Myboomboxx.com
  • Home
  • Privacy Policy
  • Contact us
Facebook Twitter Instagram
  • Home
  • Privacy Policy
  • Contact us
Facebook Twitter Instagram
Myboomboxx.com
  • Home
  • Business
  • Fashion
  • Health
  • Lifestyle
  • Social Media
  • Sports
  • Technology
  • Digital Marketing
Myboomboxx.com
Home»Business»Should you buy investment insurance?

Should you buy investment insurance?

RabbiITBy RabbiITOctober 25, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Among the most popular life insurance products today, investment insurance products stand out with a combination of protection, savings and investment. Should you buy investment insurance?

Investment insurance, also known as investment-linked insurance, is a product that has appeared for a long time but is still quite new to many people. Especially, this is a product with a big difference compared to traditional life insurance products before, so many people wonder whether to buy investment insurance. 

To get the right answer, you should better understand the premiums and insurance benefits of investment insurance products, because these are also the two factors that participants are most interested in.

Premium of investment-linked insurance

The premium of the investment-linked insurance product is divided into two separate parts, one part is insurance, the other part is investment. Therefore, in an insurance contract, there will be separate provisions and terms about each insurance premium. There are 3 types of insurance premiums you need to pay attention to: basic premium, supplementary premium and premium premium.

The basic premium is the premium that the participant pays for the main life insurance product and is allocated to the basic account for the insurance portion.

The supplementary premium is the fee that the participant pays for the supplementary insurance product and is also for the insurance part.

Extra premium is a fee that the participant pays in addition to the basic premium and the supplementary premium. This is a fee for the investment part, so policyholders need to understand the regulations on paying additional premiums for each product of the investment-linked insurance line.

See more:bảo hiểm đầu tư là gì

Insurance benefits of investment-linked insurance

Similar to the premium, the benefits of investment-linked insurance are also separated into two parts, one is risk insurance and the other is investment insurance.

Risk insurance benefits

Insurance benefits in case of death: If the insured dies unfortunately, the insurance company pays according to the insured amount or policy account value at the time of settlement of death insurance benefits, depending on the product specification.

The right to participate in complementary products to enjoy increased protection and health care benefits such as inpatient, outpatient, dental, maternity or critical illness insurance, accident, injury, exemption pay fees…

See more: đầu tư bảo hiểm nhân thọ

Investment benefits

With unit-linked insurance: Participants have the option to invest premiums in unit-linked funds established by insurers, enjoy all investment results and bear all investment risks. from selected unit-linked funds in proportion to the invested premium.

With universal life insurance: Participants enjoy benefits from the investment results of universal life fund but not lower than the minimum committed interest rate as stipulated in the insurance contract.

Should you buy investment insurance?

Through this, it can be seen that investment-linked insurance is the most obvious combination of protection, savings and investment. Accordingly, participants are protected with the highest face value, and at the same time have the flexibility to invest according to their personal financial situation and desire to build assets in the future. Especially young people should buy investment insurance to be both insured and profitable investment comfortably and save time and effort.

RabbiIT

Related Posts

Understanding Technical Analysis in Gold Trading

September 25, 2023

Choosing Turks and Caicos House Rentals Made Easy with White Villas

September 2, 2023

Unveiling Excellence: Navigating the Significance of Factory Audits in China

August 24, 2023

Leave A Reply Cancel Reply

You must be logged in to post a comment.

Latest Post

Comparing ‘Dots’ to its Predecessors: A Genre and Style Analysis

News September 29, 2023

Watcho, the premier platform for streaming movies and TV shows, offers a wide array of…

The Role of Luck in Football Betting: Skill vs. Chance

September 26, 2023

Understanding Technical Analysis in Gold Trading

September 25, 2023

From Silence to Symphonies: Understanding the Importance of a Music Strategy for Your Brand

September 22, 2023
Categories
  • All
  • Art
  • Auto
  • Beauty
  • Benefits
  • Business
  • Car
  • CBD
  • Digital Marketing
  • E-commerce
  • Education
  • Entertainment
  • Fashion
  • Food
  • Forex
  • Gadgets
  • Games
  • Health
  • Home Improvement
  • Insurance
  • Law
  • Lifestyle
  • Loans
  • Market
  • Movies
  • News
  • Pet
  • Real Estate
  • Social Media
  • Software
  • Sports
  • Tech
  • Technology
  • Tips and guide
  • Trading
  • Travel
  • Video
© Copyright 2022, All Rights Reserved, Powered By GPosting.com
  • Home
  • Privacy Policy
  • Contact us

Type above and press Enter to search. Press Esc to cancel.