Sino-British Life Golden Duoduo No. 6 Incremental Whole Life Insurance (Participating) is about to be launched!
This year, many insurance companies are successively launching participating life insurance, and Sino-British Life Insurance will also launch a new participating insurance product in the near future, Jinduoduo No. 6 Incremental Whole Life Insurance (Participating Type).
Industry insiders basically know that Sino-British Life Insurance is a Sino-foreign joint venture life insurance company with a very strong background, and it is one of the very few insurance companies that can continue to obtain AAA risk ratings, and its service and customer reputation are very good.
With such a company with both strength and reputation, how about its dividend insurance? What are the benefits of the policy? Give this product an early review today!
The main content of this article
Introduction to the protection content of Jinduoduo No. 6 Incremental Whole Life Insurance (Participating Type).
What are the policy benefits of Jinduoduo No. 6 Incremental Whole Life Insurance (Participating).
What kind of insurance company is Sino British Life? Company Introduction
Write at the end
1. Introduction to the protection content of Jinduoduo No. 6 Incremental Whole Life Insurance (Participating Type).
The details of the coverage of Jinduoduo No. 6 have been sorted out in the table below.
1. Insurance rules
Jinduoduo No. 6 is a value-added whole life insurance with dividends underwritten by Sino-British Life Insurance, which is suitable for people aged 30 days to 70 years old, and the insurance age is relatively wide.
There are a variety of payment terms, including single payment, 3/5/6/8/10/15/20 years. There are not many participating insurance companies that can choose a 15/20-year payment period, and this product has a variety of options to meet people with different budgets and needs, such as those with a small budget can accumulate wealth by extending the payment period.
The premium threshold is also low, starting from 100,000 yuan for single payment, 30,000 yuan for 3 years, 20,000 yuan for 5/6 years, and 10,000 yuan for 8/10/15/20 years.
There are also two advantages of the insurance rules of this product, one is that there is no waiting period, it can take effect after the insurance, and in the event of death, the insurance can be paid if the terms are met. Second, the exemption clause is very humane, and there is no requirement for exemption from natural disasters such as earthquakes and floods.
2. Coverage
It includes the basic death benefit and dividends, i.e. the total benefit of the policy = guaranteed partial current price + no guaranteed partial dividend.
The death benefit will be paid according to the different payment conditions of the insured before the age of 18, before the expiration of the premium payment period after the age of 18, and after the expiration of the premium payment period. This is the basic death benefit and does not include dividends. Among them, the sum assured of the current year = basic sum assured × (1 + 2.5%) (number of policy years - 1), that is, the effective sum assured will compound interest at a rate of 2.5% year by year.
About dividends: The right to participate in the distribution of the distributable surplus of the participating insurance policy during the term of the contract, policy dividends are not guaranteed and may be zero in some years.
There are 4 ways to claim dividends: 1. Cash collection; 2. Accumulate interest; 3. Pay the insurance premium; 4. Pay off the increase.
The increase in the amount of payment refers to the purchase of the increase insurance as the net premium paid in a lump sum, which increases the basic sum insured of the cumulative increase in this contract. If you choose to pay off the increase amount, the death liability includes the basic death liability + the death liability corresponding to the payment of the increase basic sum assured.
3. Other rights and interests
This product has rich rights and interests, supports the designation of a second policyholder, next-generation insurance (the insured is over 8 years old), can connect with the Sino-British health care community, and supports insurance trust.
4. Value-added services
According to the different annual premiums paid by customers, they are divided into: pearl, jadeite, silver diamond, gold diamond, and black diamond. Provide differentiated services, such as health consultation, SOS rescue service, symptomatic appointment, exclusive physical examination, MR tumor screening, etc., to better improve the quality of life of users.
2. What are the policy benefits of Jinduoduo No. 6 Incremental Whole Life Insurance (Participating).
Here, the focus of this product is: what about the policy benefits and what is the dividend expectation?
The following takes a 40-year-old man as an example, with an annual payment of 100,000 yuan and 3 years, the total premium is 300,000 yuan, and the dividend is realized by paying off the increment, and the policy benefits are demonstrated as follows:
At the end of the 6th policy year, the guaranteed cash value reached $302,800, which began to exceed the premiums paid.
At the end of the 30th policy year, the insured is 70 years old, with a guaranteed cash value of $540,600, which is 1.8 times the premium, and the total survival benefit including dividends is $802343, which is about 2.67 times the premium.
At the end of the 50th policy year, the insured is 90 years old, and the guaranteed cash value is 866,500 yuan, which is about 2.89 times the premium! After adding the bonus, the total survival benefit is 1687390 yuan!
Similar products xx heirloom dividend insurance, under the same circumstances, the policy benefit is 1.2187 million! Jin Duoduo's interests are more than 400,000 yuan!
