Not a scam.
China Life is is a state-owned mega financial and insurance enterprises, headquartered in Beijing, the world's top 500 enterprises, China's top 500 brands, the state vice-ministerial unit. The company's predecessor was the former People's Insurance Company of China, founded in 1949, which was split into CIB Life Insurance Company Limited in 1996 and renamed China Life Insurance Company in 1999.
China Life Full Life Whole Life Insurance is a low-payment, high-protection insurance with comprehensive disease protection insurance of up to 125 types. It includes 80 kinds of critical illness protection + 30 kinds of specific disease protection + 15 kinds of pediatric diseases. If the insured person suffers from any of the 30 specified diseases or 15 children's diseases during the premium-free period, the unpaid premiums will be waived and other benefits will still be available.
Insurance example:
The insured person, Mr. Zhang, is 30 years old and has taken out a policy for himself with Guoshou Fukumang Lifelong Whole Life Insurance (Participating Type), with an annual premium of RMB 50,000 yuan, 10 years of premiums, a basic insurance amount of RMB 92,954 yuan, and a Fukushoujinjin starting age of 60 years old, which will provide him with the following benefits:
One: immediate payment and high return
From the beginning of this contract, Mr. Zhang will be able to enjoy a high return on premium. p>
From the effective date of this contract to the effective date of Mr. Zhang's 74th birthday, if Mr. Zhang survives, he can receive RMB 9,795.4 per year before the effective date of his 60th birthday, and RMB 18,590.8 per year from the effective date of his 60th birthday to the effective date of his 74th birthday.
Second: Free choice of age
The age of receiving the Life Benefit is 55 years old and 60 years old, which Mr. Zhang is free to choose according to his own wishes when he enrolls in the policy.
Three, multiple benefits and surprises
From the effective date of this contract to the effective date of Mr. Zhang's 74th birthday, if Mr. Zhang survives, he will receive a special survival benefit of RMB500 per year before the effective date of Mr. Zhang's 60th birthday, a caring benefit of RMB9,295.4 per year, and an annual benefit of RMB18,590.8 per year from the effective date of Mr. Zhang's 60th birthday to the effective date of Mr. Zhang's 74th birthday; if Mr. Zhang survives, he will receive an annual benefit of RMB1,000 per year until he reaches his 74th birthday. If Mr. Zhang survives until the effective date of his 75th birthday, he will receive another RMB 92,954. In addition, Mr. Zhang can also receive dividends every year according to the company's business situation.
Fourth, comprehensive protection, double care
If Mr. Zhang dies due to illness within one year from the effective date of the contract, the company will pay 50000 RMB as death benefit and the contract will be terminated; if Mr. Zhang dies due to circumstances other than those mentioned above before the effective date of Mr. Zhang's 60th birthday, the company will pay 185,908 RMB together with the premiums paid (without interest) and the death benefit and the contract will be terminated. The contract will be terminated.
Since the effective date of Mr. Zhang's 60th birthday, if he dies, the company will pay the death benefit according to the sum of the unclaimed life benefits (excluding the unclaimed life benefits before Mr. Zhang's death) and the maturity benefit, and the contract will be terminated.
If Mr. Zhang suffers an accidental injury and dies before the effective date of his 60th birthday due to the accidental injury within 180 days from the date of the accidental injury, the Company will pay the death benefit according to the above provisions and then pay an accidental death benefit of RMB743,632, and the contract will be terminated.
Expanded InformationGuoShou FuManLife Double Insurance (Participating Type) Scope of Insurance
Any person who is born more than twenty-eight days and less than fifty-five years old and in good health can be the insured, and the person himself/herself or the person who has the insurance interest in him/her can take out this insurance with the Company as the policyholder.
GuoShou FuManLife Two Whole Life Insurance (Participating) Payment Methods
Annual payment.
Guo Shou Full Life Whole Life Insurance (Participating Type)
There are two types of premium payment periods: five years and ten years.
The insurance period of Guoshou Full Life Two Whole Life Insurance (Participating Type)
The insurance period of this contract is from the effective date of this contract to the effective date of the year when the insured reaches the age of seventy-five years old
Guoshou Full Life Two Whole Life Insurance (Participating Type)
The age of the beginning of the receiving of the benefit is divided into 55 and 60 years old, and the starting age is divided into two types: five and ten years old. The policyholder can choose either one of them as the commencement age of life benefit under this contract when applying for the policy. Once the starting age of the benefit is determined, it cannot be changed during the insurance period of this contract.
The commencement date of this contract shall be the annual effective date of the commencement age of this contract.
Reference
GuoShou FuManLife Double Insurance-Chinese Life Official Website