December 16, 2008

Jukui account escape the fate of Shanghai voted to stop selling insurance business even going from bad to worse

"We as early as a month or two before the vote would not even recommend to the customer risk, with effect from this month voted to stop selling even dangerous, but now the situation is that the entire insurance products do not sell, to sell all of the Small list, not a single major. "On November 5, China Life Insurance (601,628, it shares) under the Department of Marketing, a clerk reluctantly told reporters.



The reporter learned that the market did not even vote in any danger of hunters the opportunity to China Life, "Yu Feng," even for insurance, for example, on April 22 this year, the domestic Beijing, Shanghai, Guangzhou, Suzhou and Shenzhen to launch five major cities , As of October 31, 4 investment account in the selection of a total value of the account fell 35.4 percent, and growth-account balance also dropped by 19.22 percent, ahead of stock-based accounts fell 5.98 percent.



November 6, Shanghai, the insurance company responsible for the sales department told reporters that any introduction of risk even for the insurance companies did not escape the bad luck of the capital market decline, life in the country to launch six months after a hasty exit, even for insurance products 5 cities have to stop selling.



Even some of the cast of "single-digit sales"



November 7, the life of a person in charge of the Shanghai branch of the newspaper frankly, the half life inherent in Shanghai sold only two single-risk even for a single 100,000, a single 10,000, a total of 110,000, since the capital markets down The following points to 3000, sales have even voted very difficult, so the company decided to launch the only risk even voted out of the market.



The reporter interviewed a number of special security Bank, insurance products have been very few in China Merchants Bank (600036, and it shares) of a Xujiahui business outlets, insurance companies, investment and even dangerous, they have all been under the plane.



This reporter learned that, even though as early as September last year, China Life Insurance (601,628, it shares) have been completed for even the risk of product development, but it was not until April this year, only to the market, thought the market downturn could end as soon as possible, did not expect We are faced with a financial crisis, the life of the cast is even born, six months after the launch prematurely withdraw from the market.



"Fortunately, no life in the country to launch a nationwide vote even dangerous, the only option in the domestic launch of the five major cities, this country should be pushed to vote even in the life insurance at the time of care initiatives." Invest an insurance analysis of the Director of the Department of State Even for life insurance sales that were aborted.





Insurance experts said that China Life introduced vote even as the risk in high-end crowd Yes, the city's right to choose, but the market is not good, ultimately ended in failure, on the other hand, at least it avoids a few years ago "Even for storm", as well as in Shandong, Tianjin and other places appear small-scale surrender even vote, because of the analysis of capital markets led to the steep decline in insurance funds account for a loss, insurance companies and quick, over-the pursuit of premiums to cover up the scale and Even for investment risk insurance, investment and risk even in the stock market when the Heat played a financial role in the star product, but it will become a bear market in Yiwenbuming.



"Short-lived," even the risk of vote



It appears in a number of insurance companies, whether out of prudence, or whether the market's poor, can not avoid risk even for the short-lived status quo.



Reporters learned that the five major cities in the country to launch life insurance to vote even after six months to 4 years account for only a sound bond account yield is obtained, and the accumulated account balance growth fell by 19.22 percent, account for a total value Select fell 35.49 %, Ahead of stock-based accounts fell a total of 5.98 percent.



From this year, the country life can be seen in three of the Quarterly Bulletin, the country life in the first three quarters this year, in fact there has been no loss, there are billions of dollars of profit, but Fukui has been very serious, and in fact China's stock market last year began to enter a downward spiral , In April this year, SSE Composite Index closed at 3147 points, is now more than 1700 points, down nearly 40 percent, but the country life for even the small stock account and then drop it, select it and then drop the value of account losses.



However, the moratorium on the sale of investment risk even more than the life of a country, according to reporters from a number of insurance companies that includes insurance companies such as Taikang, even for the products, insurance and a silver in the insurance channels have been essential to stop the sale. Taiping Life told a newspaper reporter, they have not in favor of marketing staff recommended to its customers for even the risk capital market to be the real beginning of warmer, look at the situation.

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