In the aftermath of the income account has shrunk dramatically and customer turns the tide against surrender, the last bull market in the scenery even for unlimited insurance market has become a "pariah." Told reporters recently, including China Life Insurance (601,628, it shares), the number of insurance companies has been stopped in Beijing and Shanghai Bank's investment channels for insurance sales even dangerous, and even dangerous in the past voted the most popular of Guangdong, China Construction Bank (601,939, it shares) has a comprehensive moratorium on the sale of major insurance companies for insurance products, even. At the same time, the people voted for even enthusiasm comes danger to the lowest point in years, the site can be found everywhere on surrender of the post. The industry said that the vote has not even reached the dangerous crossroads in the cold and windy, it is time to adjust the location and design of the product.
Some banks to stop selling across the board
"Even for insurance? Lose too much this year because we all have to stop selling the bank." CCB Shenzhen branch of a financial manager, told reporters that the Guangdong Construction Bank has issued a circular on November 1 from a full moratorium on the sale of Even for insurance products, the notice did not mention when the resumption of sales.
Yesterday, reporters visited the Bank of China, China Merchants Bank, China Everbright Bank, Bank of Communications (601,328, it shares), and other outlets have found a number of banks, the banks are still in early publicity on the shelves bold position to occupy the vote even dangerous products to introduce information on all of a sudden collective Disappeared. When a reporter to the bank management consulting managers of insurance products, no one voted to recommend the reporters even dangerous. There are several bank branches of financial managers made it clear that the bank now has not even voted to sell the insurance, only to sell insurance products dividends.
Shenzhen is not a special case. From the beginning of this month, including Beijing, Shanghai, Chengdu, the number of banks around the network, one after another of the vote even dangerous products taken off the shelf "courtesy." China Life Insurance has been in Beijing and Shanghai, a comprehensive network of major banks to stop selling insurance even voted in favor of pushing the main risk dividends. In addition, Xinhua Life, Taikang Life Insurance Company, and so is the beginning of this month suspension of the Shanghai market, the Bank security risk even for the channel sales. Ping An Life Insurance, China Merchants CIGNA stakeholders said that although the current Bank of channels for insurance products sales are still normal, but no longer carry out strongly recommended.
It is understood that the authorities had not ordered the suspension of the sale, which is the insurance companies themselves take the initiative to adjust the conduct of business.
Even dangerous for security in the silver-channel anti-fever has become an indisputable fact. Even the insurance companies themselves, even voted for the sale of dangerous attitude to a 180-degree turn. Last year, insurance will not even vote "as a Supreme" some insurance companies have now adjusted annual sales tasks, the main risk pushing dividends and universal insurance. Even in April this year to vote even before the introduction of the China Life insurance accounts have sprouted intention of the retreat. China Life Insurance, a senior agent told reporters, "We can not even buy insurance to vote, but the company tells us to remind customers to the products of risk, if to remind customers insist on buying until after he sold to the general will not take the initiative Recommended. "
Frequency is a sharp fall in the premium surrender
And the attitude of the banks and insurance companies, for the people to vote even to avoid the risk is too emotional earlier, more firmly. Shanghai Insurance Association latest statistics show that even for three months this year, 7, 8, 9 insurance premium income decline in a row, are as follows: 346,000,000 yuan, 2.26 billion yuan, 185,000,000 yuan, to get together in the third quarter of 757,000,000 yuan , Down 64% year-on-year. September, the statistics in Shanghai's 33 life insurance companies, a total of 20 dangerous even for sale, the performance of 11 companies emerging signs of decline in the same period last year, of which 8's cast even risk premium fell by more than 40%.
In terms of investment awareness are more advanced in Shenzhen, even for insurance sales also fell sharply. Shenzhen Bao Jianju statistics show that even for risk premiums in September than in August fell 15.97 percent than the ring.
