Revolutionizing Industries with Big Data Analytics

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Taking Little H Company's 5-year savings plan (2-year contribution period) as an example, if the policy is surrendered in the first year, the guaranteed IRR will reach -13.46%, reflecting the potential loss of early surrender.

Therefore, before purchasing insurance, you must pay attention to the payback period and surrender policy of each plan, and understand the potential loss of early surrender. Of course, it is best for policyholders to implement a savings plan according to the policy term to achieve the highest return.

Understand the financial status of insurance companies
Savings insurance is different from bank gambling data india time deposits. The premium funds invested by the policy holder will not be protected by the deposit protection plan. Therefore, before purchasing insurance, you must first clearly understand the operating and financial status of the underwriting insurance company, as well as its credit rating and other background information. This is because Once the insurance company fails to fulfill the policy contract, the policyholder may lose all premiums paid and the protection specified in the policy.