First of all! Never recommend universal insurance! Want to know why, you can look at my article published in Internet Insurance Weekly, which has a detailed explanation. I suggest you have a look first.
Below I will focus on how smart star products are, how much income they can get, and whether they are worth buying.
First, product evaluation | How about Ping An Smart Star?
Let me tell you something about the safety of smart stars:
As we can see from the picture, the biggest advantages of this product are:
Can flexibly receive account value. In short, you can use it in your account according to your own needs, which can be used as an education fund or as expenses for starting a business or getting married. Compared with the general annuity insurance in the market, it is generally not free, which is really attractive.
On the other hand, the defects of this product are also worth noting:
1. It seems that the protection is comprehensive, but it is worrying.
(1) The insured amount is unreasonable. You may wish to take a look at the following figure, which is about the problems existing in the content of Zhixing additional insurance protection:
Not to mention the low protection of critical illness insurance, the bigger problem is to allocate life insurance to children. Life insurance serves as the pillar of the family, and it is of little use to distribute life insurance to children. You know, the average cost of treatment for a serious illness here is 300,000, assuming that the insurance coverage of using the additional insurance of Zhixing is really too low. If parents plan to start because this product comes with a variety of basic insurance, please see clearly.
(2) Mild illness is not guaranteed.
Everyone should know that minor illness is relative to serious illness. If it is not cured, it is very likely to deteriorate into a serious illness. Therefore, if an insurance has comprehensive protection for mild diseases and consumers can cure the root cause through the money obtained from claims, then the probability of suffering from serious diseases will be much reduced;
That's why I would suggest that serious illness insurance products with mild symptoms should be considered first. At present, many affordable serious illness insurance on the market have mild illness protection, but Wisdom Star does not have mild illness protection, which is really fatal.
2. The dividend yield is low. The following table, I hope you can have a look:
The initial cost described in the above figure is the management cost that the insurance company will deduct from the premium; In addition to the initial cost, you need to deduct the guarantee cost of additional insurance; Let me give you an example to calculate how much money is left in the universal account:
For example, a 27-year-old man insured the baby of a 0-year-old boy with a premium of 7,000 yuan. After deducting the management fee in the first year, the principal used to generate income is: (premium) 7,000-(initial cost) 7,000 * 35%-(guarantee cost) 1467 = 2033 yuan.
After deducting the management fee from the premium of 7,000 yuan, the account principal is only about 2,000 yuan;
In addition to the worrying residual principal, the guaranteed interest rate of this insurance is 1.75%, and the interest rate of Yu 'ebao is almost 2%. The interest rate of this insurance is really too low. The guaranteed interest rate has been lower than the average market interest rate, and more management fees have to be deducted from the premium. Attention, everyone!
More shortcomings, in order to save time, I won't give examples one by one; If you want to continue to understand what is missing, let's take a look:
Second, how much can I get by buying Ping An Smart Star?
I take the premium of 7,000 yuan as an example to calculate the guarantee income in the first year, and then deduct the upfront cost and guarantee cost in the first year, and multiply it by the deducted guarantee interest rate: (7000-3500-1467) *1.75% = 35.58, so this price is the guarantee income that everyone gets in the first year.
If you rely on this part of the principal to manage your finances, parents who are preparing for their children's future may have to wake up.
3. Is Ping An Smart Star worth buying?
Parents who want to start this insurance should be cautious; It seems that the protection is comprehensive, but in fact there are many defects.
I understand that parents are attracted by the word "omnipotent", and products that can guarantee and manage money are really attractive, but I want to remind you that as an insurance, it is difficult to be perfect, even universal insurance has its shortcomings; I still hope that parents can really configure basic insurance and then consider financial management;
It is not terrible for a child to be ill. The terrible thing is that the protection is not enough; Finally, I will share with you a list of popular children's critical illness insurance. If necessary, you can do your homework: the list of top ten insurance companies worth buying!