Is it higher than bank interest to deposit money in an insurance company?

Putting money in an insurance company is called insurance and dividend insurance. If you buy an insurance company's product, this kind of wealth management product can't be returned. Once you ask for a refund, you have to pay a huge penalty, so you want to hit a wall and don't buy it desperately when you see the high interest rate. You should combine your own economic situation. Moreover, insurance is bought for more than ten years or even for life, so we must weigh our own abilities.

In fact, banks also have pure wealth management products and the interest rate is not lower than that of insurance companies. There are still banks that are flexible and free to withdraw money at any time when they are in urgent need.

Extended data

At present, there are four types of wealth management insurance on sale, namely dividend insurance, universal insurance, investment-linked insurance and old-age security management products. Different types of insurance have different risks.

1, dividend insurance, dividend insurance is characterized by both insurance protection and dividends. The amount of dividend depends on the amount of premium invested by customers every year and the choice of products, so the dividend may be high or low, or it may not be paid. The dividend of dividend insurance mainly comes from the dead difference, fee difference and spread brought by investment, and its investment income is uncertain. The insurance company will distribute a part of the distributable surplus in the dividend insurance account to customers according to the specified time. If there is no surplus, dividend insurance will not pay dividends.

2. Universal insurance is the product that guarantees the lowest interest rate, and the short-term withdrawal fee is charged. Compared with dividend insurance, universal insurance is more flexible and the income may be higher. That is to say, in addition to providing life protection like traditional life insurance, universal insurance can also allow customers to directly participate in the capital investment activities in the investment account set up by the insurance company for the insured, and link the policy value with the capital performance in the investment account of the insured operated independently by the insurance company.

General universal insurance has guaranteed income, but the part higher than the guaranteed income is uncertain. In addition, because the purchase of universal insurance needs to deduct the initial cost, risk management fees and other expenses, the personal account value of the policy in previous years will be relatively low, and there will be some losses if you surrender.

3. Investment-linked insurance is investment-linked insurance, which is a form of insurance that combines insurance protection with investment savings. Insurance companies set up separate investment accounts for the insured, which are operated by specialized investment experts. After deducting a small amount of expenses, the investment income will be transferred to the insured's personal account. The insured does not participate in other profit distribution of the insurance company. The investment account does not promise investment returns, and all investment gains and losses of the investment account shall be borne by the insured.