Buying insurance the most popular way to spend annual bonus

15:04, February 08, 2010      

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In an era of low interest rates and expected inflation, investing the year-end bonus to buy insurance has become the first choice of many people. Many parents have slowly come to realize that rather than piecemeal consumption, they should use the money to buy insurance for their children, giving children a secure future while taking into account the benefits.

Although the impact of the financial crisis is gradually decreasing and the economy is gradually recovering, risks still exists. With strong inflation expectations, insurance is a good choice in the pursuit of the best balance between risks and benefits.

Young people should consider prioritizing insurance in the following order when choosing insurance; accident insurance, hospital medical care and disease risk, followed by the old-age insurance. Accident insurance can guarantee protection for their livelihood when unfortunate events occur in their life time.

As for the new parents, in addition to medical and accident insurance, disease risk insurance must also be considered. Generally speaking, the insurance should emphasize protection, which can amount to at least 100,000 to 300,000 yuan.

At present, in the insurance market, a variety of children's comprehensive financial plans can be found, and most of them have double features of guaranteeing education grants and health care expenses. If parents contribute an annual sum of money through 10 years of stable investment, they can save a grand education fund for their children. At the same time children can also enjoy insurance covering 18 major diseases, providing adequate medical care and hospitalization benefits to alleviate the economic pressure brought on the family by high medical expenses.

By People's Daily Online
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