What are the types of endowment insurance of various insurance companies?

Under normal circumstances, major insurance companies will launch the following types of endowment insurance:

First, the traditional endowment insurance.

The interest rate of this insurance product is generally fixed at 2.0%-2.4%, but the time and amount of insurance premium can be determined through consultation in advance.

2. Dividend endowment insurance.

The income of dividend-paying endowment insurance can be divided into two parts. One part is the guaranteed interest rate, which is fixed, generally 1.5%-2.0%, and the other part is the dividend income, which is uncertain and should be determined according to the investment income of the insurance company.

Dividend-based endowment insurance mainly includes dividend-based insurance with old-age security and special dividend-based endowment insurance. If the basic security is not perfect, it is recommended to buy dividend insurance with old-age security and accumulate pension. It is recommended to buy special dividend-paying pension insurance and accumulate pension with comprehensive basic guarantee.

Third, universal endowment insurance is similar to dividend endowment insurance. The income of such insurance products is also divided into two parts. The premium paid by the insured enters the personal account after deducting part of the initial cost and guarantee fee, which has a guarantee income of about 2%-2.5%;

In addition to the initial, there are uncertain additional benefits. The investment channel of universal insurance is relatively stable, and the income of universal insurance is announced once a month to calculate interest with compound interest.

At the same time, the payment method of universal insurance is also more flexible. If the income of the insured is unstable and it is difficult to pay the premium in time, it may be temporarily postponed or not paid. If the income allows, pay the premiums owed, so that the pension plan will not be easily interrupted.

Fourth, investment-linked pension insurance.

Investment-linked insurance is risky. The premium paid by the insurance product is managed by the insurance company on its behalf. Insurance companies do not take risks, but only charge account management fees and are responsible for their own profits and losses. Investment-linked insurance is a long-term investment method with no guaranteed income.

Its payment method is flexible and transparent. Generally speaking, after paying the first premium, the insured can pay the premium irregularly and irregularly. At the same time, the insurance company clearly States the fees charged to the insured.

Extended data

Collection method

Commercial endowment insurance usually has three ways: quota, fixed or one-time wholesale. Wholesale payment is a way to withdraw all pensions at an agreed time. The quota collection method is the same as the social security pension, that is, the quota is determined in the unit time until the full insurance benefits are received.

Social security pension is based on months, and commercial pension insurance is based on years. For example, China Ping An Life Insurance Company of China Insurance Company's Evergreen Lifelong Endowment Insurance is paid annually.

Timing, of course, is to agree on a collection time and determine the amount according to the total amount of endowment insurance. For example, if it is determined that 15 receives a pension, then the insurance company will determine the specific amount that can be received each year according to the total pension. Some pension annuity insurance contracts have agreed time, some can freely choose the way to receive them, or they can be changed halfway.

Collection time

The legal retirement age in China is 55 for women and 60 for men, and social security pensions are collected according to these two age groups. In contrast, the collection time of commercial endowment insurance is much more flexible, providing a variety of choices of collection time, which can be changed before the collection begins.

The starting time of annuity collection is usually concentrated in the four age groups of the insured, namely, 50 years old, 55 years old, 60 years old and 65 years old, and some are earlier or later.

Baidu encyclopedia-commercial endowment insurance