Market interest rate fluctuations continued, and in the economic environment of the past two years, many people have switched to participating life insurance for long-term capital planning, but some people maintain a wait-and-see attitude towards dividends.
Recently, Sunshine Life has increased the number of No. 6 increased whole life insurance (participating type) is relatively hot, this product company is strong, the policy benefits are strong, and the IRR including dividends can exceed 3.8% at the highest, which can be called the leader of similar products.
Friends who are excited can't help but have a question: Is the dividend reliable?
Make a detailed evaluation of this product today to see if its company, policy benefits and dividends are reliable.
Key topics in this article:
> the basic introduction of the No. 6 Incremental Whole Life Insurance (Participating).
> increase the number 6 dividend-paying policy benefit introduction, is the dividend reliable?
> write at the end
1. The basic introduction of the No. 6 increase in whole life insurance (dividend-paying).
1. Introduction of insurance companies
Founded in 2007 with a registered capital of 21,045.2 million, Sunshine Life Insurance is a national professional life insurance company under Sunshine Insurance Group. At present, more than 1,000 branches have been opened in 29 provinces, municipalities and autonomous regions across the country, and the service network has basically achieved nationwide coverage.
According to the data on the official website, Sunshine Life has served 430 million customers with insurance protection, and the cumulative compensation of various types has reached 218 billion, and has won many honors such as the Best Insurance Claims Award - China's Top 100 Service Industries, and the claims service and customer reputation are very good.
As of the end of 2023, Sunshine Life's total assets exceeded 400 billion, ranking 9th among life insurance companies! A veritable 100 billion asset insurance company, with strong strength!
And in 2023, Sunshine Life's net profit will be 3.206 billion, and it has achieved 10 consecutive years of profitability from 2014 to the present, which shows that it has strong sustained profitability.
Let's look at the regulatory data: According to the official website of the insurance company, in the first quarter of 2024, Sunshine Life's core solvency was 135.16%, its comprehensive solvency was 204.26%, and the latest risk rating was BB. The data shows that Sunshine Life has performed well in terms of solvency and the company is operating steadily.
On the whole, Sunshine Life is a relatively trustworthy company with strong strength, good claims service and stable operation.
2. Add more than 6 product details
The following picture is an introduction to the specific guarantee content of this product.
(1) Insurance rules
Duoduo No. 6 Incremental Whole Life Insurance (Participating) is a product composed of a guaranteed part of the current price + uncertain dividends, which supports 28 days (inclusive) - 70 years old (inclusive) (inclusive), and the insurance age is quite extensive; Occupations 1-4 can be invested, and people with disabilities are not supported to be insured;
The payment period includes single payment, 3 years/5 years/6 years/10 years, and there is a rare 6-year payment period.
The corresponding premium thresholds are 20,000 yuan for single payment/3 years, 15,000 yuan for 5/6 years, and 10,000 yuan for 10 years. The starting line for premiums is not high, and most people can afford it.
The policy is rich in functions and flexible in the use of funds, supporting policy reduction, policy loans, and the designation of a second policyholder.
(2) Coverage
The policy benefit of the product includes a guaranteed partial cash value and no guaranteed partial dividends.
In the event of death, a lump sum payment will be paid, and the specific benefits will be related to the premiums paid, cash value, effective sum insured and dividends, as detailed in the terms of the insurance.
About dividends: During the validity period of the contract, you can participate in the company's dividend distribution, the dividend distribution is uncertain and not guaranteed, and the distribution method is cash dividends; The way to achieve this is to purchase the sum insured, and the accumulated increase in the bonus basic sum assured due to the dividend distribution is called the accumulated dividend basic sum assured, and the part of the accumulated dividend basic sum assured also participates in the dividend distribution.
3. Introduction of exclusive services
Sunshine Life can connect with insurance + education, insurance + health care and residence services.
Many people want to realize the long-term planning of children's education funds and pensions by increasing whole life insurance. In order to meet the needs of consumers, Sunshine Life and Mercer jointly launched the "Insurance + Education" service, providing Sunshine users with five major study abroad programs, including the Elite Program, the Top 100 Universities Program, the Hong Kong Program, the Japan Program, and the Fujimiao Program, covering the whole stage from preschool to graduate school, and also providing private customized exclusive services to help them sprint to the world's top universities.
In addition, Sunshine Life has also launched insurance + health care and residence services, creating a new paradigm of migratory bird health care integrating "travel", "residence" and "maintenance", making high-end community elderly care more comfortable. Sunshine users can enjoy 4 major rights and interests, short-term experience rights, preferred check-in rights, preferential check-in rights, and long-term stay discounts. And the rights and interests can be shared by the whole family, one person is insured, and the whole family benefits!
