This is not fraud. The Postal Savings Bank said that before insurance, it was an education fund. This is just a means for the Postal Savings Bank to promote insurance. The education fund itself is a kind of savings insurance. (1) What is an education grant? Education fund is a kind of financial insurance, which can be used for children's tuition and living expenses, as well as for starting a business, getting married and buying a house. The education fund is suitable for people who have spare money but have no energy to manage it. They can buy and sign an insurance contract, and the income is written in the contract, which is safe and worry-free. They can also force savings to prevent us from overspending and complete basic protection just in case. Education fund has the advantages of stable income and locking in long-term interest rate. Compared with education funds, time deposits have low returns and are greatly affected by inflation, while bank financing interest rates are low and floating is not guaranteed. Although fund stocks have high interest rates, they are highly professional and their returns fluctuate greatly. In short, the education fund is the most cost-effective financial product with stable income, safe funds and timely withdrawal. (2). Why do you want to buy an education grant? Education grant can increase the value of our present funds and ensure children's future education. In today's society, the requirements for academic qualifications are getting higher and higher, and the cost of children's schooling is unknown. Education fund provides a strong guarantee for children to go to school, and it caters to the requirements of the times. Education fund insurance combines insurance and savings, and can also protect children's safety. (3) How to choose the education grant? The purchase of education funds should be planned in advance, the cost and time for children to go to school are fixed, and the benefits should be taken into account when choosing safe products. The process of children's growth is full of variables. To guard against risks, it is necessary to increase medical insurance. Choose education fund insurance with long-term payment as far as possible to reduce family pressure, and choose to buy education funds with premium exemption clauses. Even during the payment period, when parents are seriously ill or have an accident and lose their ability to pay, the insurance is still valid and can still guarantee the children's school expenses.