Since September this year, by virtue of the "capital preservation + value-added features to protect" the double advantage of dividends to be re-insurance products into the ranks of the Top
Has been At this time when Feibi.
Last year, the insurance product Dividend income is relatively low due to the almost ignored. But in September this year, by virtue of the "capital preservation + value-added features to protect" the double advantage of dividends to be re-insurance products into the ranks of the top.
It is noteworthy that, on November 26 in the afternoon, the central bank announced that with effect from the next day, down RMB deposits and loans of financial institutions benchmark interest rate 1.08 percentage points to 11 years can be called the largest rate cut.
"In the current situation of relatively bad assets of insurance companies, cut its profitability is leading to the decline." Insurance analyst at Everbright Securities Xiao Chao-hu said that the risk of dividend income should be dropped.
Ten thrust dividend risk insurance
Weekly financial reporter has learned that as early as 2002, domestic insurance companies selling a large amount of the dividend risk, but then the introduction of universal and even cast-insurance, insurance quickly attracted the attention of investors.
This year in September to October, China Life, Standard Life Heng, friendly life insurance, life insurance and Italy, the Great Wall ten insurance companies and insurance risk sharing a series of new products to market.
To be held in Beijing in November as an international financial Expo, first of all participating insurance companies to the consultant recommended dividend risk products, said sales almost the same: "In the current environment, the dividends of the most dangerous product safety, not only to protect, but also Guarantee a certain income, return every year, set in a financial management and security. "
China Life chairman Yang Chao has said that the dividend risk insurance so that full development potential, the connotation of high-value, strong core competitiveness. Over the years, the dividend risk in the product mix of China Life Insurance, has been dominant.
China Life Insurance, general manager of a branch to the financial weekly, introduced reporters: "The main dividend risk investment channels for government bonds, deposits, funds and large-scale infrastructure construction, investment in this type of insurance products, it is the lowest risk."
Weekly financial reporter interviewed a large life insurance company in charge of selling Mr. Chen, he said: "The current economic environment in dividends to avoid the risk of dangerous side can really play a role, which is the main insurance companies push risk sharing. A number of insurance A short period of the dividend can also be dangerous to play the role of risk reduction. "
"Insurance Regulatory Commission on high-risk investment-sensitive insurance, and insurance dividends due to the relatively safe and can survive in the cracks." Mr. Chen said.
Sun Yat-sen University Department of Insurance Life Insurance lecturer told the financial weekly correspondent of the Yellow River, China Insurance Regulatory Commission stipulates that each of the fiscal year to the insurance policy holder surplus ratio of the actual distribution of those years can not be less than 70% of the earnings distribution. In the current high-risk investment environment, to further the China Insurance Regulatory Commission issued a "new life insurance product information management (the draft)."
"Channel cut" investment channels for insurance companies test of dividends will be adjusted downwards
Earlier this year, the companies announced last year, dividends are high-risk dividend rate, China Life is to reach 8%. However, Guoxin Securities research report points out that interest rates this year into the "cut" channel, it is expected that the 2008 dividend rate is not high.
Weekly financial correspondent of the Yellow River from the Department of lecturers that: "The rate cut on the impact of insurance to insurance companies in accordance with the investment channels. In theory, after the rate cut, with the exception of bank deposits, other investment vehicles earnings are expected to rise. The dividend is based on the overall earnings may be, it is necessary to know the dividend changes, it is necessary to know the various investment channels for insurance proceeds, it is very difficult to achieve. "
"Adjustable dividends, although there is the China Insurance Regulatory Commission, but so do high-low, is determined by the insurance companies. Insurance companies generally will be in the years between the smooth earnings, the dividend will be done to stabilize the restructuring, the company is just different standards Not the same. "Said the Yellow River.
CICC researcher Zhou told the weekly financial reporters: "The level of dividends, such as drastic decline in the risk of weakening the appeal of dividend-risk, in addition to the new premiums have an impact, the original dividend risk customers may surrender . If a higher dividend, the company's net profit also be affected. "
Financial weekly in an interview with reporters found that a Miss Gao bought a large life insurance companies a bonus insurance products, to pay premium for the year 7,000 have been paid for 8 years, every two years to get the return of gold in hand, only 2,000 , The dividend is "not worth mentioning." Miss Gao sighed and said: "Each year on a regular basis to pay such a sum of money, can not eat, can not move, little of the return of gold, might as well buy other products with a higher income."
But there are also different views, Xinhua insurance sales people to accept a financial reporter during an interview on the weekly said: "With the bank deposit interest rates, weak capital markets, customers will be expected to reduce the dividend, bonus little impact on the stability of the business. "
CHEN Dong-mei, an associate professor of Fudan University Department of Insurance to accept financial weekly interview with reporters, said: "Now the insurance product is a higher degree of homogeneity in the short term customers may be relatively simple and yield. But in the long run, dividend income insurance is not transparent, in the range of traditional life Risk-based insurance and investment between. Easy to fall into the 'text than traditional life insurance, even dangerous force to vote as' embarrassing situation. "
Weekly financial reporter from the China Insurance Regulatory Commission issued the "individual insurance actuarial dividends" to see: In addition to the insurance companies to send dividends to its customers notice, shall not be disclosed to the public or advertising of dividends insurance operating results or the level of dividends.
Uneven protection, short-term high premium
Concerned about the risk in dividend income, dividend insurance protection functions do? Central University of Finance and Economics Department of Insurance Professor Hao Yansu has said: "compared to the pure type of insurance protection products, most of the dividend risk protection features are low."
The above-mentioned major life insurance company in charge of selling Mr. Chen said: "At present, the major risk insurance dividends safeguards vary, the coverage of different sizes. Only some death or total disability protection, and some can not be additional accident insurance or Insurance major diseases, such insurance is imperfect. "
On the distribution of dividends, Mr. Chen said: "At present, to receive dividends in four main ways, namely, to receive cash, a total interest-earning, s premium and the amount purchased by insurance. Policyholder if the anxious to get cash, they can choose To receive cash; if we do not hurry to get cash, with the option to purchase a total interest-bearing or by the amount of insurance. If the cash flow shortage can be s dividend premium. "
"There are less than dividends products, and some insurance to pay dividends short period of high premiums, and cash poor. For the short term cash needs of large families, the recommendations should not be too much money for the purchase of insurance dividends."
Then what kind of person for the purchase of dividends from insurance? "If the Chinese insurance funds, stable, long-term there is no intention of spending a large sum, or to prepare for retirement, insurance dividends also be a good choice." Mr. Chen said.
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