When buying insurance, you must understand one basic principle: What you buy when buying insurance is protection!

It is not other things (such as: stocks, funds, deposits...etc.).

Buying insurance is an effective way to avoid personal risks and establish a personal protection system.

At the same time, it is also a way to manage money.

If you want to use this method of financial management correctly, you should learn and understand some basic knowledge about insurance.

If you follow what others say or take insurance products for granted, the result may be counterproductive. Not only will you spend money to buy products you don’t necessarily need, but it will also worry you for a long time, or even for a lifetime.

If you can learn some basic insurance knowledge, it is not a bad thing for people who do not know about insurance.

If you don’t mind, would you like to learn some basic insurance knowledge now?

Insurance is divided into: social insurance and commercial insurance.

Social insurance is statutory insurance, which can also be called policy insurance.

It is an insurance implemented and managed by the national management department based on law and administrative means.

All adults who work or are self-employed are required to take out insurance.

It can provide insured persons with economic security within the scope of basic medical insurance, basic pension insurance, work-related injury insurance, unemployment insurance and maternity insurance.

Because social insurance is a government act, it has mandatory characteristics.

The employer (or institution) should sign a labor contract when hiring employees, and the employer (or institution) should provide social insurance for employees. This is the social responsibility and obligation of the employer.

If the company fails to provide social security for its employees, it is an illegal act. After obtaining relevant evidence, it can file a complaint or report to the local labor inspection brigade.

You can also seek help from the local media to expose the illegal activities of bad bosses.

Individuals can participate in social security as a freelancer in the place where they have their registered permanent residence (at least this is the current policy), and then they must fulfill their obligation to pay contributions on time, in full, and continuously.

When insured persons encounter the above basic medical care, basic pension and maternity insurance issues, they can receive relevant financial protection.

Social security emphasizes social fairness (each insured person only has one share), and its basic principles are: low level, wide coverage.

Guarantee is a guarantee but not a guarantee.

Therefore, its protection cannot fully meet personal needs, so commercial insurance is needed to supplement it.

Commercial insurance: It is an insurance that gathers the power of society (insured persons) to provide financial protection for a small number of insured persons when they encounter certain personal risks (such as major illness, accidental injury, medical health...etc.).

Purchasing commercial insurance is a commercial behavior. It should be purchased based on individual needs and personal financial ability to pay. Since it is commercial insurance, it has a strong commercial flavor and is a supplement to social insurance.

Commercial insurance emphasizes individual fairness (purchase according to one's own needs and financial ability, buy more and get more protection, buy less and get less protection, and if you don't buy, there will be no protection), and its positioning should be: a supplement to social insurance.

The purchasing principle is: voluntary principle.

The common feature of these two insurances is that they provide the insured with a certain degree of financial protection.

You must buy social security because it is policy insurance with certain benefits.

As for whether to buy commercial insurance or not?

What kind of insurance do you need most?

How much to buy?

That should be determined based on your own needs and financial ability to pay.

When you buy insurance, you buy protection, and protection is what everyone needs.

Therefore, before buying insurance, you must understand: What is insurance?

Why buy insurance?

What kind of protection do I need most?

How much of this coverage do I need?

How many insurance products can I buy with my current ability?

If you really want to buy some insurance for yourself and your family, I suggest you: 1. First learn and understand some insurance knowledge; 2. Understand the role and significance of insurance; 3. Clarify your own needs for insurance; 4. According to your actual needs

and financial ability to insure.

Really do it: consume clearly and enjoy in a down-to-earth manner.

Otherwise, due to your temporary ignorance, you may get endless troubles in the future.

For adults, when buying insurance, you should first buy social security, and then you can choose to buy some commercial insurance to supplement it.

Because social security is the foundation and commercial insurance is the supplement.

There are some basic principles when buying commercial insurance, such as: put adults first, then children; first basic, then complete; first near, then far... etc.

It should be very necessary to understand and follow these principles.

If you want to know more professional knowledge about insurance, you can go to the insurance website to take a look.

Or find a high-quality insurance salesperson who is responsible and proficient in business for relevant business consultation.

There are risks everywhere in life. Accidental injuries, health problems and pension problems are the biggest risks that everyone may encounter at any time. Once such a risk is encountered, it may directly affect the fate of a person or a family.

Therefore, these three risks should be insured by everyone.

To buy insurance for minors, you mainly choose to buy commercial insurance such as student insurance, comprehensive accident insurance, and lifelong or term health insurance.

If your child is too young, some insurance products you want to buy for your child may be restricted by some policy regulations. Therefore, you can buy less health insurance for your child first, and if possible, you can add a hospitalization subsidy insurance or

Hospitalization medical insurance.