First, the security functions are different.

Bank wealth management products do not have the protection function, while insurance wealth management has the protection function of death insurance. If the payment of variable life insurance is fixed, part of the death payment of the policy is the fixed minimum death payment agreed in the policy and borne by the reserve account, and part is the investment income of its investment account. According to the different annual capital gains, the cash value of the policy will change accordingly; Universal life insurance has flexible payment. After paying the initial premium, the insured can choose to pay any amount of premium at any time, as long as the cash value of the policy is enough to pay the related expenses of the policy. In addition, you can also set the amount of death protection according to your own needs, that is, the proportion of self-distributed premiums in reserve accounts and investment accounts.

Second, the income is different.

Bank wealth management products mainly adopt simple interest, that is, deposits with a certain period and a certain amount will have a relatively fixed income space. Whether it is fixed income or floating interest, bank wealth management products take simple interest during the wealth management period. Insurance wealth management products are different, and most of them are calculated according to compound interest. That is, during the insurance period, the cash value in the investment account is calculated on a yearly basis with interest.

Experts said that the wealth management products launched by various insurance companies and banks are very rich. Specific to each bank and insurance company, the capital gains, cash withdrawal regulations and fees are different, and you can choose according to your own needs.

Generally speaking, there are two main ways for insurance companies to make claims: compensation and compensation.

Compensation refers to the insurance company's compensation for the insured's losses on the basis of the insured amount according to the damage of the insured property when it is out of danger, which is a kind of claim for compensation corresponding to property insurance.

I paid for life insurance. When people's life or body is the subject matter of insurance, the damage caused by personal insurance to life or body cannot be measured by money. Therefore, when out of danger, the insurance company can only pay the insurance premium to the insured or beneficiary within the amount agreed in the policy.

The above is an introduction to the insurance company's claim settlement methods and insurance knowledge. The insured must know this knowledge before taking out insurance, so as to avoid the insurance company's difficulty in making claims and effectively safeguard its own rights and interests.