Since five rural banks in Henan and Anhui were unable to withdraw cash on April 18, 400,000 depositors must have been very anxious.
But more people are already trembling with fear and fear.
Two days ago, an ordinary announcement of the resignation of the bank president caused market turmoil.
The director and president of Nanjing Bank resigned from their positions in the bank due to work needs.
What I never expected was that after the opening of A shares the next day, the share price of Bank of Nanjing plunged rapidly, once hitting the limit.
The turnover was as high as 3.734 billion yuan, while the normal daily turnover of Bank of Nanjing was 400-500 million yuan. level.
Using "frightened bird" or "fleeing away" is probably not an exaggeration.
Rumors spread all over the place.
The Bank of Nanjing realized that the momentum was not good and immediately issued an announcement to refute the rumors.
At the same time, the new position of the former president of the Bank of Nanjing also quietly appeared. It turned out that he was working in an investment group under the Nanjing Municipal State-owned Assets Supervision and Administration Commission.
In order to boost market confidence, the Bank of Nanjing also announced that three major shareholders increased their holdings of 280 million shares in the second quarter.
In this way, the shocking "72 hours" were successfully passed.
The Bank of Nanjing can be said to be "laying the gun" in this incident
However, "once bitten by a snake, it will be feared for ten years"
It is also true that the continuous exposure of rural banks has reduced the trust of ordinary people in commercial banks
Many people have also begun to worry about
Will similar problems occur when buying insurance?
1
Deposits vs. Insurance
In the matter of Henan rural banks, it seems that the online transaction systems of these banks involved are controlled and exploited by Henan New Fortune Group
Some depositors' deposits were not even entered into the bank's account
If $ Entered the bank , then it is protected by the " Deposit Insurance Regulations ", and the principal and interest within 500,000 are guaranteed no matter what.
Many depositors have already printed out business deposit certificates at the counters of rural banks.
If it is not deposited into the bank, it will be complicated and it will become a fraud.
The subsequent rights protection will be very difficult.
Is the insurance you bought fake?
In fact, this worry is not unnecessary.
Search Baidu and you can find a lot of news about fake insurance policies.
The main method of committing crimes is that the salesperson fabricates insurance and financial products, and then forges the seal of the insurance company and creates fake insurance policies
Using high returns as bait, he sells them to acquaintances
Sometimes the monthly interest can reach 3%, The annual interest 6%
The premiums received will naturally not be handed over to the insurance company, but will be withheld.
When one day there was really no money to pay interest or dividends, the matter was exposed.
Some cases even lasted for more than ten years before they were discovered.
But fake insurance policies and fake deposits are still different.
1. First of all, the perpetrators are different.
The thing about Henan Village Bank is that there is an insider in the bank, whether it is through controlling key accounts or developing a fake system
Key departments of the village bank, bank shareholders, or even the initiative of the village bank Business , agriculture and business are all involved.
’s method of concealing the truth is really incredible.
In the end, the money did not enter the bank's real system and was taken away by the bank's major shareholder.
As for the matter of fake insurance policies, it remains at the agent level.
The insurance company is not involved.
2. Fake insurance policies and fake deposits are confirmed in different ways
The authenticity of the policy is subject to official verification.
The policy we get, whether it is electronic or paper, will display a unique policy number
You can check it through the official mobile APP, official website, official customer service phone number, Internet platform or third-party WeChat applet or public account
If you want to check whether an insurance product is on sale, you can also check the registration number through the official website of the insurance company or the China Banking and Insurance Regulatory Commission website.
But it is too difficult to identify fake deposits. Deposits are just a series of numbers that change in real time.
If it were not for the inability to withdraw cash, no one would have noticed it at all.
Insurance at least has a signed contract in hand.
After the village bank incident, many influencers on the Internet suggested that everyone go to the bank to get a deposit certificate, which is actually something similar to a contract.
There are also differences in the establishment conditions of insurance companies and banks.
It is very difficult to obtain an insurance license in China.
Hong Kong is a small land with a population of more than 7 million. There are 163 insurance companies.
