This product is an insurance product and provides certain personal protection. Not a financial product. Determine whether it is a wealth management product or an insurance product when purchasing. Wealth management products are short-term and there is no futures exchange. The principal and corresponding income can be recovered after maturity. Insurance products can support the futures exchange, but the cancellation of the contract before the expiration will lead to partial loss of principal. In other words, wealth management products are short-term financial instruments (conventional wealth management usually lasts for one year or less), while insurance products are a combination of guaranteed products and long-term financial instruments. If there is no guarantee demand, or if you plan to invest for 5 years, 10 years or even life, then it is not recommended to buy insurance products, no matter which institution jointly launched them.
Alipay is a subsidiary of Ant Financial. This is a third-party payment platform. Its function is only payment, and it cannot participate in the development and sales of financial products. Alipay cannot jointly launch products with PICC. Specifically, this product is an endowment insurance product jointly launched by Ant Insurance and PICC China. The full name of Ant Insurance is Ant Insurance Agency Co., Ltd. It is not difficult to see from the name that it has no research and development ability and will not issue insurance products. In short, Ant Insurance is only an insurance sales organization and does not participate in the management and operation of insurance products. In other words, the products in the title are all insurance products issued by PICC. Ant insurance is just a seller, charging a certain sales commission.
Ant Insurance is also a subsidiary of Ant Financial. Alipay has developed from a payment platform to a bloated application. It is not surprising to implant insurance products sold by our company. But it can't be understood as the insurance products launched by Alipay and PICC.
If safety or long-term investment is needed, endowment insurance can be rationally allocated. However, the return on investment should not be too high. The yield of general endowment insurance is similar to that of low-risk financial products (at present, the yield hovers around 4%, depending on the specific situation), but the term is as long as decades or even life.