Banks have always been an important sales channel for insurance products, referred to as bancassurance channels. The reason is the trust of depositors. People believe in banks, and they will naturally believe in the insurance financial products recommended by banks. Some netizens went to Industrial and Commercial Bank of China to apply for time deposits. , the account manager introduced a five-year insurance financial product, so is ICBC's five-year insurance product reliable?
Topics in this issue:
1. What is the five-year term insurance underwriting company like?
2. What is the expected return rate of insurance financial management in five years?
3. Which is more cost-effective, five-year time deposit or five-year insurance financial management?
1. How about the five-year term insurance underwriting company?
The underwriting company for the five-year insurance financial products sold by ICBC is ICBC AXA Life, which was established in 2012 and has 19 provincial branches. From the network point of view,
is widely used in Shanghai, Jiangsu, Zhejiang, Guangdong, Hebei, Shandong, Beijing, Tianjin, Liaoning, Sichuan, Henan, Hubei, Shaanxi, Shanxi, Fujian, Anhui, Chongqing, Guangxi, Yunnan, and Jiangxi. The daily customer service at the branches is relatively convenient. If you have anything to do, you can go to the branch and feel more at ease.
From the perspective of shareholders: the major shareholder is Industrial and Commercial Bank of China, which holds 60% of the shares, and absolutely controls ; AXA China holds 27.5%; Minmetals Holdings holds 10%; ICBC AXA is a state-controlled insurance company, not Private enterprise.
looks at solvency: in the fourth quarter of 2021, the core solvency and comprehensive solvency are both 159%. Sustained profitability. Strong solvency and sustained profitability are more important for product dividends.
ICBC AXA Life Solvency
2. What is the expected return rate of insurance financing in 5 years?
Five-year insurance financing is end-all insurance dividend type, with dividends every year, maturity bonus at maturity, and death benefit of 100 -160% premium. Among them, the maturity payment is determined and written into the contract. The dividend is related to the operation of the insurance company. The actual amount of the dividend is based on actuarial assumptions and is uncertain.
After five years, you can get the maturity bonus + accumulated dividends. Take a look at the benefit demonstration:
End-to-end insurance dividend type
is for a 0-year-old baby, with a lump sum payment of 100,000 yuan, a basic insured amount of 110,241 yuan, low-end dividends, mid-range dividends and The estimated data for high-end dividends are as follows:
low-end dividend 0 yuan + maturity gold 110,241 yuan = 110,241 yuan (minimum return)
mid-range dividend 5,525 yuan + maturity gold 110,241 yuan = 115,766 yuan,
high-end dividend 11,144 yuan + maturity gold 110,241 yuan =121385 yuan
Which one is more cost-effective, a three-year term deposit or a five-year insurance financial management?
Take a look at the current five-year deposit interest rates of different banks:
Bank savings interest rates
Different companies have different interest rates, some are high and some are low. Assume that the five-year deposit interest rate is 3.5%, then for 100,000, the five-year maturity income is 100,000× 3.5% The simple interest is: 10241÷5÷100000=2.048%
The five-year insurance financial management return rate is between 2.048% and 4.277%. Whether personal savings are cost-effective depends on the bank you choose.
summary: bank five-year insurance financial management, with guaranteed returns, is underwritten by the insurance company, so you don’t have to worry about the principal. Even if the insurance company goes bankrupt, a new insurance company will take over and continue to bear the responsibility, such as Anbang Insurance collapses , and everyone insurance will continue to bear the responsibility. The key is the product return rate of 2%-4.27%, depending on whether the personal income expectations match.
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