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Which is more cost-effective, time deposit or insurance?
If you want to give consideration to profitability and safety, it is very cost-effective to buy insurance wealth management products. In terms of income, the interest rate of bank time deposits fluctuates slightly above and below the benchmark interest rate. The current benchmark interest rates are: 1 annual interest rate 1.5%, 2-year interest rate 2. 1%, and 3-year interest rate 2.75%. IRR (close to real income) of high-quality products is generally about 3.5% of annuity insurance and incremental whole life insurance insurance. Let's take a look at what insurance products financial experts are buying recently: the top ten financial products worth buying in 2023!

In terms of security, China Banking and Insurance Regulatory Commission is the backing of insurance companies, while China Banking and Insurance Regulatory Commission plays an important role in auditing and supervising mainland insurance companies. Moreover, insurance companies actually have insurance protection funds, so insurance products bought in the mainland are generally safer, so don't worry that insurance companies can't afford to pay premiums. In addition, the contract we signed with the insurance company is legally binding. As long as we perform everything according to the contract, we don't have to worry about the insurance company refusing to pay for it without reason. Regarding claims, this article makes it very clear: What are the correct postures for quick and good insurance claims? No compensation!

In addition, some insurance financial products not only have financial management functions, but also have protection functions, such as whole life insurance. The increased protection liability of whole life insurance is generally death/disability insurance, and some products will provide public transport accident death/disability insurance, policyholder exemption and other protection. Moreover, the annual effective insurance amount in whole life insurance will generally increase year by year in the form of compound interest according to a certain growth ratio. Senior sister found several whole life insurance products with good returns. Interested friends may wish to have a look: fresh! Five High-yield and Profit Increasing whole life insurance, don't miss it!

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The same number on the whole network: Xueba said insurance, welcome to search!