insurance is mainly allocated to the pillar of a family, and it is of little use to allocate life insurance to children. As you should know, the average cost of treatment for a serious illness here is 300,000, assuming that the insurance coverage of using the additional insurance of Zhixing is really too low. Therefore, parents who choose because smart stars have various additional risks should be awake now!
(2) Mild illness is not guaranteed.
Everyone should understand that a minor illness is relative to a serious illness. If it is not cured, it is very likely to deteriorate into a serious illness. Therefore, if an insurance has comprehensive protection for mild diseases, and consumers take money to thoroughly treat diseases, the probability of suffering from serious diseases will inevitably drop a lot;
Therefore, I have always stressed that the first consideration is the serious illness insurance products with mild symptoms. Now many cheap and comprehensive critical illness insurance have minor illness protection, but smart stars don't. This is really a pit.
2. The dividend yield is low. The following table, I hope you can have a look:
The initial cost in the figure is the management fee that the insurance company will deduct from the premium; In addition to this fee, you need to deduct the guarantee fee of additional insurance; Let me give you an example to calculate how much money is left in the universal account:
Let's take a 27-year-old man as an example. The premium of 7,000 yuan for a 0-year-old boy baby is actually credited to the policy account in the first year. The principal that can be used in Qian Shengqian is: (premium) 7,000-(initial cost) 7,000 * 35%-(guarantee cost)1467 = 2,033 yuan.
After the premium of 7,000 yuan was lowered several times, only about 2,000 yuan remained in the account;
Not only that, the guaranteed interest rate of this insurance is 1.75%, and the interest rate of Alipay's balance treasure is close to 2%. The dividend yield calculated by the guaranteed interest rate 1.75% is really too low. The guaranteed interest rate is lower than the market average interest rate, and more management fees need to be deducted from the premium. It's really a pit!
More deficiencies, due to limited time, will not continue to expand here; If you want to continue to understand what is missing, let's take a look:
Second, how much can I get by buying Ping An Smart Star?
Take the premium of 7000 yuan as an example, calculate the guarantee income in the first year, and then deduct the initial cost and guarantee cost in the first year. Finally, the principal is multiplied by the guaranteed interest rate: (7000-3500-1467) *1.75% = 35.58, and the result is the guaranteed income you should get in the first year.
If you rely on this part of the principal to manage your finances, parents who save money in advance for their children's future education, marriage and pension may have to recognize this risk.
3. Is Ping An Smart Star worth buying?
I don't advise you to buy this insurance; It seems to be guaranteed, but the result is not satisfactory.
I understand that parents are attracted by the word "omnipotent", and the smart star who can protect financial management looks really perfect; But what I want to say is that even universal insurance is difficult to achieve the best of both worlds. Even if it is called "universal insurance", not everything can be done; I still hope that parents can really configure basic insurance and then consider financial management;
It is not terrible for a child to be ill. The terrible thing is that the protection is not enough; Here is also a list of children's cost-effective critical illness insurance. If necessary, you can do your homework: the top ten insurance companies "worth buying" hot critical illness insurance inventory!