Ping an life insurance universal life insurance rate adjustment or adjustment of product structure

Reporter Yasutami recently, in the field of universal life insurance in the country known as "the industry bellwether," said ping an life insurance universal life insurance rates appear lower. From the peace officer can be seen on the Internet, its universal insurance settlement interest rate at the date of March 1.0616 out of 10,000, in the terms, the year settlement rate of approximately equal to 3.875%. After two months, ping an life insurance universal life insurance announced interest rates are higher than the number of settlement rates for conversion of the year after about 4%. 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 in peace life seems, universal insurance income with market situation constantly adjustment, this reduce settlement interest rate is in normal adjustment of range within. While the industry has made more reading this regarded as safe for product structure adjustment of a signal. Reason is not difficult to understand, peace sells best is universal life insurance products last year, to their premium contributions on the scale of self-evident, but not the company's core business. Therefore, apart from its actual investment income effects, should say lower universal insurance settlement rates also considered inseparable from market strategies and product structure. Access to the company's Web site, reporters found in order to raise interest rates in the market environment, universal insurance settlement interest rate differences began to emerge. China life March year of universal life insurance settlement interest rate of 4.05%, and in January was flat before; Chinese Turbo years of universal life insurance settlement of interest rates also remained at 4.05%, little change; Xinhua life insurance 4%, marked increase compared with the previous 3.7%; Taikang was 4.2%, compared with the previous 3.875% more significantly. Judging from the present statistics, the highest interest rate should be regarded as one of Pacific life insurance universal life insurance products, years of settlement rates up to 5%. Universal insurance company insurance year directly corresponds to the Bank settlement interest rate of 5-year time deposit interest rates. Since last year after entering the interest rate channel, after 4 higher interest rates, Bank time deposit interest rates gradually higher, to April this year, the 5-year deposit rates high to 5.25%, universal life insurance settlement increases pressure on interest rates. Universal life insurance product advantages can be drawn at any time pay premiums, initial costs but at the same time universal insurance exists, and if within the first 5 years surrender will charge the appropriate fee, can be done without cost to 6th year after surrender, so it is considered to be 5-year bank deposit alternatives. The previous high interest rates before and after the 2008 cycle, to ping an of China (601,318, unit) represented several high interest universal life insurance universal life insurance at one point gave up to 6% of years of settlement rate, higher than the 5-year bank interest rates on a regular basis at the time (5.85%). Later, universal life insurance settlement rates all the way down to the September 2009 at the level of 3.76%. That by the year 2010, although universal insurance settlement rates appear modest rebound in early, but the warmer trend maintained only at the end of a quarter of the year, then continue to go down and low point in October per cent. The reason, since 2010 the decline in the rate of return on investments of the insurance company makes lifting universal insurance settlement interest rate of pressure increase. Ping an, Kunihisa and Turbo 2010 annual report shows that while the growth in investment income, but the overall rate of return on investments fell dropped respectively by the cent in 2009, 5.78%, 4.9%, and 5.3%. Further analysis, because since 2010 investment earnings is not high, the company products are mainly dominated by dividend risk, compress the growth of universal life insurance space, at the same time traditional insurance also have shrunk. Dividend products compared with universal life insurance, high protection components, low levels of transparency, low levels of competition, marginal profit margins high, thus becoming insurance companies encourage sales of key products. Interest rate effects on universal insurance settlement interest rate of a delay, is also at present its benefits one of the causes of lingering low. Judging from the characteristics of insurance funds, in the interest rate cycle, universal life insurance settlement rise in interest rates to slow the rise in interest rates on bank deposits. The short term, the insurance company about 50% of assets in bonds, interest rates cause a decline in the value of the bond market and the reduction in net assets, which led to decline in investment income and net worth decline. Interest market, interest rates will impact on liquidity in capital markets reflected, and the specific impact on capital markets requires further observation. Worthy of note is, and can lock the long-term gains of deposit different, universal life insurance settlement rates are adjusted on a monthly basis, once cutting cycle, a settlement rate will gradually decrease to a large extent, this is important for insured balance insurance products whether for them.