Insurance company: Faint role of Vietnam Deposit Insurance

Insurace company: According to a small survey, almost depositors "forget" deposit insurance on bank deposits. Deposit insurance is a risk precautions are many countries established to protect depositors in case a bank's inability to pay.

Insurace company: In most countries, the deposit insurance system was established by the government or the central bank. Therefore, the deposit insurance organization is the safety, the reliability, the security for customers' deposits in the banking system.

At the same time, deposit insurance institutions also perform another important task is to prevent and handle bank crises to ensure safety for the entire micro-finance systems.

However, these activities restructuring the banking system last trade in Vietnam does not have a firm imprint of deposit insurance. At the same time, according to a small survey, almost depositors "forgotten" when deposit insurance on bank deposits.

Faint role of deposit insurers

The primary role of deposit insurance is to supervise and check the safety of members participating in the deposit insurance. So that, insurance company will intervene and prevent the crisis could lead to collapse of the banking system. Yet, from the deployment schemes 254 "Restructuring the system of credit institutions period 2011 to 2015", the only role on each central bank to undertake. The shouldering too much responsibility of the central bank will overload and reduce management efficiency - operating monetary policy.

In addition, the ultimate goal is the protection of the insurance company to the depositors. But this also became too "luxury" for depositors. By the majority of them did not care about deposit insurance element when depositors.

Specifically, according to the survey, customers send money from the insurance brand reputation because banks accounted for 14%, 19% interest rates, deposit insurance is 9%, the rest are all factors. However, according to a survey from the author, more than 61% of customers send money known deposit insurance, but 95% do not care for that.

Insurace company: Thus, there is a question to be posed "apparently, the existence of is a burden?” If that happens, it will impact significantly on the national financial security. According to network model by the national financial safety, four strong pillars with a solid legal framework, dividing clear mandates and effective coordination mechanisms that created financial stability. The four pillars are: the Ministry of Finance, the deposit insurance institutions, central banks, and other monitoring organizations. However, in Vietnam, the central banks are pillars bear almost the entire three remaining pillars. One pillar "sooner or later" will lead to financial instability in the future.

Insurance company: Insurance for Children– What should you consider? – P.2

Talking about the link between insurance and education, insurance company has designed various kinds of products to please customer. One of these is educational insurance. The package of life insurance products for children is very popular, because the child will be learning and developing in a professional, dynamic environment which can discover and promote all of every child's potential. Life insurance for children is often this kind of integration.

If you have difficulty in choosing life insurance, please click here and enter the information, we will advise you on the best insurance package.

The value of protection

The main function of children is to protect people from the financial risks. Therefore, it is necessary to consider the amount that insurance company pays for life insurance customers when risks occur (protected denomination). It is true that the par value of security to be proportional to premiums: the higher the premium payment, the higher protection denominations.

However, do not choose too high denominations of protection, at which point you will be very tired of fees beyond the financial; nor should choose denomination protected too low, too low because the amount would not be enough to solve the problem if the risk occurs. This is one of important factors when buying life insurance for children.

Select the beneficiary when insurance for children

Life insurance contract always has two key actors:

The insured person is the person that lives and their life insurance.

The beneficiary is the person receiving the amount of insurance or other benefits from the insurance company for payment.

Thus, you absolutely can buy insurance for yourself, and specify the beneficiary, so that when the risk occurs or when the contract matures, the company will look to life insurance beneficiaries to pay (in case this case your children will be the beneficiaries).

Above are four factors to consider before buying insurance for your children. If you want to buy life insurance for the elderly, please read the article for life insurance for the elderly. Insurance company has provided all of products that you can consider.

Healthcare insurance and “to-do” list (Part2)

Should buy life insurance for parents instead of just buying for children

Since the main purpose of healthcare insurance is to ensure a financial solution for your family, so the insured amount is paid to their relatives and families whom insured when the unfortunate risks happen will help financial stability, payment of huge expenditures.

