· This is Wang Hao’s Wealth No. 1537 original articles
· The full text has a total of 3200 words, and the reading time is about 8 minutes
In the punishment of corruption since the 19th National Congress of the Communist Party of China, 42,000 people have voluntarily surrendered to the party organization or discipline inspection and supervision agencies to explain their own situation. Many ordinary officials and even ordinary civil servants are also worried, fearing that some of their practices will inadvertently violate relevant regulations, such as when buying insurance.
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The civil servant exam is getting hotter and hotter
In the past two years, due to many factors such as the new crown epidemic and the slowdown in the economy, applying for civil servants has become more and more popular.
Some college students even began to consider applying for civil servants when they just graduated.
And some people who have good family backgrounds may gradually get promoted after working for a few years with their own efforts.
gradually became a leading cadre from an ordinary civil servant.
However, when people choose to take civil servant exams or even continue to rise, they also need to understand that responsibilities and obligations are often equal.
For example, the property of a leading cadre needs to be declared.
Once there is any misreport, then criticize and educate at the least, and transfer to posts and not get promotion.
Other property is okay. If you buy a building and a car, you can apply for it as you want. It is obvious.
But some property is a bit difficult to judge.
For example, if you buy an insurance, do you need to declare this?
In this regard, we need to understand that insurance has a variety of forms. Different insurances will receive different treatments when facing the property declaration of leading cadres.
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Principles for applying for leading cadres
First, let’s take a look at where the regulations for leading cadres to declare property come from and how do they say the specific content?
In 2017, the General Office of the CPC Central Committee and the General Office of the State Council issued the newly revised "Regulations on Reporting Personal Matters by Leading Cadres". Before that, similar regulations were issued in 1995, 2006 and 2010.
The new regulations are fine-tuned in past regulations.
The content of the property declaration is:
Article 3 The verification results are inconsistent with the content of the personal matters reported by leading cadres in the year. If one of the following situations occurs, it is generally considered as underreporting:
...
(III) The amount of holding stocks, funds, investment insurance, , etc. is insufficient;
In other words, the "investment insurance" mentioned here is worth paying attention to.
Once as a leading cadre and there is investment insurance in that year, it needs to be mentioned in the declaration at the end of the year, otherwise it will be missed once it is found. Chen Yun, director of the Family Inheritance and Family Trust Service Center of UBS , believes that as a civil servant, especially a leading cadre, it is not that you cannot buy insurance, but that you must declare it in a timely manner in accordance with relevant regulations after purchasing the insurance. When filing, you must pay attention to whether the insurance is an investment insurance and who the insured is.
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One of the declaration requirements
So, what exactly is "investment insurance"?
Due to the exaggeration of many salesmen, people often feel that all insurance is similar and is an investment tool, and it is impossible to distinguish whether it is an investment type.
Is there any insurance that is not an investment type? Even many government staff cannot avoid the common sense of
.
In fact, removing some exaggerated words from unscrupulous salesmen, insurance can be roughly divided into investment insurance and non-investment insurance.
has an investment function in addition to its protection function, and this type of insurance is an investment insurance.
In addition, the so-called "investment insurance for leading cadres needs to be declared", which means that oneself or his spouse is the policyholder, or the children who live together are the policyholder. Such investment insurance needs to be declared.
Once the insured is the parents of the leading cadres, grandparents or grandparents, the insurance they buy, no matter what type of insurance they are, does not fall within the scope of declaration. Why does
have such rules?
This is because the insured is an important role. Whoever is the insured, then the cash value of the policy belongs to and whose property is.
The leading cadre will be the policyholder himself, so the cash value of the policy belongs to him, which is his money, and of course he needs to declare it.
However, when the parents or grandparents of leading cadres become policyholders and the leading cadres become policyholders, the money belongs to these insured parties, and it has nothing to do with the leading cadres, so naturally there is no need to declare them. The situation in
is somewhat similar to the judgment of insurance under the CRS rules.
, however, in comparison, the regulations of CRS are easier to understand and operate. As long as insurance is cash-worthy, it needs to be declared without distinguishing whether it is an investment type.
In the future, relevant authorities may have a certain chance to learn from the experience of CRS. After all, if leading cadres and their families buy insurance overseas, then through the information exchange mechanism of CRS, the information obtained by the tax bureau in China only has the insurance value of cash in the name of the insured every year. It is not deliberately distinguished whether this insurance belongs to the investment type.
