Capital Market under the influence of the tsunami in the financial ups and downs, with fluctuations in the stock market is closely related to the insurance account for even the net is "down Fei Liu." According to the "Daily Economic News," the latest statistical data from Sept. 1 to Oct. 25, more than half of the vote even risk account recorded a decrease of more than 10%, the highest drop of 21.13 percent. In response to Ruoshi market, many insurance companies will gradually shift the focus of universal insurance. However, the capital market is not stable, as well as lower interest rates, the majority of universal insurance products is also a substantial decline in interest rates settlement.
China Taiping Life Insurance, chief financial planners Yi-ping said, "even for universal insurance risk and have a greater risk of not optimistic about the outlook for earnings. This time not to buy risky products, and certainly not when hunters."
Even for insurance: the largest decline in 55 days Super 20
% Recently, even to vote on the risk of continuing turmoil. Since the account has shrunk dramatically, Shandong, Tianjin and even dangerous for customers frequently request surrender, even to vote on the sale of insurance sector OCI an emergency brake. Yesterday, reporters visited the Shanghai Xuhui District, a number of banks and found that even for insurance products that are not "off the shelf from the bank," but the bank has no branches of the range of leaflets, the staff also told reporters that the vote had been stopped for even the risk Propaganda.
The statistics, when the bull market rise is also now account for quickest fall of the fastest: stock-based accounts, the type of active accounts, stock-index-type accounts and the accounts are crazy down. The Sino-British life insurance payment A mango-account index was down 21.13 percent, and Italy Life-account fell enterprising 15.18 percent, while the newborn near China Life Insurance (601,628, it shares) the value of selected accounts has dropped 19.29 percent. Until the small fluctuations, revenue more stable steady-account balance, the current round also fell by a larger margin: the Sino-British life insurance payment A mango-account balance was down 15.68 percent, down 5.7 percent-sound, Taikang Life Taikang winner configuration-account balance Fell 5.87 percent.
"Untimely" is the main cause of
According to statistical data prior to the reporters, "untimely" is not even vote in the full risk of loss of important factors.
Even for many products are in stock in 2007 when the high-point of entry, so violent unrest in the capital markets, some of the accounts was almost down. For example, the Sino-British Life's "B-paragraph account growth," it is time to set up on September 18, 2007, as of October 25, 2008 the cumulative decline in net accounts for 50%; and September 21, 2007 to set up The insurance Haikang "great wealth preferred investment accounts" also suffered the same fate, has also reached a cumulative decline of 43%; and the three Sino-Italian life insurance products are not even voted in September 2007 was born, Italian Supreme positive Type account the cumulative drop of 46%. By observing the various insurance Even for the risk rate of return, found that the higher the stock price point of the set to vote even when the risk-based stock account, the net value has shrunk more serious.
There is another phenomenon that is the same company of the same type of account, because the account set up at different times make yield very different. For example, as of Oct. 25, Fidelity Life "Fidelity Investments account the positive growth" rate of return for a total of -34.85%, its "growth strategy account" the cumulative rate of return -25.72%, while the "all-indebted Optimum Type accounts "are a total of 7.52 percent for income. Different times to do the same investment strategy, resulting in income varied widely, because the first two are set up all the time on May 18, 2007, which set up the date for May 15, 2001, when the last round Bull market is far from the arrival.
Universal insurance: clearing interest rates fell across the board
In the central bank to cut interest rates before the announcement, various insurance companies released in September universal insurance billing rates have been on the decline across the board, from the peak in the first half of the 6% decline to the present 4-5 percent, the lowest in the maintenance of only 2.5 %. Life of the people's livelihood, "rich people's livelihood profit insurance co-existence door section A, paragraph B" cut the maximum rate from August's 5% to 4.5%. In view of this, in the fourth quarter of universal insurance settlement of the downward trend in interest rates has been quite clear.
Statistics entered in the range of 20 omnipotent interest rates will go down in insurance products, clearing the current interest rate is the highest in the Ping An of China (601,318, it shares) personal insurance universal, but the settlement rate from July 6% lower in September to 5.25 %, Which is already in August, following after the second rate reduction in the settlement. Clearing the current interest rate is the lowest in the Luen Thai city "wealth insurance co-existence classic C" and the Pacific (601,099, it shares) Aetna "The arrival of universal insurance co-existence", two universal insurance billing rates are 2.5 percent.
It is noteworthy that, in most of the universal insurance settlement to start one after another interest rate cut at the same time, there are many universal insurance products for several months, "stay put" and clearing the level of interest rates always remain the same. If the Xinhua Life Insurance, "The Silver Package 1", Cathay Life "co-existence of insurance benefit payments B section, C section," China Life "co-existence of insurance Ryan" in September's universal insurance settlement and interest rates were to keep the data in August , Three companies universal insurance settlement rate of 4.46% (not including the end of the dividend), 4.30 percent and 4.05 percent.
The overall insurance company investment income decreased universal insurance settlement is the main reason for decline in interest rates. In fact, life insurance companies are faced with the dilemma, on the one hand, the insurance companies to ensure their own profit space, naturally can not guarantee universal insurance settlement to keep interest rates at a higher level; On the other hand, in order to guarantee universal insurance for The attractiveness of the market and bring premium inflows and settlement will have to maintain interest rates at a level above.
Experts: Do not buy risky products
Dr Ping told reporters that "universal insurance and risk insurance for even greater than. Danger even for those who surrender are many misleading sales were also a lot. Surrender the strict sense, it is uneconomical to the proposed Consumer Can not even vote in insurance accounts for conversion. If there is consumer products and even voted in the universal product on the money invested for the whole family is not a significant impact, strength and vibrancy of a put off. For those who have been there to protect the consumer Who can buy value-added capital preservation products, but not at this time to buy risky products. I think the stock market not yet in the end, not the best time to buy. "
Central University of Finance and Economics president of the Insurance Institute of Insurance experts speech Su Hao pointed out that even if the vote to look at risk as insurance, not to rush to surrender, because surrender to pay liquidated damages, the investment brought about by the loss of up to the customer; should rely only on the vote Even as risk management products to investment, customers must be able to bear the risks and losses, there is a direct surrender. A clear understanding of the insurance itself is the key issue, "insurance is concerned, I think the only pure products to protect the most cost-effective."
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