AIA Life has designed a whole life insurance product called Shengshi Classic Exclusive Edition. I heard that this product is sold by the Postal Savings Bank of China.

Now let’s evaluate the comprehensive protection of this product and see if it can meet everyone’s needs.

Friends who are in a hurry, you can read this article in advance:

"AIA Grand Classic Premium Edition whole life insurance is really worth buying?" Let’s talk about it after reading the benefits! 》

1. What protections does AIA Grand World Classic Premium Whole Life Insurance provide?

Without further ado, let me first bring you the protection picture of this product:

It is easy to know from the picture that this product has relatively few protection contents and provides protection against death. or total disability insurance benefits. However, death and total disability insurance only pay for one of them. In addition, it is also equipped with automatic premium advance and borrowing rights. Today, I will give you a serious explanation about the guarantee of this product!

1. A wide range of insurance age

Shengshi Classic Exclusive Edition whole life insurance allows people from 7 days old to 70 years old to insure, which means that the maximum insurance age is 70 years old. Compared with similar products whose upper limit of insurance age is 60 or 65 years old, the insurance age range of this product is relatively satisfactory. It is also more reasonable for the elderly group.

2. Flexible payment period

The payment period of Shengshi Classic Exclusive Whole Life Insurance is relatively thoughtful, and can be determined to be paid in 3 years, 5 years, or 10 years, which is suitable for different consumer needs. of consumers. Under the same annual premium, if the customer wants to get more benefits, he or she can add a longer payment period.

3. The effective insured amount increases year by year

Shengshi Classic Exclusive Whole Life Insurance covers the effective insured amount and is an incremental whole life insurance. According to the stipulations in the contract, the effective insurance amount in the first insurance policy year is the same as the basic insurance amount.

But starting from the second policy year, the effective insured amount in each insurance policy year will increase by 3.5% based on the effective insured amount in the previous insurance policy year. This also shows that the effective insured amount of this product will increase year by year. If the insured lives longer, it means that his or her net worth will generally be higher.

Speaking of this, if there are friends who don’t know much about incremental whole life insurance, be sure to read this article first, it is very practical:

"It can manage finances, Who is the guaranteed added whole life insurance? Is it worth buying? 》

2. Before insuring AIA Grand Classic Exclusive Edition whole life insurance, you should pay special attention to these points!

1. There are many exemption clauses

Exemption clauses refer to the content and circumstances under which the insurance company does not assume insurance liability, similar to the injury caused by the policyholder to the insured or the suicide of the insured. , drug use, drunk driving, etc. generally fall under the exemption clause.

The Shengshi Classic Exclusive Whole Life Insurance has 7 disclaimers in total. Compared with the incremental whole life insurance with 3 or 5 disclaimers, the disclaimers of this product are actually relatively small. More means that the scope of protection received by the insured will be smaller, which is not very thoughtful for the insured!

2. The protection content is relatively simple

After browsing the picture above, you can see that the protection content of the whole life insurance of Shengshi Classic Exclusive Edition is not well thought out, and only covers death or total disability. insurance money. It should be understood that the outstanding incremental whole life insurance products on the market not only provide death or total disability insurance benefits, but also include accidental death or total disability insurance benefits, aviation accident death or total disability insurance benefits, and holiday accidental death insurance benefits. Therefore, total disability insurance benefits, etc.

Take the aviation accident death or total disability insurance benefit as an example. If the insured is in danger due to an aviation accident, the insurance company will generally provide an additional payment in addition to the death or total disability insurance benefit. Money is given to the insured or his or her family.

This amount of money can provide customers with greater protection. To put it bluntly, the protection content of Shengshi Classic Exclusive Whole Life Insurance is really not much. I hope it can improve this aspect bit by bit in the future.

Overall, the Shengshi Classic Exclusive Whole Life Insurance has the outstanding features of a wide range of insurance ages, flexible payment terms, and an increase in the effective insured amount year by year.

However, one thing that should be noted is that this product has a lot of disclaimers, and the protection content is not comprehensive enough. It is recommended that friends first take a look at other similar products on the market with better protection, and then choose an insurance policy that can meet their own needs!

Finally, the senior also compiled several high-yield incremental whole life insurance products for everyone. Interested friends should not miss them:

"Newly released! Don’t miss the top five high-yield incremental whole life insurance products! 》

Write it at the end

I am a top student talking about insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not been resolved yet For your questions, you can also consult me ??on the official account Xueba Talk Insurance;

I will give you the most professional advice based on my years of experience in configuring insurance for 10W+ families.

Public account: Top academics say insurance costs less, buy the right insurance!