So you should join healthcare insurance for the pillars, as if the pillars unfortunately get any risks, the insurance will reduce the financial burden and the children can continue their future plans.

It not, you may choose one insurance contract with large denomination to defend for the whole family because the insurance company now also offers insurance products to protect the whole family.

With a better condition, you should buy for each person in your family a healthcare insurance contract.

Buy supplementary products

Since supplementary products provide personal accident additional benefits, health care services, , serious illness insurance, disability insurance and permanent additional benefits such as the right to exempt closed , complete insurance … so that when joining supplementary products for those family members, it means that you are protecting your family in only one healthcare insurance contract.

Especially joining supplementary products, you will be charged cheaper fees with high interest.

Should buy insurance contracts as much as possible

At the moment you are joining the insurance, the premiums must be consistent with the income to maintain the contract because insurance is a long-term plan and of course no one is sure about their financial stability for in the future.

For example, you’re the manager, you are paid 15 million one month, you pay 1 Package insured 30 million one year, and you are still able to maintain a 1, 2 years. But when you’re not a manager anymore, the income is only 10 million, so you will not have enough money to continue the contract. At that time, if you join a small package, when you get lower wage, you still have the ability to pay the fee. If your salary is up, you can buy more insurance package.

Comparison

To choose the insurance package suited to your needs, and take a look at the information of various insurance companies and the various insurance products. Accordingly to some main factors such as the world’s brand, financial strength, ability to manage the company’s financial or fees, benefits, conditions of protection and the content of contracts of each product, you can get the best product that best suits to your financial protection and yours financial needs.

9. Honesty

If you try to report untrustworthy, you should think again. Because when thehealthcare insurance company discovers that you have less to hide the health insurance company, they will refuse compensation when you’re at risk or cancel the contract with you.

Healthcare insurance and “to-do” list (Part1)

Everyone wants to be cared and want to take care of their family members so that healthcare insurance is the most civilized way to show love to the family. Firstly, let's take some minutes to read 9 tips! They will be helpful so that you could get one of the best insurance contracts.

Enrolling earlier, getting cheaper fees

There are many factors that impact on insurance fees such as life expectancy, the insurance period, the amount of insurance premium payment mode (month / quarter / year), sex, occupational group, health condition, age level , canceled rate of contracts before expired day, etc. Therefore, you’re still young; you do not only have an advantage for the premium, but also have a high proportion closing contract.

Health conditions are an important factor to all healthcare insurance products. If you don’t have a healthy lifestyle, or you usually smoke or get medical treatment, you will have to pay more premiums.

Never buy insurance when its fee is much more than your income

The current safety charge when participating life insurance is from 10% to 12% of your income, or more simply, you should pay insurance premiums by 1 year with your revenues of 1 month.

Besides, you should look into insurance denominations, how much the contract that you really need, because if you choose a healthcare insurance contract denominated greater than demand, it means that you pay more fees for 1 year in general.

If you understand the meaning and benefits of healthcare insurance, please join now!

Everyone is afraid of risk. They also fear all of the diseases but life is full of unexpected risks that no one can be sure that they can face to it, so when you understand the meaning of healthcare insurance is one way to avoid risks, a financial protection and making use of it right after the contract. Join it now!

Why join now? Because when unfortunately the risk (accident, sickness, disease, liver failure, kidney failure, cancer ...) arrived, there was no company shall provide services and it means that you can not afford anymore. Moreover, if you join a healthcare insurance sooner, it charges lower. It is obvious that the younger people, the lower risks and of course the ability to pass their risk is even greater.

You should pay fee yearly

As well as the way you save your money, if you spend your money with long-term term deposits, you will get a better interest rate, and healthcare insurance is too. If you pay the fee annually instead of monthly or quarterly, you will pay lower fees. Currently, many healthcare insurance companies provides a premium superior if you decide to pay for insurance contracts by month instead of by year.