Mainland China has more than 9 million square kilometers of land and about 1.4 billion. of the population, there are only 238 insurance companies.
Article 68 of " Insurance Law of the People's Republic of China "
(1) The major shareholders have sustained profitability and good reputation. There are no major violations of laws and regulations in the past three years, and the net assets are not less than RMB 2 100 million yuan;
(2) Have articles of association that comply with the provisions of this Law and the " Company Law of the People's Republic of China ";
(3) Have registered capital that complies with the provisions of this Law;
(4) Have professional knowledge and business work Experienced directors, supervisors and senior managers;
(5) Have a sound organizational structure and management system;
(6) Have business premises that meet the requirements and other facilities related to business operations;
(7) Laws and administrative regulations and other conditions specified by the insurance regulatory authority of the State Council.
In other words, it’s not enough to just have money, you also need to be clean, have the right people, and have the ability to operate.
So for every "small company" you have never heard of, the shareholders behind it are either local governments, central enterprises, industry leaders, or capital giants.
No insurance company is too small.
The conditions for the establishment of commercial banks are relatively loose.
(1) Have a charter that complies with the provisions of this Law and the "Company Law of the People's Republic of China";
(2) Have a minimum registered capital that complies with the provisions of this Law; establish a national commercial bank The minimum registered capital limit for the establishment of city commercial bank is 100 million yuan, and the minimum registered capital limit for the establishment of rural commercial bank is 50 million yuan;
(3) Have directors and senior managers with professional knowledge and business experience;
(4) Have a sound organizational structure and management system;
(5) Have business premises, safety precautions and other business-related facilities that meet the requirements .
If it is a village bank, a registered capital of 1 million is enough
As of the end of 2021, the number of rural banks nationwide is 1,651
From this number comparison, it can also be seen that opening an insurance company is much more difficult than opening a bank.
Getting an insurance license is not a good thing.
In order to ensure that insurance companies can afford compensation, Supervision Dad uses the most stringent C-ROSS system in the world, also known as "C-ROSS".The set of standards
is not only in line with international standards, but its key indicators exceed the current standards in Europe and the United States.
According to this standard, supervision requires every insurance company to submit a stress test report at the end of each quarter and year, so that it can withstand a major disaster that occurs once in 200 years.
Such as the Wenchuan earthquake, which only occurs once in 50 years.
When an insurance company meets the following three requirements at the same time, it will be deemed to have met the solvency standard.
Core Solvency adequacy ratio is not less than 50%
Comprehensive solvency adequacy ratio is not less than 100%
The comprehensive risk rating is in Category B and above
If the solvency is not up to standard, the China Banking and Insurance Regulatory Commission will take action against the insurance company. There are various restrictions
, such as shareholders increasing capital, suspending the opening of new branches, suspending the issuance of new insurance policies, and even forcing insurance companies to sell high-quality assets.
Just like we pay social security five insurances and one fund , the insurance company receives our premiums and must first pay four funds
margin - 20% of the registered capital is given to the supervisor
liability reserve - for each business A certain proportion
Provident Fund - 10% of the insurance company's profits for the year is paid to
Insurance Protection Fund - 0.8% of the insurance company's premium income for the year is paid
For policies with high compensation risks in the hands of insurance companies, you have to find reinsurance companies Share some of the risk.
In short, it ensures that consumers can get money when they file a claim.
In the banking regulatory system, there are only deposit reserve and reserve fund requirements, and the ratio is much lower.
The weighted average rate of deposit reserves of financial institutions in 2022 is only 8.1%.
There is no provident fund, margin and reinsurance system.
In case it still goes bankrupt. What should I do?
Although no insurance company in China has ever gone bankrupt, if something happens, the country will help us find a successor.
According to Article 92 of the "Insurance Law"
When an insurance company goes bankrupt, the supervisor will find the insurance company to take over our policy.
The contract will continue to be valid and the legitimate interests of the policy will not be affected.
We don’t have to worry about no one taking over. For every insurance we buy, part of it will be given to the insurance protection fund
. At present, the scale of this fund has exceeded 180 billion.
