Answer: Dividend insurance refers to a kind of life insurance in which the insurance company distributes the distributable surplus of this kind of dividend insurance in the previous fiscal year to customers in the form of cash dividend or value-added dividend after the end of each fiscal year. In the current statistics of the CIRC, dividend-paying life insurance, dividend-paying endowment insurance, dividend-paying all-inclusive insurance and other types of insurance with dividend-paying functions are all included in the scope of dividend insurance.
2. What are the sources of dividend insurance?
A: The dividend of dividend insurance comes from the distributable surplus generated by dead interest, interest spread and handling fee interest.
(1) dead. Good. Refers to the surplus generated when the actual risk occurrence rate of an insurance company is lower than the expected risk occurrence rate, that is, the actual number of deaths is less than the expected number of deaths;
(2) interest margin. Refers to the surplus generated when the actual investment income of an insurance company is higher than the expected investment income;
(3) Cost difference. Refers to the surplus generated when the actual operating expenses of an insurance company are lower than the expected operating expenses.
Because insurance companies should consider three factors when determining the rate: the predetermined mortality rate, the predetermined return on investment and the predetermined operating and management expenses, once the rate is determined, it cannot be changed at will. Life insurance policies often last for decades. In such a long time, the actual situation may be different from the expected situation. Once the actual situation is better than expected, the above difference will occur, and the insurance company will distribute the profits generated by this difference to customers in a certain proportion, which is the source of dividends.
China CIRC stipulates that insurance companies should distribute at least 70% of the distributable surplus of dividend insurance to customers every year.
There are two ways to pay dividends: cash dividends and incremental dividends. Cash dividend is to distribute the surplus directly to the insured in cash. At present, most domestic insurance companies adopt this method. Incremental dividend refers to the distribution of dividend by increasing the insurance amount every year during the whole insurance period.
Under the distribution mode of cash dividends, there are many ways to receive dividends: cash, accumulated interest, premium payment and purchase of reduced insurance.
3. What are the classifications of dividend insurance?
A: Dividend insurance can be divided into investment type and guarantee type according to functions.
Investment dividend insurance is represented by bancassurance dividend products, and it is mainly one-time payment insurance, which is generally 5 years or 10 years. Its protection function is relatively weak, and most of them only provide personal death or total disability protection, and it is impossible to attach various health insurance or major illness protection. Judging from the amount of compensation, accidental death is generally two to three times the premium paid, and natural or disease death compensation is only slightly higher than the premium paid.
Guaranteed dividend insurance is mainly ordinary life insurance products with dividend function, such as mutual dividend insurance and regular dividend insurance. This kind of insurance focuses on the personal protection function, and dividends are only used as additional benefits. Take dividend insurance as an example. When the survival money is returned, there is also a fixed amount of death or total disability protection. Dividends will be distributed according to the company's annual business investment, and there is no fixed amount. The guaranteed dividend insurance can usually be used as the main insurance plus health insurance, accident insurance and critical illness insurance, which can form a perfect protection plan.
4. How about dividend insurance? What about the dividend of dividend insurance?
A: Dividend insurance generally distributes 70% of the annual surplus to the client company on the basis of protection, which can partially resist the inflation problem as the added value of long-term protection in the future.
The dividend of each company is different. According to the different investment scale, investment platform and investment channels of each company, the annual dividend of products will be different. At the same time, the amount of dividends also depends on the amount of premiums invested by customers every year and the different product choices.
Relatively speaking, the dividend of capital preservation dividend products will be less, and the dividend of wealth management products will be more, which is the result of different risks taken by insurance companies.
5. What is the profit of dividend insurance?
I don't know whether the interest rate of dividend insurance will be adjusted accordingly with the adjustment of bank interest rate. Under normal circumstances, can the dividend insurance income be higher than the time deposit interest rate?
A: The dividend of dividend insurance does not adjust with the adjustment of bank interest rate, but rises with the inflation of the market. The interest of dividend insurance is uncertain, but the income is definitely higher than that of ordinary bank time deposits.
Dividend insurance not only has a fixed (or annual, two-year or three-year) survival return income, but also has annual dividends, which are distributed according to operating income. According to international practice, the company and customers are 3/7, that is to say, 70% of dividends go to customers (because customers are investors of funds) and 30% to companies (because companies are technical operators and have policy aspects of national projects).
6. Reserve interest rate of dividend insurance.
Is the predetermined interest rate of dividend insurance 2.5%? Is the calculation base based on paid premium or cash value?
Take Ping 'an as an example. Will the money with the predetermined interest rate be paid to my bank account together with the dividends, or will it be paid to me after it is credited to me first?
A: In the Notice on Matters Related to the Scheduled Interest Rate of Life Insurance (Draft for Comment), the CIRC requires that the scheduled interest rate of dividend insurance should not exceed 2.5%. The predetermined interest rate here refers to the investment rate of return set for future funds when the product is priced.
To make a product, the main considerations are: predetermined interest rate, mortality rate and related management expenses. When a product is formulated, its income and guarantee already include the income at a predetermined interest rate, and the insurance company will not give "money at a predetermined interest rate" separately.
The main reason for dividends is that when the actual investment income is higher than the predetermined interest rate, the insurance company will return not less than 70% of the surplus to the insured, forming our dividends.
