Ping An Universal Insurance provides the possibility that only one life insurance policy can solve the protection problem for life. Ping An Universal Insurance's flexible premium payment method and adjustable protection are very suitable for people who need lifelong insurance protection.
Extended data:
Features of universal insurance:
Freedom of payment
Compared with traditional life insurance, the payment of universal insurance is basically not mandatory. After paying the initial minimum premium, you have the right to make additional investments. In the following years, customers can make additional investments at any time according to the income; As long as the policy account is enough to pay the policy fee, the customer can even suspend the premium payment.
Cost transparency
Compared with other types of insurance, the cost of universal life insurance is very transparent, and the premium paid MINUS the initial cost, guarantee cost and investment account ratio are clearly written. Insurance companies settle the value of policy accounts monthly (or quarterly in some companies) and announce the settlement interest rate for the current month (quarter).
Guaranteed income
After deducting the fees and guarantee fees, the premium will go into a separate account for investment. Universal insurance promises to give customers a guaranteed income of about 2.5% per year within five years. Its biggest feature is that in addition to the guaranteed interest rate (1.75% ~ 2.5%), the income insurance companies and investors who are higher than the guaranteed interest rate share it in a certain proportion.
References:
China Ping An Insurance. Baidu baike