Analysis of variable annuity insurance

In foreign countries have been selling for years variable annuity insurance, commonly known as "minimum guarantee investment and even risks", will take place in Beijing and Shanghai, put down roots in 5 areas. As a new line at first appearance, it will struggle and dividend insurance life insurance market, is also like universal life insurance, investment and even danger Pan? Recently, this reporter learned from the many insurance experts, and variable annuity insurance market, is expected to break the current dividend of danger and risk dominance patterns, and gradually replace the traditional investment and even dangerous, but also reverse the slow development of the situation on the market for life insurance old-age pension. Recommended reading insurance weekly: variable amount annuity pilot started Beijing Shanghai five city first wins insurance enterprises violations promotions penalty 500,000 insurance ring "Wang yawei" emerge surface exaggerated income does not to risk silver insurance disputes constantly should first to family "pillar" Shang foot insurance regardless of from lost insurance is zehui Shi Qiming jointly immortal see disk build boutique lecture what for variable amount annuity insurance variable amount annuity insurance is imported products, currently domestic consumer on this a new insurance species still more strange. It is understood that variable annuities can be understood as an upgrade the amount of investment and even dangerous, is policy interests associated with the investment account, at the same time as contracted with the lowest guaranteed life insurance policy interests. Insurance life insurance supervision Department Director Liang t introduction, variable annuities can be simply understood as the amount of "investment and continuous insurance + minimum guaranteed + pension payments of" insiders also interpreted for domestic investment type insurance products, annuities products on the market with the combination of open-end fund three. After the customer has purchased the product, the insurance company will set up one or more accounts, each account relatively independent, isolated from the other account to ensure accounting clarity, investment income of the account completely belong to the insured, the insurance company paid to the insured investment income in the world with an annuity, and the company policy conventions only charge the account management fee. Also, variable annuities also provides the amount of guaranteed minimum income. Guaranteed minimum benefits in insurance consumers, while additional pay a guaranteed interest costs to compensate for the costs incurred by the company to provide guaranteed minimum income. Introduction to Liang t, 4 for future upcoming products will be in the form of guaranteed minimum income, the minimum death benefit guarantee, minimum maturity benefit guarantee, minimum pension payment guarantee and the minimum cumulative interest guarantee. Which way will expressly agreed upon in the policy. A case study of minimum maturity benefit guarantee, was at the time of expiration of the policy, when the expiration of the insurance consumer can get account of the greater of the values and conventions of guaranteed minimum income. This means that, when the account value less than agreed in the policy of guaranteed minimum income, the insurance company will pay for insurance of guaranteed minimum income on consumer conventions. Shows that insurance companies bear the investment risk as a result of the provision of guaranteed minimum income. It is worth mentioning is that higher than the guaranteed minimum income of some of the above investment risk is borne by the insurance consumers themselves. Guaranteed minimum to maximum aspect on the market today there are only 3 of the financial-insurance, investment and even insurance and dividend insurance and universal life insurance. Compared with these 3 categories of products, become the largest feature of variable annuity insurance guaranteed minimum income. It is understood that the investment and continuous insurance and dividend insurance and universal life insurance investment income are not within the policy agreed in the contract, such as dividend insurance usually is survive to return gold, but the bonus part are not fixed, fixed pursuant to the operating conditions of the insurance company; likewise, investment and even the danger and do not set the guaranteed minimum income, profit and loss of investment income from insurance consumers themselves to assume. Variable annuities with these 3 kinds of financial insurance the amount there are many detail differences. Introduction of capital economy-trade University Professor Tuo Kunitaka, from established accounts, dividend risk does not have an investment account, universal life insurance is only set up one investment account, variable annuity insurance as in connection with an investment risk, there are one or more investment accounts and investment funds can be converted freely between different accounts. From income view, dividends insurance of income from insurance company usually by said of "three difference" (died difference, and Fei Cha and Lee difference), universal insurance of settlement interest rate by insurance company developed, by bank interest rate effect more obvious, and variable amount annuity insurance and cast even insurance of income from Yu account funds in stock, and Fund, and bond, market of investment profit; variable amount annuity insurance