2065438+2007 the truth of surrender and delisting
In September last year, the No.76 document issued by the China Insurance Regulatory Commission put forward several new requirements for the design of insurance products, which was then formally implemented on April 1 this year. In addition to the requirements, this notice also clarifies that several insurance products that do not meet the requirements of the CIRC will also be discontinued before April this year 1. It is this word "stop selling" that began to be misunderstood by insurance salesmen, such as: "If there is no returned product to sell in the future, it will be gone if you don't buy it; "If an agent recommends you to buy insurance, please don't refuse, because you may never buy these insurances again." Even some insurance companies, official WeChat accounts, spread erroneous interpretations in a partial way, and the screenshots of the documents inside deliberately erased important contents, only circling the news of "stop selling".
Well, today I will take you to correctly interpret this insurance document No.76 released last year: not all the refundable health insurance and commercial endowment insurance should be discontinued, and the following unqualified insurance products should be delisted.
1, the guarantee level is not up to standard, so the sale should be stopped.
It means that raising the lower limit of the ratio of the insured amount to the premium is equivalent to improving the degree of protection and increasing the leverage ratio, which is beneficial to the beneficiaries in essence. Therefore, insurance products that do not meet this standard must be discontinued before April 1, not all types of products. In other words, it is better to stop selling those products with low cost performance.
2. The assessment interest rate of the universal insurance liability reserve is higher than the annual compound interest of 3%, and the sales will be stopped if the conditions are not met.
Many bancassurance products purchased by investors in banks are packaged in this universal insurance. The yields given by such products are not low, ranging from 6%+ at every turn, and even promise a guaranteed interest rate of 3.5%. High returns and high risks behind them. Therefore, in order to improve the safety of customers' funds and prevent financial risks, the China Insurance Regulatory Commission has restricted the interest rate ceiling of universal insurance in Document No.76. Therefore, those who do not meet the requirements before April 1 will stop selling.
3. Provide insurance for policy loans, and stop selling if the loan ratio is too high.
Some savings-oriented policies can mortgage loans. Previously, the loan ratio can reach more than 80% of the cash value of the policy, while the loan ratio of many products is as high as 90%, and it is said that some even exceed 95%. After April 1, the loan ratio of all policies should not be higher than 80%, and violators should stop selling.
In my opinion, the discontinued products are not as "value-added" and "perfect" as advertised. Don't blindly follow the propaganda of "stop selling" You have to choose the insurance products that suit you according to your insurance needs, such as premium and protection level.
For the insurance products that have been purchased to stop selling, the insured can also rest assured that the insurance company will fulfill the terms in accordance with the contents of the contract. In other words, the rights and interests of the insured will not be affected by the suspension of product sales. Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China
Relevant suggestions
20 17 return insurance recommendation
In life, risks are everywhere, accidents come suddenly, and diseases come uninvited. Can you handle it? If you can't cope, please buy an insurance for yourself or your family. Moreover, the current insurance not only has the basic guarantee function, but also has the return function. You can still enjoy welfare when you are sick. Why not? Next, I would like to introduce a 20 17 return insurance product for your reference.
Rumors! The return insurance is fake.
I believe that people who pay attention to insurance news have heard a message circulated in the circle of friends a while ago that the Measures for the Administration of Health Insurance 20 17 1 came into effect and the return of health insurance will soon be discontinued. Since then, all health insurance is consumer-oriented, and the era of losing money due to illness and returning to the original without illness is over ... ",and a video of the media reporting the news is also attached. Return insurance has therefore become a hot search and a topic of concern to many people. Is this really the case? And listen to how the authoritative CIRC explains it.