China PICC pays more than 654.38 million pounds a year.

The insured amount refers to the economic compensation liability that the insurance company should bear when the insurance liability occurs. For example, the insured amount of death protection is 10W, so if the insured dies, the insurance company will compensate 10W.

China Life's happy life is dividend annuity insurance.

There are three main types of insurance liability.

First, the insurance takes effect until the insured reaches the age of 74, and the living allowance is paid every year.

Two, the insured has reached the age of 75 to pay the due insurance money.

Three, the insured died of illness or accident, payment of death insurance.

These three items are all related to the basic insurance amount * payment period.

You need to look at the basic insurance amount indicated on the insurance policy. The longer you pay, the higher the coverage of your policy.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.