all of investment income return insurance consumer all, however received way is annuity of fixed received, and cast even insurance can in contract conventions conditions Xia flexible drawn investment account of funds, dividends insurance is is annual dividends, dividend how many and insurance company of operating related, dividends insurance surplus of 70% more distribution to insurance consumer. Compared with the traditional fixed annuities, variable annuities, not only in the amount of the premium paid way more flexible, more important is, rate of return is no longer fixed and determined by the rate of return on investments. However, when the policyholder benefits, does not allow a one-time leading out, but by an annuity payment. In addition, the variable annuity insurance compared to banks, funds and other financial products or better are attracting investor attention. Tuo Kunitaka pointed out that funds and other products can be short term redemption, and variable annuity insurance you are pursuing a long-term gain, payment period up to 7 years, 10 years or longer, short term redemption is the so-called surrender, surrender loss, funds are limited. Suitable for high-end crowd "because insurance companies to charge variable annuity insurance account management with the lowest cost and cost of guaranteed minimum income, only a small amount of money into the customer is not for the purchase of this product. "An introduction to people who are involved in discussing and variable annuity insurance, high-end crowd will be the subject of variable annuity insurance consumer, coming soon of the insurance, annual minimum fee is expected to reach $ 20,000. China insurance regulatory Commission stakeholders also expressed, in General, variable annuity insurance suitable for strong economic strength, lower psychological ability, but they expect a certain investment income of insurance consumers, they also need to have some insurance, investment knowledge. It is worth to remind that, minimum guarantee and investment gains can be one of the biggest selling point of the variable annuity insurance, but insurance sales of the selling points are also likely to lead to misleading customers. To prevent insurance sales variable annuities sold to is not for the amount of population, China insurance regulatory Commission recently made to the insurance company sales channel qualified and sales personnel's quality put forward higher requirements, such as special training, participated in variable annuity insurance selling life insurance products for more than a year and no major irregularities and fraud. At the same time, China insurance regulatory Commission also clearly required insurance companies to customers "risk tolerance questionnaire" assessment, ensure that the amount of variable annuities and insurance matches the risk appetite of the consumer. Is expected to replace the cast even the insurance industry has been advocating insurance return warrantyWith disabilities, then the variable annuities is the amount deviated from "protection" instead pursue investment income? For this question, explained people involved in research and development of the insurance, variable annuities in the protection of the amount of the guaranteed minimum income protection. It is understood that this insurance in foreign markets have been sold for nearly 70 years, the introduction of rapid early development. While the international financial crisis, variable annuity insurance under a certain degree of impact, but still is the mainstream product of foreign insurance markets, such as 2009 year variable annuity insurance in the United States pension market share is still close to 50%. Guangdayongmingrenshou a responsible person pointed out that, on the one hand you can change the current dividend of danger and risk dominance patterns, will also go slow twist life insurance in the old-age pension insurance market situation. Analysis of the many insurance experts, variable annuity insurance after the life insurance market on track, is expected to replace the existing investment and even dangerous. Relevant data show that current dividend risk total up to near 80% in the life insurance and universal life insurance and investment company insurance market share is shrinking. There are insurance companies who believe that by insurance companies to invest in capital markets can obtain a higher return on investment so as to avoid the risk of inflation, population aging in China receiving annuity demand. However, some analysts believe that variable annuity insurance cannot cover all investment banking crowd, insurers may set the bar for customer investment, this pattern of an existing life insurance market will not form a great impact. Because of this type launched on the financial strength of insurance companies, investment and risk control ability put forward higher requirements, variable annuity insurance launched pilot sales in the early days, by certain conditions of the insurance company in Beijing, Shanghai and other places sales, every company is only pushing a product, and pilot sales amount not exceeding $ 8 billion. Insurance experts pointed out that, although the foreign variable annuity insurance market more mature, but when introducing domestic cannot copy, should fully take into account the domestic life insurance market and the customers ability to take risks. At present, said some companies are developing more combination products in the domestic market. Business reporter Cui Qibin Oriental IC/for map