Confirm the downward adjustment! Someone in Hangzhou urgently spent 2 million to buy it! Netizen: Don't be confused about life insurance | interest rate | be confused about life insurance
Insurance products with a predetermined interest rate of 3.5%
It will be reduced to 3.0% after June 30 ",
As June 30th approaches,
Similar words have also entered the countdown for scrolling on social media.
The picture is a screenshot of Moments
Ms. Shen from Gongshu District, Hangzhou, after experiencing multiple rounds of marketing by financial managers and comparing more than 10 insurance products, finally made up her mind before the last bus: she will use a large deposit certificate of 500000 yuan due on June 29th to buy an insurance product. Early this morning, Ms. Shen specifically went to the bank branch to confirm some details, especially asking the account manager if the 3.57% interest rate was included in the contract.
Recently, multiple banks have collectively lowered their RMB deposit interest rates. In the current interest rate environment, how citizens should manage their money has become an urgent issue. Recently, reporters visited several banks in Hangzhou and found that they are selling a variety of savings insurance products. Many citizens have a high enthusiasm for purchasing, and million dollar orders are occasionally emerging. However, in this wave of insurance product sales frenzy, industry insiders also remind citizens to make rational purchases.
Money has no good place to go
500000 yuan deposit with 6-year income of 107000 yuan
Ms. Shen works for a state-owned enterprise in Hangzhou. She is just 50 years old and claims that she still doesn't know how to manage finances even after she is over 50 years old. After losing money in stock trading and fund buying in her thirties, she has never played again; When she was in her 40s, she followed a friend to invest in a so-called project, but ended up investing 1 million and only recovering over 600000. Since then, she has only dared to make stable products. "I have been depositing large certificates of deposit for the past few years, but there was an interest rate of 4.3% in the early years, and now the highest is only 3.3%. It is estimated that it will be even lower in the future. Therefore, when the bank lowered the deposit interest rate earlier, I felt a bit anxious when I thought that there was no good place for the money."
Meanwhile, in the past two months, Ms. Shen found that bank and insurance staff have always posted content on their social media that "3.5% interest rate products need to be discontinued.".
She clicked on her Moments and pointed to a few of them for the reporter to see - "Lock in the opportunity for the last 3.5% compound interest, hurry up and get on the bus", "June 30th countdown! The 3.5% profit you see today may become the ceiling!" "We have done our best, one Moment a day, just afraid you haven't seen it! Seize the last bus of the 3.5% fixed interest rate insurance and plant a money tree for yourself"
After all, it's about the money bag. After brushing too much, Ms. Shen also took the initiative to care about insurance products. In the past two months, Ms. Shen consulted with staff from multiple banks and insurance companies and compared more than 10 insurance products. During this period, her little sisters bought 1 million insurance products, and her friends bought hundreds of thousands of insurance products.
Under the influence of various factors, Ms. Shen also decided to purchase an insurance product. She showed the reporter the benefit demonstration table of this upcoming insurance product: the premium for this product is a one-time payment, with a total payment of 500000 yuan. With a 6-year maturity, she can withdraw 607000 yuan. "The account manager calculated for me that she earns 107000 yuan in 6 years, which is an annualized simple interest rate of 3.57%. This is all included in the contract, and I will treat it as a 6-year large deposit certificate."
Respondents provide pictures
Millions of orders are sometimes born
How many million did internet celebrities buy?
Ms. Shen is a microcosm of citizens who have recently purchased insurance products.
The reporter recently visited several banks in Hangzhou, and several account managers told us that
Respondents provide pictures
Yesterday afternoon, at a bank branch in Chaohui Community, Gongshu District, Hangzhou, a customer manager told reporters that in the past two days, a two all insurance product has been selling well at various branches. "We have a customer who bought 2 million yuan at once and paid it for 3 years, which is a total premium of 6 million yuan. The insurance period of this product is 8 years, with an annual interest rate of 3.8%. By the end of the 8th year, the customer's full insurance deposit is 7.595 million yuan."
The account manager revealed that in the past one or two months, there have been a lot of customers who have come to consult and purchase savings insurance products such as increased life insurance and comprehensive insurance. A few days ago, the bank launched an insurance product with a limit of 100 million yuan, which was launched at 3 pm in the afternoon and sold out before 9 pm in the evening. Due to strong customer feedback, the superior bank has launched two additional insurance products, each with a limit of 200 million yuan. These days, customers have also been actively subscribing.
