The same is dividend insurance, the amount of insurance is similar to the premium, but the dividend distribution is ten times different? At present, under the expectation of raising interest rates, dividend insurance has become a popular type of insurance.
But in fact, although the dividend insurance products on the market are also called "dividend insurance", in fact, two different dividend methods can be used, one is cash dividend and the other is guaranteed dividend. When citizens choose dividend insurance, they should choose according to their actual situation.
Two ways of dividend distribution
American dividends: commonly known as cash dividends, China Life Insurance, Ping An Insurance and Pacific Insurance; Most insurance companies, such as AIA, use American dividends.
British dividend: the so-called capital preservation dividend, while some products of Xinhua Life Insurance and Xincheng Life Insurance adopt English dividend. The reason why the dividends of these two products are so different is that they basically adopt different dividend methods.
situation
The premium is almost the same, and the dividend difference is several hundred yuan.
Mr. Zhao, a citizen, insured a dividend-paying whole life insurance last year and paid the premium for 20 years, with an annual premium of 3,600 yuan and the insured amount of 654.38+10,000 yuan. The latest dividend notice from an insurance company made Mr. Zhao very happy. This year's dividend is more than 900 yuan, which is equivalent to a one-year yield of more than 20% based on his own investment of 3,600 yuan! Is the insurance yield so high?
In Mr. Zhao's impression, my friend also insured a dividend-paying life insurance last year, with the insurance amount of 65,438+10,000 yuan, and the annual premium was more than 3,000 yuan, and the dividend he got was only a few tens of yuan.
It is also a dividend insurance. Why is the dividend gap so big? Mr. Zhao thinks hard.
Calculation of two dividend methods
For example, the insured also bought a dividend insurance of 65,438+10,000 yuan, which will be paid in 20 years, with an annual premium of 3,000 yuan, assuming the dividend rate is 1%.
If American dividend is adopted, the insurance company will calculate the dividend according to the cash value and distribute the dividend for the current year in cash. Generally speaking, the year-end dividend in the first year is 3000× 1% = 30 yuan; The second year is 3000× 2× 1% = 60 yuan, and so on.
If the British dividend is adopted, the insurance company will calculate the dividend according to the insured amount, automatically accumulate the dividend of the current year to the insured amount, turn the dividend into the insured amount and increase compound interest.
For example, the year-end dividend can be calculated in this way, assuming that the annual dividend rate is 1%, because the insured amount is 654.38+10,000 yuan, and the annual dividend in the first year is 654.38+10,000 yuan × 1%= 1000 yuan; The annual dividend in the second year is (65438+ ten thousand yuan+1000 yuan) ×1%=10/0 yuan; The annual dividend in the third year is (65438+ 100000 yuan+10/0 yuan) ×1%=1020.1yuan, and so on.
Cash dividend PK insured dividend
profitability
The short-term benefits of insured dividends have advantages.
Judging from the calculation base of dividend, the calculation base of cash dividend is "cash value of policy" and the calculation base of guaranteed dividend is insurance amount. Because the cash value of the policy at the initial stage of insurance is relatively small, there is very little cash dividend at the initial stage of cash dividend insurance, and there is no advantage of guaranteed dividend. However, in the long run, with more and more premiums paid, the difference with the insured dividends will gradually narrow.
From the "dividend rate" point of view, due to cash dividends, it requires high liquidity to distribute cash dividends every year, which may restrict the space of investment income of insurance companies, and the dividends distributed by insurance amount will directly increase to the insured amount, so that insurance companies can increase the investment ratio of long-term assets, increase investment income to a certain extent, and enable policyholders to maintain a high and stable investment income rate.
indemnificatory
Guaranteed dividends are highly guaranteed.
From the perspective of security, the advantages of dividend insurance are more obvious.
The amount of dividend is based on the amount of insurance, and the current dividend is increased to the existing amount of insurance policy. This is equivalent to allowing the insured to automatically increase the insured amount without underwriting, and apply for an increase in the insured amount during the protection period, which can alleviate the insurance depreciation caused by inflation to some extent.
flexibility
Cash dividends can be kept and taken.
Bonus is not as flexible as cash dividend.
Take Mr. Zhao He as an example. In the first year of dividends, Mr. Zhao paid more than 900 yuan, while the dividend was only a few tens of yuan. However, due to the fact that the money has been converted into the insured amount, Mr. Zhao can't actually get the money from the insurance company, and he can only get back the distributed dividend when there is an insurance accident, insurance expires or surrender.
Tang Xiao can get a small bonus, but the way of cash dividend is flexible, so it is advisable to keep it. As long as Tang Xiao wants a cash bonus, he can get it. At present, cash dividend insurance can provide accumulated interest, offset premium, purchase and payment increase.
suggestion
Liquidity requires high cash dividends.
If citizens are not in a hurry to withdraw dividends, they can choose dividend-guaranteed products, which will get higher protection in the long run and are expected to get better returns. However, if citizens have higher liquidity requirements for cash, they can choose cash dividend products, which is more flexible.
In addition, whether "cash dividend" or "insured dividend" can bring more benefits to the insured depends on the operation of the insurance company.
If the insurance company's capital operation can achieve a higher rate of return, dividends will naturally rise. The public should not be confused by the obvious differences in dividend distribution methods, but should pay more attention to the operating ability of the insurance company where the insured is located.
If you have any other insurance questions, please come: protect more fish and talk about insurance.