The insured is 105 years old, and the guaranteed current price reaches 1,171,400 yuan, which is 3.9 times of the premium, and the total survival benefit after the bonus is as high as 2798497 yuan, which is about 9.33 times of the premium!
In the same case, the total benefit of xx heirloom dividend insurance is 1.87 million! Jin Duoduo's interests are more than 900,000 higher!
I have to say that the policy benefits are very good! Compared with similar products on the market, the policy benefits of this product are much higher, and it is undoubtedly the top series of products in the market! Therefore, the policy benefits of this product are very passable and belong to the series worth buying.
However, it should be noted that the above benefit demonstration, the guarantee of part of the current price is guaranteed to be written into the contract, with high security and stable value-added!
However, dividends are uncertain and not guaranteed, and do not represent the past operating performance of the insurance company, nor do they represent the future operating performance.
3. What kind of insurance company is Sino British Life? Introduction to the fulfillment ratio of company + dividend
Here are two other key points in buying participating insurance: how strong is the insurance company? What is the fulfillment ratio in the past?
1. Introduction of insurance companies
The underwriting company of Jinduoduo No. 6, Sino-British Life Insurance, is known as "the company that conquers the market with texture"!
Industry insiders know that this company has a strong background. Sino-British Life Insurance Co., Ltd. is a Sino-foreign joint venture life insurance company jointly established by COFCO Capital Insurance Co., Ltd. and Aviva Group of the United Kingdom, established in 2003. After years of strategic layout and market expansion, the business has expanded to more than 70 key cities in 15 provinces and cities such as Guangdong, Sichuan, Fujian, Shandong, Hunan, etc., and the company's scale and profits are firmly in the first echelon of foreign investment!
Sino-British Life has been at the forefront of insurers for many years in terms of going concern (the following data is from the Q4 2023 solvency report):
In the fourth quarter of 2023, the comprehensive solvency adequacy ratio of Sino-British Life was 273.46%, and the core solvency adequacy ratio was 167.09%, far exceeding regulatory requirements!
There is also a comprehensive risk rating, reaching AAA class! Of the 63 insurance companies in the rankings, only 6 have received AAA ratings!
This is the 30th consecutive quarter that Sino-British Life has been rated A (as of the fourth quarter of 2023), and its ability to continue operations is very strong, and it is more secure to participate in the dividend distribution of participating insurance!
Therefore, the solvency adequacy ratio and risk rating ranked first among 63 insurance companies!
The above shows that Sino-British Life Insurance is not only strong, but also has stable operations, and is a very reliable insurance company.
Looking at its two major shareholders, the background strength is even better!
On the Chinese side, COFCO Capital Insurance Co., Ltd., is a specialized company and investment platform for COFCO to operate and manage its financial business. COFCO Corporation (COFCO) is a large state-owned enterprise directly under the central government of the same age as the People's Republic of China, a leader in China's agricultural and grain industry, and an international large grain merchant with a global layout and a whole industry chain. In 2021, COFCO ranked 91st in the Fortune Global 500!
Foreign, British Aviva Group, born in 1696, is the largest insurance company in the United Kingdom, one of the world's six major insurance groups, and the 198th in the world's top 500! In 1911, Aviva became the only insurance company appointed by the British royal family, and it was also the insurance company with the largest number of life insurance claims in the 1912 Titanic shipwreck.
In general, Sino British Life Insurance Company is a strong company, the company has a stable operation, and the background strength is very strong, and the company is trustworthy.
2. Return on investment and fulfillment ratio for dividends
Let's look at the investment rate of return first, the data of the solvency report for the fourth quarter of 2023 shows that the comprehensive investment return rate of Sino-British Life Insurance in 2023 ranks third among national insurance companies!
Let's take a look at the past dividend results of Sino-British Life: taking 2022 as an example, the dividend fulfillment ratio of all dividend products will reach 100%-133%!
It can be seen that the dividend performance of Sino-British Life Insurance is very good, and the investment income can be seen! Buy its dividend products, dividends are worth looking forward to!
Note: The fulfillment ratio of past dividends is not indicative of expectations of future operating results, and the dividend distribution of the policy is uncertain and may be zero dividends in some years.
Fourth, write at the end
After some evaluation, it was found that Sino-British Life Insurance, the Jinduoduo No. 6 Incremental Whole Life Insurance (Participating Type), should be a product worthy of everyone's expectations: the policy benefits are excellent, and the dividend expectations are very good; The shareholders are strong, and the insurance company itself has a strong ability to continue operations; The regulatory risk rating has been maintained for a long time, and the company is safe and reliable; The return on investment ranks at the forefront of the market, and dividends make users more confident!
In general, the policy benefits, dividends, company strength and investment ability of this product are more reassuring.