The account manager of a state-owned bank in Qianjiang New City also told reporters, "Since April this year, our bank's social circle has been promoting increased lifetime life insurance. I have been busy working on plans for clients several weekends, and I am also working overtime to prepare plans for several clients during the Dragon Boat Festival." She told reporters that several life insurance products with a predetermined interest rate of 3.5% have been sold out and taken down, and products that have not yet been taken down may be widely discontinued at the end of June. The interest rate for new products will be adjusted to 3.0% in the future. The account manager also presented her recently completed 1.5 million yuan performance report to the reporter, "I have been hit by several million yuan orders in the past few months, and other colleagues have also had it."
The customer manager of a joint-stock bank in Binjiang, Hangzhou, also revealed that orders worth millions of yuan are occasionally born. "There are some live streaming influencers from Olympic Sports and Binjiang who have bought millions of value-added lifetime products from our bank."
The customer manager of a state-owned bank in Qianjiang Century City stated that a 3.5% interest rate increased lifetime product that is currently in high demand at the branch, "I also purchased 1.6 million yuan of insurance coverage myself, paying 320000 yuan annually over 5 years." She then showed a screenshot of the purchase and told that these achievements are also reflected in the insurance company's premium growth. The latest data shows that five A-share listed insurance companies in the life insurance sector achieved a cumulative original premium income of approximately 926.602 billion yuan in the first five months of this year, a year-on-year increase of 4.06%.
Especially in May, the five major life insurance companies all recorded impressive monthly growth rates, among which PICC Life Insurance's growth rate was very impressive, with a year-on-year increase of about 41.2%; Xinhua Insurance and China Life Insurance increased by 17.4% and 15.7% respectively, Ping An Life Insurance recorded a monthly premium increase of 9.1%, and Taiping Life Insurance increased by 4.9%.
Make a steady profit without losing?
Pay attention to the loss of early withdrawal of insurance
"I'm a bit confused about so many insurance products, including universal insurance, comprehensive insurance, and increased lifetime life insurance. Actually, I haven't figured them out at all. Seeing everyone buying them, I also have a bit of a following trend and asked several bank wealth managers. Mr. Feng from Xiaoshan, Hangzhou, told reporters that last week he ordered an increased lifetime insurance on his mobile banking platform, paying 100000 yuan per year with a payment period of 3 years. However, after two days of thinking, it felt too impulsive. Whether he had the ability to pay 100000 yuan per year is still an unknown number, so he decided to withdraw. Fortunately, this product has a 16 day hesitation period, and Mr. Feng didn't suffer any losses.".
Indeed, the words "soon to be discontinued" and "immediately taken off the shelves" on social media can easily touch the sensitive nerves of citizens, causing some citizens to hastily "get on the car". Industry insiders remind that whether it is a product with a current 3.5% interest rate or a product that will be lowered to 3.0% in the future, citizens should still make rational purchases based on their own asset situation.
The picture shows the best-selling insurance products displayed on a certain bank's APP
"In my opinion, we still need to correctly understand the life insurance products and not be overwhelmed by the so-called" high yield ". We should not make one-sided comparison between the increased life insurance, endowment insurance and other products and bank deposits, treasury bond, funds and other financial products. This simple comparison of interest rates is not in line with regulatory regulations." Song Zhanjun, Deputy Secretary General of the China Insurance Research Institute of Beijing Technology and Business University, said in an interview with Chao News reporter: consumers should fully understand the dual attributes of life insurance products, such as the increased life insurance is a product that focuses on both security and finance. When purchasing, consumers should pay attention to that the product is suitable for long-term holding. If the insurance is withdrawn within the first five or six years, it will not only have no income, but also suffer principal loss.
A customer manager of a state-owned bank in Hangzhou told reporters that there are two principles to pay attention to when buying products such as increased lifetime life insurance: first, make sure that the money is not needed in the short term, and second, try not to cancel the insurance in advance. If investors cancel the insurance in the early stage, especially during the closed period, it will cause significant losses. Therefore, buying such insurance products does not mean that they will "make a steady profit without compensation".
A professional in the insurance industry in Zhejiang Province said in an interview with a trendy news reporter that citizens must choose products that match their own economy. Based on their own economic strength and risk tolerance, they should carefully understand the payment form, cash value, and invalidation rights of insurance products. Otherwise, withdrawing insurance midway may cause losses.
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