Insight into contemporary youth’s Insurance attitude From China Merchants Bank

The following is the Insight into contemporary youth’s Insurance attitude From China Merchants Bank recommended by recordtrend.com. And this article belongs to the classification: User Research.

In the post epidemic era, after a short period of “retaliatory consumption”, people quickly entered the stage of “retaliatory saving”. Even young people who always like to consume in advance began to seriously think about financial management and saving, not to mention young and middle-aged people who are carrying the “mountain” of housing loans, car loans, families and pension.

As a result, more and more young people choose to reduce takeout, shopping desire and compulsory financial management through savings, fixed investment and insurance.

Should insurance be bought or not?

At present, the awareness of universal insurance has been gradually enhanced, but the contemporary youth’s awareness of insurance is still polarized. This can be seen from the report on Contemporary Youth insurance attitude recently released by China Merchants Bank.

According to the survey results of the report, 59% of the people have insurance experience, while 41% of the people have never bought insurance, showing a trend of polarization. Among them, 26% of the people who have never bought insurance have plans to buy insurance, and 46% of the people who have bought insurance have plans to buy insurance again.

From the report, we can see that some people like to buy insurance to give themselves a secure future, while others are optimistic about the future. They think that social security is enough. Is this really the case?

Is social security enough to deal with risk?

As a national welfare system, social security can be insured with illness, renewed and effective for a long time. However, social security is “insured but not covered”. There are many situations that cannot be taken care of in the reimbursement. Not only are there upper / lower limits of insurance, but also some imported drugs are not covered by the reimbursement. Of course, this is not to say that social security is not good, but as a basic security, it solves the most basic problems of the public.

For example, Mr. A, an urban worker, unfortunately suffered from a serious illness. He needed 400000 yuan for treatment, and 40% of the medical insurance reimbursement was 160000 yuan. Then the remaining 240000 yuan still had to be paid at his own expense. For an ordinary family, 240000 yuan was also a big expense, so if he wanted to pass on the risk, social security alone was not enough.

In fact, commercial insurance and social security can complement each other organically. Let’s take an interesting example. Social security is like a semifinished house. If we want to live in it, we have to decorate and buy furniture. It’s up to us to decide whether we want to decorate, hardcover or luxury. When the two complement each other, we can better enhance our ability to resist risks, so that even if the accident comes, life will not plummet.

How should young people choose insurance?

Since commercial insurance is so important, what kind of insurance should we choose? Let’s see what the report says. Whether they have bought or plan to buy insurance, the report shows that more than 60% of people have bought or plan to buy critical illness insurance.

For young people, the protection function should be considered first, and then the investment and financial management. Therefore, we should put the risks of serious diseases, accidents and medical treatment in front of our eyes and take the lead in thinking about them, because once we have a serious disease, we can’t work, have no income and have to spend a lot of money on treatment, which has a very serious impact. Pension, inheritance and financial management are the future long-term risks, which can be placed in a relatively secondary position. In addition, when buying commercial insurance, we need to consider personal income and family status to make reasonable allocation.

Young people’s new posture of pension financing

According to the report, more than 90% of the people who buy insurance are between 18 and 45 years old, of which 58% are between 25 and 35 years old. Young people are the main force of buying insurance. In the “post-90s security report” released by China New Economic Research Institute and an insurance platform, it also shows that nearly 30% of the post-90s have purchased endowment insurance for themselves, starting to lay the foundation for the pension plan after 30 years, and the age of pension planning also begins to show a trend of younger.

In addition to “avoiding risks”, insurance has become a rational cognition of life planning and wealth allocation.

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