Pacific insurance can be loaned, and the loan that can be purchased is a policy loan, which refers to a loan applied to an insurance company or bank with the insured policy as collateral.
The insurance for applying for a policy loan must be free of premium and claims, and certain loan conditions must be met when applying.
There are also differences between policy loans and bank loans. Generally speaking, the interest rate of policy loans will be lower than that of bank commercial loans. The amount of bank loans mainly depends on the lender's comprehensive qualifications (including repayment ability, income and credit, etc.). ), and the amount of the policy loan is mainly determined according to the cash value of the policy.
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China Pacific Insurance (A shares: 60 160 1, H shares: 0260 1), also known as Pacific Insurance, was formerly known as China Pacific Insurance Company and was established on May 19 13 with the approval of the People's Bank of China. 200 1 According to the reply of the CIRC in the State Council and China, China on the reform of the separate operation institutions, the former China Pacific Insurance Company was renamed as "China Pacific Insurance (Group) Co., Ltd.". CPIC is the second largest property insurance company in Chinese mainland, second only to China Property Insurance, and one of the three largest life insurance companies. It operates a variety of insurance services, including life insurance and property insurance.
In August of 20 16, China Pacific Insurance ranked 52nd in "Top 500 Chinese Enterprises in 20 16". In July 18, 19 and 20 18, the Fortune Global 500 list was released, and China Pacific Insurance ranked 220th. 20 19 July, Fortune Global 500 released: ranking 199. On September 20 19 1 day, the list of the top 500 service enterprises in China was released in Jinan, and China Pacific Insurance (Group) Co., Ltd. ranked 26th. 20 19165438+10 month19, 20 19 Asian financial competitiveness selection list was announced, and China Pacific Insurance (Group) Co., Ltd. was awarded "20 19 Brand Impact Insurance Company". 20 19 12 18, people's daily "China brand development index" 100 list ranked 85th. 20 19, 19 won the People's Ingenuity Brand Award of 20 19 on February 25th. In March 2020, it was selected as one of the top 500 global brands in 2020 132.
Can Pacific Insurance get a loan?
Pacific insurance can be loaned, and the loan that can be purchased is a policy loan, which refers to a loan applied to an insurance company or bank with the insured policy as collateral.
1. Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Second, the risk review of microfinance
The emergence of loan risk often begins at the stage of loan review. Comprehensive judicial practice shows that the risks in the loan review stage mainly appear in the following links.
(1) The loan examiner of the bank was omitted from the review content, resulting in credit risk. Loan review is a meticulous work, which requires investigators to systematically investigate and inspect the qualifications, qualifications, credit and property status of loan subjects.
(2) In practice, some commercial banks do not have due diligence, and loan examiners often only pay attention to the identification of documents, lacking due diligence, so it is difficult to identify fraud in loans and it is easy to cause credit risk.
(3) Many wrong judgments are due to the fact that banks did not listen to experts' opinions on relevant contents, or professionals made professional judgments. In the process of loan review, we should not only find out the facts, but also make professional judgments on relevant facts from legal and financial aspects. In practice, most loan review processes are not very strict and in place.
Third, the legal content of the pre-loan investigation
(1) Review the legal status of the borrower, including its legal establishment and continuous and effective existence. If it is an enterprise, it shall examine whether the borrower is established according to law, whether it has the qualification and qualification to engage in relevant business, and check the business license and qualification certificate, and pay attention to whether the relevant certificate has passed the annual inspection or relevant verification.
(2) Regarding the credit standing of the borrower, check whether the registered capital of the borrower is suitable for loans; Examine whether there is a clear situation in registered capital flight; Past loans and repayments; And whether the borrower's product quality, environmental protection, tax payment and other illegal conditions may affect the repayment.
Don't Pacific Life have a loan policy?
Of course. Pacific insurance can be loaned, and the loan that can be purchased is a policy loan, which refers to a loan that is applied to an insurance company or bank with the insured policy as collateral, and belongs to a policy loan in classification. The so-called policy loan refers to a loan method in which the insured mortgages the policy he holds to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. Because the customer's insurance protection is not affected in this process, the policy is still valid.
Can Pacific Insurance Company get a loan?
You can borrow money. The so-called insurance loan is a kind of credit behavior to apply for a certain amount of loan from the insurance company with the insurance policy as collateral and return the loan principal and interest at the agreed time.
It is to apply for a loan from the insurance company with the insurance policy as collateral. Under normal circumstances, insurance policies that have been exempted from premiums, paid premiums automatically and are applying for claims cannot apply for loans, and the specific matters are determined according to the terms of the insurance company.
Policy cash value loan, which can only be applied to the company that buys insurance. The general loan amount is 60-95% of the cash value of the policy, and the amount should not be too high. The contract shall prevail, the interest rate is low, and the longest repayment period is 6 months;
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What's the difference between insurance loans and bank loans?
1, with different interest rates.
The interest rate for handling insurance policies through banks is the commercial loan interest rate announced by the central bank, which is usually higher than the policy loan interest rate of insurance companies.
2. Different procedures and time.
Compared with insurance companies, banks also need insurance companies to produce relevant information, such as cash value certificates and policy freezing certificates. These materials must be prepared by the lender.
② Because the insurance company needs to confirm and verify, there is no real-time communication channel between banks and insurance companies, so the processing time will be longer than going directly to the insurance company.
3. The loan amount is different from the reference standard.
Some banks can provide loans up to 90% of the cash value of the policy at that time; Moreover, some banks will also refer to the lender's credit, the number of deposits and other indicators, and the loan amount may exceed the cash value of the policy.
The types of loans are limited.
Almost all insurance companies can make loans for policies that meet the requirements, but the types of policies recognized by banks are limited, and there are fewer banks and outlets that provide this business.