If the bank goes bankrupt, according to the "Deposit Insurance Regulations"
the principal and interest of less than 500,000 can be fully compensated. If the amount exceeds 500,000, it can only depend on how much compensation can be obtained after the assets are liquidated.
Therefore, it can be seen from the difficulty of establishment, the intensity of supervision, and the degree of post-bankruptcy protection.
Although they are both part of the financial troika, the security of insurance is the highest!
2
What other safe financial products are there?
In addition to bank deposits below 500,000, there are also products that can guarantee the safety of the principal, including treasury bonds, money funds and savings insurance
treasury bonds
treasury bonds are endorsed by national credit and have the highest default security level
5-year savings in June last year The interest rate on government bonds is still at 3.97%.
This year’s 3-year interest rate is 3.35%, and the 5-year interest rate is already 3.52%!
Currency Fund
Currency Fund has relatively low risk. It will not fluctuate greatly after buying, and basically the returns are positive.
The most famous currency fund should be " Yu'e Bao ".
With the help of the golden name of Alipay , the scale of " Tianhong Fund " connected with Yu'e Bao exceeded the total number of other monetary funds in China in 2018.
In the beginning, Yu’ebao’s seven-day annualized rate of return once reached 6%
, but the current annualized rate of return of Yu’ebao is 1.668%.
It can be seen that due to the impact of the downward interest rate environment, the yields of government bonds and monetary funds are declining.
Even if it seems that the profit is not bad now, it may take at least one or two years, or as long as three or five years to find alternative products.
Will the interest rate at that time be the same as now?
There is a high probability that it is not possible.
However, savings insurance, whether it is annuity insurance or incremental whole life insurance, has the function of locking in interest rates.
When taking out insurance, the future income is written in black and white in the contract.
What you see is what you get
The security of insurance contracts has been introduced before
No matter what the external environment is, the insurance company must honor the contract.
The predetermined interest rate caps for incremental whole life and annuity insurance are now the same, both at 3.5%.
Relatively speaking, the increased whole life also has the advantage of flexibility.
However, the supervisory father also pays close attention to the increased whole life and has issued a lot of notification documents.
Before, the income was relatively high and the access was more flexible. A lot of additional life insurance products have also been sold one after another.
While there was still some time, I quickly took stock of most of the additional life insurance products on the market and picked out the top products.
Friends who are anxious and just want to know which products they are and their income status can leave a message on "List" to arrange one-on-one consultation.
3
How to judge whether a lifetime increase is good or not?
Increased whole life is essentially a financial management insurance and a long-term cash flow planning tool.
Since it is financial management, income must be the most important thing.
1. Income ✯✯✯✯✯
Cash value is the soul of incremental whole life
The income of incremental whole life is mainly reflected in the cumulative growth of cash value.
Supervision Dad stipulates that the upper limit of the predetermined interest rate for incremental whole life is 3.5%, so the closer to 3.5%, the better.
Currently, the first-tier incremental lifetime internal rate of return (IRR) on the market exceeds 3.49%.
✮14 life-increasing product introductions and messages" list "Get high-definition large picture↑↑↑
Look at how much a 35-year-old woman can get for each product?
One-time sex
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In this payment plan, Shanhaiguan Tiger Roar Liangquan Edition and Pacific Ocean's Long Accompanying (Celebration Edition) have the fastest payback time
followed by Pingxingguan of the Great Wall
Starting from the 6th year, Yiyue Wuyou and Jinyumantang alternately lead
After the 20th year, Yiyue Wuyou stands out
Because the product of Yiyue Wuyou is so popular, it is now sold on time and in volume
There are only so many quotas in each quarter, and the quota in the second quarter , used up in one month.
This month is the first month of the third quarter, and the quota has not been officially opened yet.
will update with everyone at any time.
13 handover
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In the first five years, it was still the three products of Shanhaiguan Tiger Roar Edition, Pacific Ocean's Long Partner (Celebration Edition) and Great Wall's Pingxingguan that paid back their money. The fastest
is followed by Evergrande Wannianxi Liangquan and Ruihua Yiyue Wuyou.
