The functions of education fund insurance include: premium exemption function, compulsory savings function, security function and financial dividend function.
First, the premium exemption function
The premium exemption function is very important. Can relieve parents' worries. If the parents are unfortunately killed or disabled in an accident, the insurance company will waive the remaining unpaid premium of the insured, and the contract is still valid. Simply put, if something happens to parents, with the consent of the insurance company, the subsequent insurance premium will not be paid, and the insurance protection is still effective, which is very suitable for buying for children.
Second, the compulsory saving function.
The purpose of compulsory savings is to enable parents to stick to their children's education plan. Education fund insurance is a tailor-made guarantee for parents to estimate the future education expenses for their children according to their children's situation. Once the insurance amount of the education fund is determined, it is necessary to pay a premium every year as the insurance education fund, so as to ensure the smooth completion of the education plan.
Third, safeguard function.
Many education fund insurances in the market will provide protection against diseases or accidental injuries, which not only provide a material foundation for children's education funds, but also provide a strong backing for children's personal health. The premium exemption function also makes the protection function of education fund insurance more powerful.
Fourth, the financial dividend function
Many education fund insurances in the market also provide financial management and dividend distribution functions to ensure that the education funds saved by parents for their children will not be affected by inflation. Under normal circumstances, if it is multiple payments, the return period will be longer.
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