As China's aging population becomes increasingly prominent, ensuring the health and safety of the elderly has garnered significant societal attention. Insurance, as a critical tool for risk management, underscores the importance of selecting suitable insurance products. However, with the plethora of complex insurance options available, how should the elderly make informed choices? The China Life Property & Casualty Insurance Beijing Branch offers the following five key points to consider before purchasing insurance products:

First, elderly individuals should communicate extensively with their children when buying insurance. The market is replete with diverse and constantly evolving insurance products, and the elderly often lack familiarity with them, making them vulnerable to selecting inappropriate products. Therefore, it's advisable for the elderly to discuss options with their children and heed their suggestions.

Second, caution is advised regarding high-yield insurance products. Generally, high returns come with high risks. Many elderly individuals have limited financial literacy and may be swayed merely by promises of 「high returns,」 overlooking the associated risks.

Third, insurance purchases should be made based on one’s financial situation. The essence of insurance is to enhance life security rather than add financial burden. Elderly individuals should reasonably budget their premiums based on their pension levels and savings status, ensuring that the chosen payment terms and methods support a sustainable protection plan without compromising their current quality of life.

Fourth, priority should be given to accidental injury and medical insurance. The likelihood of the elderly experiencing accidents is higher than that of other age groups, making accidental injury and related medical coverage essential for mitigating these risks.

Fifth, understanding the claims process is vital when buying insurance. The ultimate goal of purchasing insurance is to receive compensation when risks materialize. Consumers should familiarize themselves with the claims process post-purchase; in the event of an insurance incident, it is crucial to promptly contact the insurance company or visit a local branch to file a report, ensuring that all necessary documentation for the claim is prepared and submitted.

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