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Prerequisites for filing
Secondly, we need to clarify that when a leading cadre or his family members buy insurance as policyholders, which of them need to be declared and which do not need to be declared.
does not require insurance declaration, of course it is a type that has nothing to do with investment.
For example, there is a well-known type of insurance called lifetime insurance.
, as the name suggests, is the insurance company will pay in one lump sum no matter whenever it dies or is completely disabled.
The purpose of the insured to purchase this insurance is to protect personal safety.
It can be said that as long as the insured does not have any trouble, the insured will not get cash flow . The money exchanged for life cannot be considered an ordinary investment.
so this insurance does not need to be declared.
Of course, the original lifetime life insurance does not need to be declared, while some variants of life insurance may need to be declared.
, for example, increase lifetime life insurance. The characteristic of insurance such as
is that it abandons the protection role of traditional life insurance and reduces the leverage ratio of to a very low. Relevant personnel often emphasize its cash value when selling.
In other words, this is a financial product under the banner of life insurance.
Over time, the cash value of the increase will become larger and larger due to accumulation and compound interest rollover, very much like annuity insurance products.
is precisely because of such outstanding characteristics that the increase in lifetime life insurance is different from other life insurances. At the current stage, since the increase in lifetime life is generally considered to be a type of lifetime life, it is not currently within the scope of declaration, but because it has certain attributes of annuity insurance , there is a possibility of requiring declaration in the future.
Next is similar non-income insurance, which does not require declaration.
For example, there is a type of life insurance called term life insurance , which is similar to most life insurance , except that life insurance covers a lifetime, and term life insurance covers a certain period of time.
During this period of time, the insured will initiate the compensation procedure only if there is an accident in the insured. As long as the time exceeds the agreed limit, the claim will not be settled.
Its claim settlement method is also paid in one lump sum, without continuous and stable cash flow, so it does not involve investment and income issues, and leading cadres do not need to declare this.
Income Protection Insurance is also an insurance type that does not require declaration.
insurance covers a person's normal income, and will only make compensation if the party is disabled and unable to engage in labor.
insurance will be paid annually, which is equivalent to using insurance to compensate for the money losses caused by a person's loss of ability to work, and does not have any investment returns or returns.
is therefore not an insurance that needs to be declared.
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Insurance type that needs to be declared
Then look at the types of insurance that need to be declared.
Take annuity insurance as an example. People buy this insurance basically for profit, so it is an investment.
After all, the essence of annuity insurance is to use one's future survival expectations as the principal and obtain fixed returns every year. The longer the party lives, the greater the benefits he will get.
Since it is an investment insurance, leading cadres who have bought this insurance need to declare.
In addition to this, there are several types of insurance that need to be declared.
is called both insurance .
The so-called "both big and small" refers to "take all in the big and small". If something happens during the insurance agreement, the claim will be made according to the degree of the accident. If nothing happens, the money will be returned to the insured.
The insured person is not at a loss at both ends, so it is named "both-wide insurance".
is classified as an investment insurance because it is an insurance with sustained returns to a certain extent.
Another type is called investment-linked insurance. The general situation of insurance such as
is that you can choose to invest in the stock market and other directions to obtain profits.
If you win the investment, you will get benefits directly from the stock market; if you lose the investment, insurance will provide the bottom line to allow the insured to obtain the corresponding claims.
Therefore, this type of insurance also has very obvious returns characteristics, and leading cadres need to declare according to regulations after purchase.
In addition, the so-called "universal" insurance has relatively obvious investment attributes and can bring certain dividends to the insured. Therefore, although many people lose sight of one thing when adjusting the intensity of protection and financial management at will, it is still an investment insurance.
, Director of UBS Family Inheritance and Family Trust Service Center, Chen Yun, believes that civil servants, especially leading cadres who hold important positions, can be exempted from filing for legal income. The so-called guaranteed product is an insurance product whose name includes the words "life life insurance", term life insurance, accidental injury insurance, medical insurance, , etc.
. Products with the words annuity, investment, universal type and other products in the product name are often products that need to be declared.
Of course, no matter which product it is, civil servants should actively and proactively make timely declarations in accordance with relevant regulations, and must not conceal or omit reports. Moreover, insurance is not an illegal place, and it is by no means to help civil servants conceal their income.
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Summary
In short, for leading cadres, whether to declare insurance is necessary, the main consideration is two aspects.
First, did you buy it yourself as a policyholder? If not, then you don’t have to consider the follow-up at all; if so, then look at the second item.
Second, whether the insured insurance is an investment and financial product, or has a clear investment and financial nature. If so, then you must declare.
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