Since the 8th year, Jinyu Mantang has always held the top spot, followed by Evergrande's Ten Thousand Years Increase and Kunlun 's increase in No. 3.
Years Handover
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In this plan, the Shanhaiguan Hu Xiao Liang full version has the fastest payback time in the early stage.
The next ones are Ruihua Yiyue Wuyou and Great Wall Simatai.
Starting from the 8th year, Jinyumantang has won the first position.
In the 30th year, Kunlun Changduo No. 3 took over.
The gap between Jinyumantang, Wannianxi Zengdao, Changduo No.3 and Yiyue Wuyou is very small. They all belong to the first team
0 years of handover
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Reply to the copy The ones with the fastest time are: Jinyu Mantang, Ruyi Zun (Starlight Edition), Wannianxi Liangquan and Guolian Yilidu
Since the 8th year, Jinyu Mantang has firmly held the number one position
Guolian Yilidu and Evergrande The two products are closely followed by
5 years old
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Judging from the pace of previous product removals, the first step is to remove them from the shelves for a long payment period, and then remove them from the shelves across the board.
In addition, some products do not provide relatively long payment periods.
So you can see that there are not so many products in this plan.
As can be seen from the above table, Guolian Yiliduo and Taiduoduo No. 3 (Taishan version) are the two strongest.
0-year delivery
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is similar to the 15-year delivery plan, Guolian Yiliduo and and Tai increase more No. 3 (Taishan version) regardless of return time or cash value All ranked among the best.
There is a lot of data, we compiled the following table
Looking at it this way, the ones with the best returns in the mid-to-late period are Hongkang Jinyu Mantang
Ruihua Yiyue Wuyou, Evergrande Wannianxi, Guolian Yiliduo in different Under the payment method, it also has good performance
2. Insurance reduction regulations ✯✯✯✯✯
Being able to flexibly reduce insurance should be another favorite advantage of the friends in addition to the income of the increased whole life.
Unless you have made up your mind to pass on assets, you will not use the money if you save it.
Most friends save money now so that they can take it out when needed later.
It can be seen that the products on the shelves this year have certain restrictions on insurance reduction
, insurance reduction time
The four products of Great Wall, Hetai's Changduo No. 3 (Taishan version) and Xintai Ruyi Zun (Starlight version) all have It is required that the contract takes effect for 5 years
However, we generally recommend that it is better to wait until at least the capital is recovered before reducing the guarantee, which will not affect the increase in the remaining cash value.
Usually the payback time of the extended whole life is more than four or five years, so the limit on the insurance reduction time is not special.
. The insurance reduction ratio
is basically limited to 20%
Relatively speaking, the golden jade is everywhere, Yiyue Wuyou and Evergrande's Wannianxi have relatively few restrictions on insurance reduction.
3. Insurance regulations ✯✯✯✯
Since the incremental whole life has the function of locking the interest rate
In an environment where the overall risk-free rate of return is declining for a long time, you can add insurance, which is equivalent to stealing the wool of an insurance company.
Imagine if "99 Hongfu", whose predetermined interest rate in 1997 was 8%, could be insured, would the insurance company cry to death ?
Therefore, there are not many additional whole life insurances allowed now.
Only four products of Ruyi Zun (Starlight Edition) and Great Wall Life are allowed to add insurance
The income is calculated based on the age at the time of insurance
However, premiums and corresponding interest need to be supplemented
The insurance rules for the four products of Great Wall Life There is no requirement that payment must be made within the payment period, which is relatively flexible.
Finally, to summarize, the results filtered through these three dimensions
If you have any questions about the above products, please leave us a message and call the editor at any time
4
Write it at the end
Confidence is something that cannot be seen or touched. , but really Being local influences our actions and decisions.
The credit impact of the village bank incident on small and medium-sized banks may take a relatively long time to repair.
Increased whole life is a very simple product, and the amount you can get is written in the contract.
What you see is what you get.
Unlike , dividend insurance and investment-linked insurance have room for imagination, and are also related to the company's operating capabilities and investment capabilities.
Good products don’t last long. Before long, this batch should also disappear.
There is no way, this is the trend.
