Everyone knows that most employees are directly provided with various insurances by the company for retirement or medical care. However, as a weak group, babies do not have such protection, so many parents with the conditions will buy some suitable insurance for their babies to be prepared for the future. What insurance is suitable for a two-year-old baby? Let's learn about it together with the editor below.
What insurance is suitable for a two-year-old baby
Two year old children have poor resistance and are prone to some epidemic diseases, while insurance policies that require death as a condition for payment generally have a low medical payout ratio. When purchasing insurance for children, priority should be given to health insurance, especially inpatient medical compensation insurance. Relatively speaking, at this time, the compensation rate for insurance with death as the payment condition is not high. Generally, only after passing away at the age of 4 can one receive 100% death compensation.
What are the principles for purchasing children's insurance
First protect the adults, then protect the children. The reason is simple, only by ensuring the health and stable economic income of the family's pillars, can the protection of children be more than just empty talk. Guarantee comes first, profit comes second. Some parents have several dividend based education insurance in their hands, but none of them have any protection products related to accidents or illnesses. Experts suggest that the protection of children's health and growth should be given priority, and the order of purchase should be accident insurance, medical insurance, and education insurance. Other types of insurance can be supplemented as appropriate.
It is best for parents to first gather some information and have a basic understanding when purchasing insurance for their babies, otherwise they may be easily deceived by insurance personnel and buy inappropriate types. It's best to buy some injury insurance for babies when they are more active, and after they start studying, you can buy education insurance for them. Parents must be cautious when it comes to buying insurance for their babies.
