1. Life insurance has transformed the social system in China, and the traditional pension system that relies entirely on the state and units has gradually undergone profound changes. The state's "full responsibility" for employees' illness and death has become a thing of the past, and people have realized that only they can truly guarantee their future lives. Therefore, when people are young, they are ready for early investment, and when they are old, they can have enough living security, so that they can live a "shady" life in their later years. It can be said that taking out old-age insurance is not only a sorrow shared by the elderly for their children, but also a filial piety dedicated by the younger generation to their elders.
2. Life insurance can cure diseases. As the saying goes, "Eating whole grains can cure all diseases", especially in the modern society with accelerated pace of life and increasingly fierce competition, people can still resist the past. Once a serious illness strikes, many people can't afford high medical expenses even if they are heavily in debt and have no family. Some families are rich and will run out of savings because of a serious illness. According to Shanghai Insurance published in the 6th issue of 1997, in a social survey of Shanghai residents, it was found that medical care and old-age care are the biggest demands in the life insurance market, and between them, the proportion of medical insurance occupies a major position, because in many life insurance types, hospitalization and accidental injuries cannot be covered separately, and they can only be insured as additional risks behind the main insurance. Therefore, in order to obtain an additional insurance, the public bought a main insurance by the way. It can be seen that people have realized that life insurance can make them get medical treatment and have the hope of recovery.
3. Life insurance gives children a sense of security. "Children are always children who need protection in front of their parents." This concept makes parents in China have more economic obligations to their children, and the economic ties between parents and children often last until their children get married and have children. China's family planning policy has increased the number of nuclear families, and children have a heavy burden from education expenses to marriage expenses. If the family income level is not high, it will be very difficult to bear these expenses. Therefore, many types of insurance suitable for children have undoubtedly brought timely rain to parents who want their children to make a fortune and women to become popular. Life/pension insurance
4. Life insurance is beneficial to its own development. Under the planned economy system, as long as a person has a work unit, he can enjoy the cool under the big tree, and personal risks such as birth, illness and death can be solved by the unit. With the gradual establishment of the market economy system, the transformation of the functions of the government, enterprises and institutions, especially the reform of the employment system and social security system, individuals have increasingly become the main undertakers of risks. As long as they are backed by suitable commercial insurance and gain more sense of security, many people can freely choose their own careers without hesitation, seize every opportunity to develop their talents and show their talents to the fullest.
Life insurance is an investment. With the improvement of China's financial market and the improvement of people's income level, life insurance, stocks, bonds, treasury bonds, commercial housing and so on are purchased. It has also become people's choice for maintaining and increasing the value of money. Life insurance generally consists of three parts: accident insurance, illness death insurance and value-added insurance. The main function of the first two kinds of premiums is to protect the losses caused by accidents, diseases and other accidents, which can be regarded as a kind of consumption; The value-added part of the premium is mainly used to increase the value according to the predetermined interest rate of the policy and meet the needs of the beneficiaries for old-age care and further education, and has the investment function. Life insurance in China's insurance market has complete functions, and most of them belong to comprehensive insurance. From the perspective of risk, supportability, reliability and profitability, they all have investment functions. Moreover, participating in life insurance will also enjoy certain preferential policies, such as tax exemption, which is quite superior to other investment means.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.