Theme slogan of annuity insurance

Summary of endowment insurance 1, meaning of endowment insurance

Pension is a series of regular payments, which can be divided into defined pension and uncertain pension.

Defining pensions does not include insurance elements. For example, monthly rent payment, regular salary payment, installment mortgage, zero deposit clearing and so on.

Endowment insurance is a kind of uncertain pension, which refers to life insurance that pays survival insurance money at specified intervals on the condition of the insured's survival.

The pensioner and the insured can be the same person or different people, but they are usually the same person.

The payment period of endowment insurance can be fixed or lifelong.

Market endowment insurance usually includes two types. One is pension annuity insurance.

Endowment insurance usually takes the form of endowment insurance. According to the Measures for the Administration of Insurance Clauses and Insurance Rates of Life Insurance Companies promulgated by the CIRC, endowment insurance shall meet the following two conditions:

First, the insurance contract stipulates that the payment age of the insured's survival insurance money shall not be lower than the retirement age stipulated by the state.

Two, the time interval between two adjacent payments shall not exceed one year.

Annuity insurance is generally life annuity insurance, and the other is education annuity insurance. This kind of annuity insurance is an important part of children's education and old-age insurance, mainly based on regular annuity insurance.

(A) the main body of the endowment insurance contract

Generally speaking, the main body of the endowment insurance contract is divided into the following two categories.

1, the parties to the endowment insurance contract

Including pension insurers and policyholders, are directly related.

An insurer is a person who manages the endowment insurance business.

According to China's "Measures for the Administration of Endowment Insurance Business of Insurance Companies", life insurance companies and endowment insurance companies established with the approval of insurance supervision and management institutions and registered according to law can operate annuity insurance.

The insured refers to the person who signs the endowment insurance contract with the insurer, applies for insurance and pays the insurance premium.

2, pension insurance contract related personnel

Including the insured, the pensioner, the pensioner and the deceased, are all indirect relations.

The insured is the object of old-age insurance, and the survival of the insured is the condition of old-age insurance payment.

Pensioners refer to those who have agreed to receive pension income in the pension insurance contract.

The beneficiary of pension refers to the person who receives the insurance money, and is the insured himself, the insured or others.

The beneficiary of death is the beneficiary of death insurance. If the insured dies during the accumulation period or the pension payment guarantee period (such as 10 years), the insurer shall pay the death insurance money to the insured or the beneficiary designated by the insured (or other unspecified).

Generally speaking, the insured is usually a pensioner. Endowment insurance is essentially a kind of survival insurance, because pensions are usually paid to the insured (that is, pensioners) when the insured is alive.

However, pensioners may also be "beneficiaries" other than the insured as stipulated in the insurance policy. In this case, the insured usually dies, but the insurance company has not paid the part of the guarantee payment, and the rest is paid to the beneficiary.

(B) the establishment of the endowment insurance contract

Like life insurance, the signing of the endowment insurance contract also requires both parties to agree and form a written contract.

The establishment of pension contract can be roughly divided into the following four parts.

1, register

That is, soliciting endowment insurance through salesmen or agents and inviting prospective insurers to apply to insurance companies.

Fill in the endowment insurance policy and pay the down payment. The insurer agreed to this proposal and issued a pension insurance policy to make a commitment.

2. Agreement

After the applicant pays the insurance policy and the down payment to the insurer, the insurer decides whether to accept the customer's application.

If the insurer believes that the applicant meets the prescribed conditions, it may accept the offer, issue an insurance policy and give a promise.

The insured shall have at least 10 days' hesitation after receiving the policy. The Regulation on the Management of Life Insurance Business (Draft for Comment) promulgated by China Insurance Regulatory Commission in 20 12 stipulates that the hesitation period of life insurance shall not be less than 10.

But because there is no moral hazard in endowment insurance, many insurance companies give Utah a grace period of more than 20 days.

Step 3 consider

Consideration refers to the valuable goods, services or commitments that one party of a contract gives to the other party in exchange.

Endowment insurance contracts, like other insurance contracts, need valuable consideration. That is, after the endowment insurance contract is established, the consideration given by the insured to the insurer is that the insured pays the insurance premium according to the agreement. The consideration given by the insurer to the insured is that the insurer begins to assume the responsibility of endowment insurance at the agreed time.

4. Do you have the ability to act?

The definition of endowment insurance ability is the same as life insurance.

One of the purposes of many pension insurance companies is to protect the widower's loneliness and the disabled's right to exist. Endowment insurance has high humanity and low moral hazard.

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