Before that, let me explain to you that I don't recommend universal insurance. If you want to know why, you can look at my article published in Internet Insurance Weekly, which is very detailed. 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?
You can look at the specific protection of smart stars:
As we can see from the picture, the biggest advantages of this product are:
Can flexibly receive account value. Simply put, everyone can get the value of using the policy account according to their own choice, which can be regarded as an education fund, and can also be used for starting a business and getting married. Compared with the general annuity insurance in the market, it is generally not free, and this advantage of smart stars adds a lot of points.
But in fact, 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 can take a look at the following picture about the additional insurance of this product:
Let's not mention the problem that the life-long critical illness insurance is too low. It is unreasonable to allocate life insurance to children. Life insurance serves as the pillar of the family, and it is impossible to give full play to the role of life insurance in children. You know, if you want to treat a serious illness, the average cost is 300 thousand. If you use the insurance coverage of smart stars, it is a drop in the bucket. Therefore, parents who choose because smart stars have various additional risks should be awake now!
(2) Mild illness is not guaranteed.
Everyone should be clear that the concept of minor illness is relative to serious illness. If a minor illness is not completely cured, it is very likely to deteriorate into a serious illness. Assuming that the protection of mild illness in an insurance is comprehensive, consumers will take this claim to completely cure the disease, and the probability of suffering from serious illness is bound to drop a lot;
Therefore, I have always stressed that the first consideration is the serious illness insurance products with mild symptoms. At present, many affordable critical illness insurance on the market provide minor illness protection, but smart stars do not. No one can step on this minefield.
2. The dividend yield is low. Let's take a look at the following table:
The joining fee mentioned in the above table is the administrative fee that the insurance company will deduct from the premium; In addition to the initial cost, but also deduct the guarantee cost; 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 a 0-year-old baby boy for 7,000 yuan, and the principal actually used in Qian Shengqian in the first year was: (premium) 7,000-(initial cost) 7,000 * 35%-(guarantee cost)1.467 = 2,033 yuan.
After deducting the management fee from the premium of 7,000 yuan, only about 2,000 yuan will be paid to the household;
Not only that, the guaranteed interest rate of this insurance is 1.75%, and the interest rate of Alipay's balance treasure is close to 2%. The interest rate of this insurance is really too low. The guaranteed interest rate is much lower than the market average interest rate, and more management fees are deducted from the premium. Those who want to buy this insurance should look carefully!
More deficiencies, limited to space, will not be detailed here; If you want to know other disadvantages of this insurance, you can take a look:
Second, how much can I get by buying Ping An Smart Star?
Taking the premium of 7,000 yuan as an example, we calculate the guarantee income in the first year, and then subtract the initial cost and guarantee cost in the first year. The final principal is multiplied by the guaranteed interest rate: (7000-3500-1467) *1.75% = 35.58, so this price is the guaranteed income for everyone in the first year.
If this money is used to manage money, parents who save money for their children's future education, entrepreneurship and marriage may wake up.
3. Is Ping An Smart Star worth buying?
I don't advise you to buy this insurance; It seems that the guarantee is perfect, but it is not satisfactory.
I can understand that parents want to buy the best insurance products for their children, and products that can guarantee and manage money are really attractive, but what I want to say is that even a universal insurance is difficult to achieve the best of both worlds, even a universal insurance is not omnipotent; Therefore, I still suggest that parents really do a good job of basic protection before considering financial management.
It is not terrible for a child to be ill. The terrible thing is that the protection is not enough; Here are some popular critical illness insurance for children on the market. Can be compared: the top ten insurance companies "worth buying" critical illness insurance inventory!