7. Dividend insurance dividend inquiry
How to protect the dividend of dividend insurance? If the insurance company loses money, can the bonus be negative? In addition, how do insurance companies determine the dividend payment date, and will there be relevant regulations on insurance?
A: First of all, it must be clear that dividends are uncertain and cannot be regarded as fixed income. It is paid by 70% of the profits earned by insurance companies, which means that there will be dividends if there are profits. The loss of the insurance company has nothing to do with the customer, that is, there will be no negative number at most.
The insurance company will distribute 70% of the annual operating profit to all customers. The distribution time is after June every year. If you buy dividend insurance, the insured person in the first half of the year will receive the dividend payment slip from the insurance company after June, and the insured person in the second half will receive the dividend payment slip after the corresponding insurance date. These are all in line with the regulations of the China Insurance Regulatory Commission.
8. The difference between savings dividend insurance and time deposit. I want to deposit money, but the bank staff recommended me to buy dividend insurance. Is the income of this insurance guaranteed?
Answer: Time deposit: One-time deposit, settled at the current interest rate, with principal and interest paid at maturity. Early withdrawal will lose the interest on time deposit and can only be settled at the current interest rate. The income from time deposit is certain.
Dividend insurance (bank consignment insurance): one-time deposit (divided into several years), uncertain income (dividend is uncertain, depending on the operating conditions of the insurance company), due to receive the principal and dividends, early withdrawal of the lost principal, death within the time limit, can return the principal and part of the compensation, the protection will not be very high.
As the bank's interest rate is fixed, at present, the cpi index is rising constantly, and if we deposit money in the bank, it will depreciate. Moreover, it is now the era of I-investment, and it is difficult to achieve the expected results by bank deposits. The commercial dividend insurance, first of all, has a fixed income, and then combined with dividends and compound interest, it can effectively resist inflation.
9. Is dividend insurance risky? The insurance company didn't make any money. What should I do if I didn't pay back my principal?
Answer: Dividend insurance has two benefits: 1. Fixed income, charged according to the contract. 2. Floating dividends, insurance companies get at least 70% of the profits, which can be zero in theory, but in fact every company has it, and the relatively low level is 3%. Rest assured, the China Insurance Regulatory Commission will pay close attention to the dividend interest rates of companies and take measures once they are very low.
Dividend insurance is risk-free, with a fixed amount of insurance and a fixed income at maturity. Only the dividend is not fixed, and it is determined according to the company's operating conditions.
10. I want to know about the return dividend insurance, and I am going to buy an insurance for my son.
A: Dividend return insurance is available in every company. Generally speaking, the dividend function is provided on the basis of fixed return, double income ensures the interests of customers, and individual products also have high value protection. This is a good form of insurance.
There are many types of insurance for dividend return, some focus on the return of money, some focus on protection, and some focus on old-age care, with different emphasis.
Dividend return insurance includes 1 year, 2 years and 3 years, which are returned according to a certain base, and different types of insurance are different.
1 1. Which is better, the insured amount or the premium? What's the difference between these two methods? Seeing the plan given by the salesman, some of them are capital preservation and dividends, which is quite high. I want to ask, can I really give it?
A: There are two ways of dividend distribution in the world. One is cash value dividend, commonly known as American dividend, that is, premium dividend. After the insurance company receives the customer's premium, after deducting all kinds of costs, the rest of the money is used for investment and profit. The company distributes 70% of the distributable surplus to customers every year, and the dividends directly enter the dividend account, which can be collected in cash or accumulated interest every year.
The second is the guaranteed dividend, commonly known as the British dividend, which is also invested with the customer's premium. The obtained dividend does not directly enter the dividend account, but increases the insured amount by purchasing the corresponding insurance. Dividends can't be received in cash, but only accumulated interest, which can only be realized to customers when the final policy expires or death compensation occurs. Some products are the corresponding cash value after dividends are increased.
In fact, both of them are almost the same, and they all invest with customers' premiums, but the dividend distribution method and collection method are different. Cash dividend is much more flexible than insured dividend, which means that the insurance company bought a life insurance with the customer's dividend.
12. Can dividend insurance fight inflation?
A: Which financial management or investment that ordinary people can widely participate in at present can really fight inflation for a long time? Unless all the money earned is consumed, it will always be consistent with the current price level.
As a generalized financial management method, insurance is the most defensive financial management tool and irreplaceable. Just like 200 yuan can insure 6,543,800 accidents. If a person buys today, it will take effect at 0: 00 the next day, and unfortunately dies unexpectedly, the family will get 654.38+10,000 yuan of insurance money, which is irreplaceable by any other means. Of course, no one wants this.
Dividends are paid because insurance companies are also one of the largest investment institutions. They use customers' money to make money and distribute 70% of the distributable surplus to customers. The guarantee promised to customers can at least make customers' protection effectively resist inflation, but they don't promise to completely resist inflation.
13. Is there insurance for capital preservation and dividends? I am 57 years old. If I take out 654.38 million yuan to buy insurance, I need to make a profit within 3-5 years and be able to break even.
A: It is suggested to consider bank dividend insurance, which can be paid in batches or annually, which can not only protect the capital but also pay dividends. If it is short-term, you can choose bank insurance. China Life has bancassurance in the bank. You can consult a bank, such as Industrial and Commercial Bank of China. Also, insurance pays attention to protection, and the short-term income is not big, which is the biggest difference between it and investment.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.