In October, with the bank deposit interest rates, stock market continue to fall, a large number of universal insurance settlement on interest rates all the way down. In the turmoil, the different insurance companies universal insurance settlement movements in interest rates there have been differences, the Chinese-funded universal insurance sales, while foreign investment has steadily universal insurance.
Chinese-funded products fell significantly
Universal insurance has long been known as the bear market in financial management of the King, security, security of the combined monthly income at the end of the floating interest rates than some of the financial management of financial products to attract more people than the idle funds. Since October 2007 the Shanghai index from a record high since the whereabouts of the place, universal insurance settlement rate has maintained a steady growth trend; until August this year, all of a sudden it came to a standstill, and Chinese-funded companies dropped the most serious.
Reporters from the safe, Taibao, Xinhua, Taikang Life, in Shanghai, such as universal peace that big risk, since August, a number of universal insurance products in the settlement rate for the third consecutive month decline, and the large decline is Worrying. In October, Chi Ping Fu universal life insurance annual interest rate of 5.25 percent, has emerged for the second consecutive month decline of 0.25 percentage points; Taikang Premier annual interest rate of 5.25 percent more than in the previous two months were down 0.25,0.55 percentage points; Taiping Life The multi-profit health insurance and health insurance in September settlement rates were 4%, 4.5% in July than a decrease of 1 percentage point.
Interest Rates omnipotent Chinese-funded insurance growth shows weakness, merchandise revenue has returned to 4% -5% range, not higher than the level of the beginning of this year. Among them, Ping Fu-chi life of 5.25 percent in revenue this year is exactly the level in January; life Life Kim's latest slam-year yield lower in January than the 0.05 percentage point to 4.55 percent; the Pacific (601,099, it shares) cadenza Life proceeds from the 5.3 percent in early September fell to 4.5%.
A reflection of consumers: their own six months ago in a Chinese-funded life insurance companies insure 100,000 yuan of premiums in the insurance universal, at the time of the year yield more than 6%, may now yield less than 5%, if counted The initial costs were deducted, the return on investment in bank deposits as well.
A number of foreign steadily
When the foreign parent company is facing financial impact of the tsunami, domestic competitors have settled down interest rates, foreign life insurance company's universal insurance proceeds, was extremely healthy. Reporters from the AIA, in conjunction Dean, Hai Kang, fidelity and so on several foreign life insurance company's Web site that, so far this year, these companies risk everything on a single settlement of interest rate volatility is very small, it's up to a difference of 0.1 percentage points. Of these, more than foreign companies than the beginning of universal insurance proceeds are slightly higher, the performance of capital markets with the outside world seems to be the different changes.
It is understood that the friendly Bao Zhi Zun 9 months ago, clearing the same interest rates are 4%; in addition to the De-United in January, slightly lower than in other months are 4.03 percent; Japan Radio, Film and Television Supreme golden clearing interest rate of 3.25 percent from the beginning, Slowly climbed to 3.30 percent in October; Prudential Life outwit the next series in the first half of the proceeds to maintain 3.9 percent, based on 7, 8, 9 three-month earnings were up 4%.
Foreign investment also universal insurance settlement sharp decline in interest rates. If the Pacific-Aetna universal insurance settlement of the actual monthly interest rate from January's 5.6 percent decline from October's 4.75 percent; Cathay Life Insurance benefit payments universal insurance than the annual interest rate of 0.275 percentage point decline in the beginning, for 4.1 percent.
Compared to Chinese-funded life insurance companies universal insurance settlement of interest rate fluctuations, foreign companies take concrete actions to prove its sound investment philosophy. Although the yield insurance universal foreign-funded and is still a gap, but customers can feel real growth.
Size of the impact of earnings
Careful comparison can be found that the risk of universal life insurance premiums and the size of the settlement is closely related to changes in interest rates. Clearing those universal insurance rates by sales of life insurance companies, their insurance panacea same large scale; universal insurance and those smaller companies, clearing houses have been able to keep interest rates steady growth momentum.
Statistics show that 1-September, peace, Xinhua, Taikang Life, Taibao universal insurance premium income in Shanghai out the top six, Pacific-Aetna, Cathay Pacific also ranked universal insurance premium income of foreign capital before the top three, it's a panacea 7 Insurance settlement, without exception, interest rates fell. In comparison, the friendly, sincere, on radio and television, such as Universal Health insurance small-scale insurance, universal insurance settlement this year, interest rates could remain stable, at least, to achieve even modest growth.
Universal insurance products on the market and a large variety of key selling point is that investment income or circumstances. Compared with traditional life insurance, universal insurance investment channels for a wide, you can invest the stock market, funds, bonds, large deposit agreement, and so on, the proportion of funds into the stock market but also as high as 80%.
According to informed sources, a variety of channels, the operation of the financial risk, life insurance companies in all channels of distribution ratio of capital to determine the actual risk universal settlement of the high and low interest rates. However, some companies have been able to achieve universal higher risk premium income, high-clearing interest rates played a decisive role. Continue to maintain a relatively high settlement rates, should mean expansion of investment funds, the proportion of funds in the stock market, and the steep decline in the stock of the stage, the decline in earnings is foreseeable.
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