Almost at the same time, Shandong and Tianjin areas, such as the outbreak of large-scale influx of surrender, surrender some of the insurance rate of more than 50%. Tai in Shandong Province in insurance this year in August to early October, local regulators had received complaints of 273 cases, of which only 233 there in September, customers require a full refund of the premium.
Guangdong Insurance Association of member companies the personal insurance business statistics show that in September Guangdong total surrender life insurance in the amount of 2,935,000,000 yuan, of which Bank of security in the amount of 696,000,000 yuan surrender, and even dangerous for the surrender amounted to 562,000,000 yuan (Including the mission and a dangerous risk). Guangdong in the first half of this year, and even dangerous for the surrender of only the amount of 538,000,000 yuan, in other words, only a month in September for the surrender the amount of risk even more than in the first half of this year, even dangerous for the full amount of surrender.
Surrender of the surface of the reasons is, of course, account for even the risk of a substantial shrinking, with this year's stock market remains in the doldrums, many life insurance companies account for even the risk of the emergence of widespread losses in some products account the net value of more than half or even shrink. But the main reason for the surge triggered surrender or life insurance companies, last year's bullish stock market, some life insurance companies in order to Chong performance, with sales clearly misleading, most of them said nothing about the only high-yield high-risk, leading to customers in the face of the current account Have a great psychological value gap.
For some of the areas of risk even for the "wave of surrender," the China Insurance Regulatory Commission recently released a new type of life insurance products rigorous "new life insurance product information management (the draft)" has been circulated to the next Personal insurance companies and all over the Baojian Ju. The draft explicitly requiring the company to sales in the vote even dangerous, universal insurance, risk sharing, and other types of investment risk insurance on details of tips. For example, for the presentation of the vote in the interests of even the mid-risk assets corresponding rate of return on investment, it should be with the company's product line pricing assumptions, and should not exceed the ceiling set by the industry. Even the rate of return for the risk of high, medium and low limits were set to 7%, 5% and 3%.
The draft stipulates that if an agent in violation of insurers, not objective, fair and full disclosure of information relating to new products, the policyholder, insured or misleading the public by insurance regulators ordered to correct their errors, will be sentenced to 50,000 yuan More than 300,000 yuan fine or suspend Agents qualifications; serious cases, agency business licenses revoked.
Product transition imminent
In the face of the winter capital markets, and closely linked to the stock market for insurance even if it temporarily from the market? Many people in the industry that can not be Yinyefeisi. As investment insurance is a major force insurance, investment insurance has not even gone through two rounds of major bull and bear market, the market demand is there for all to see, in today's market conditions, as long as the adjustment of product design and control risk, even for Insurance will continue to return to the healthy development track. "Regulatory risk even voted against some regulatory risk, but does not mean that these products are not done." A person responsible for the insurance company in the future for even the insurance sales payment period will focus on business But also in product design to add more security features.
It is reported that through the pay period for the purchase and wholesale insurance even to pay the same as the delivery of insurance premiums in accordance with the contract is divided into two parts: as part of the premiums into the insurance account; another part of the investment into account, that is, in accordance with the agreement of management Fee entrusted to invest in the operation of insurance companies, investors through investment accounts to achieve growth in net income. Insurance expert analysis, investment and a higher threshold of wholesale insurance to pay for even the difference is that the period for payment even similar to the insurance fund is scheduled to vote, on payment, payment quarter, half a year to pay an annual pay and other forms of payment. Although the period for payment is not even the risk of capital preservation, but will be insured through the stages of investment funds into account, just like the stock market in a different point in batches to buy shares, to a certain extent, spread market risk. In addition, the period of insurance to pay for even the amount of general insurance of not less than 20 times the basic premium, the coverage for accidental death or disease.
The market reaction seems to validate this in the right direction. In some areas of Zhejiang, on payment of 300 yuan to 500 yuan is still dangerous even for the best-selling and most of the funds transferred to the insured bonds stable type of account, from January to October the company released earnings data, the bond category Stable in 2008 annual accounts of some of the proceeds of up to 8%, the yield Such attract a lot of policy holders.
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