1, different operating units

Bank wealth management products are business operated by banks, and insurance products are business operated by insurance companies. Banks are legally established financial institutions engaged in monetary and credit business, and are the product of the development of commodity monetary economy to a certain stage. An insurance company is an insurer in the form of company organization, engaged in insurance business. An insurer in an insurance relationship has the right to collect insurance premiums and establish an insurance premium fund.

2. Different roles

The main function of bank wealth management products is to pursue capital security and certain income. Compared with insurance products, there are differences in risk prevention, acquisition methods and ownership. In terms of risk prevention, both insurance products and bank wealth management products can prepare for future risks, but it is a self-help behavior to deal with future risks with bank savings, and insurance can transfer risks to insurance companies, which is a mutual assistance behavior.

3. Different access methods

Free access to bank deposits, paying interest at the current interest rate in advance, and no loss of principal. However, insurance products do not have the concepts of deposit and withdrawal and interest, so it is certain whether they can obtain insurance benefits. Insurance benefits can only be obtained when the coverage expires or an insurance accident occurs. If you surrender early, you will bear certain losses.

Insurance financing: Financing through insurance refers to the reasonable arrangement and planning of funds by purchasing insurance, and at the same time, the ideal preservation and appreciation of assets can be achieved to prevent and avoid financial difficulties caused by diseases or disasters, rather than making a windfall.

Bank financing: Commercial banks develop, design and sell capital investment and management plans for specific target customers based on the analysis and research of potential target customers. In the investment mode of wealth management products, banks only accept the funds entrusted by customers, and the investment income and risks are borne by customers or both customers and banks in an agreed way.

Both insurance products and bank wealth management products are affected by the big economic and financial environment, and there are uncertain risk factors, so it is impossible to simply compare insurance products with bank wealth management products.

Reference link: Baidu Encyclopedia _ Insurance Finance