(Note: Wellness sojourn, high-end study abroad services and high-end elderly care services are provided by Sunshine Life's cooperative third-party suppliers and are not part of the insurance contract; Exclusive services are subject to premium requirements and are subject to separate payment and are not related to insurance costs. ）
Second, the introduction of the policy benefits of the No. 6 dividend type, is the dividend reliable?
1. Policy benefit performance
Taking a 30-year-old man paying $1 million as an example, the performance of the policy benefits:
• The cash value of both the guaranteed portion and the portion inclusive of dividends exceeds the premium paid at the end of the 7th policy year.
At the end of the 30th policy year, the guaranteed cash value was 1,936,900, nearly twice the premium, and the total cash value including dividends was as high as 2,881,100, which was 2.88 times the premium paid.
100 years old, the guaranteed part of the cash value is 5.1991 million, more than 5 times the premium, IRR 2.383%!
The total cash value, including dividends, is as high as more than 13.3 million, which is more than 13 times the premiums paid; At this time, the IRR is as high as 3.767%!
It can be seen that the policy benefits of Zengduo No. 6 are very good, not only to ensure that part of the current price is excellent, but also to pay dividends, and the IRR can approach 3.8%, the first echelon of the market!
The above is a 30-year-old lump sum payment, with a comprehensive IRR of more than 3.7% and a guaranteed benefit IRR of more than 2.3%.
If it is a single payment at the age of 0, the comprehensive IRR can exceed 3.8% at most, and the guaranteed IRR will exceed 2.4%!
For other payment periods, the IRR of 0-year-old and 30-year-old insurance is very good, and it can basically be above 3.7%!
Overall, the Zengduo No. 6 policy has a very high return, and the guaranteed benefit IRR and the total IRR including dividends are excellent, and the performance is strong. (The above case shows that dividends are uncertain, not guaranteed, and do not represent past or future business performance, and a policy year may be 0, but the actual dividend is subject to the insurance company)
2. Is the dividend reliable?
Is the dividend so good, reliable? This is a question from many friends.
Regarding dividends, it refers to the dividend distribution of the company participating in the policy during the validity period of the contract. This is closely related to the company's ability to operate and invest.
According to the above company introduction, we know that Sunshine Life Insurance is a 100 billion insurance company, which has been profitable for 10 consecutive years, and the insurance company has strong strength and sustained profitability.
Let's take a look at Sunshine Life's own asset management company:
1. Sunshine Asset Management has a large scale
As of the end of 2023, Sunshine Asset Management is expected to rank around 10th among the 34 insurance asset management companies in terms of AUM, and is classified as a second-tier large-scale asset management company according to the insurance association. (Source: Insurance Asset Management Association of China)
2. Sunshine Asset Management's investment income is outstanding
The 10-year average, 5-year average and 3-year average return on investment of Sunshine Asset Management have maintained more than 1 percentage point higher than that of the industry!
As of the end of 23 years, Sunshine Asset Management has been entrusted with total assets of more than 800 billion yuan, serving more than 300 companies, and third-party asset management accounts for more than 50%.
3. Sunshine Asset Management won the "Golden Bull Award"
With its outstanding investment performance, Sunshine Asset Management has not only been widely recognized by industry institutions, but also won the 3rd Insurance Industry Investment Golden Bull Award, which is known as the "Oscar Award" for Chinese listed companies, in 2023! This is one of the most credible and influential authoritative awards in China's capital market!
In general, Sunshine Life's own asset management companies have strong investment capabilities, and the data performance and the "Golden Bull Award" are great recognition of the investment performance of Sunshine Asset Management!
With such a strong investment ability, the company's dividend distribution products are naturally more confident. Therefore, it is natural to see whether the dividends are reliable or not.
3. Write at the end
Sunshine Life Zengduo No.6 Incremental Whole Life Insurance (Participating) is a life insurance product with dividends, which provides guaranteed and determined benefits while also carrying floating dividend benefits.
With the accumulation of time over a long period of time, the guaranteed benefits and dividends are increasing, and the IRR of the guaranteed partial benefit can reach more than 2.4%, and the total policy benefit including dividends can reach more than 3.8%! At the same time, it also provides exclusive education services, health care and residence services, and the guarantee is comprehensive and sufficient.
The insurance company has assets of 100 billion yuan, strong strength, strong investment ability of its own asset management company, and dividends are worth looking forward to. If you like participating insurance, you can buy it with confidence.
![Shockingly, 66 counties misappropriated 1.951 billion yuan of student nutrition meal subsidy funds to repay debts, and there are many problems[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)