Because insurance deposits need to sign contracts, and contracts have legal benefits. However, reliability does not mean that there is no risk. Market risk, credit risk and operational risk may all lead to the shortage of funds for insurance companies. If the insurance company fails to repay the deposit in time, the depositor will suffer losses. But you don't have to worry too much, because the insurance regulatory authorities will supervise and evaluate the financial situation of insurance companies in accordance with the requirements of laws and regulations, so as to ensure the stable operation of insurance companies and protect the rights and interests of depositors.
In addition, insurance deposit is an investment method, which can usually provide higher interest rate than traditional savings account, but the return may not be as high as other investment methods, and it may have its own handling fees and management fees, which may reduce the total return, so we should consider its advantages and disadvantages.