The life-long pension annuity insurance introduced by China Life Insurance includes insurance age, hesitation period, insurance period, payment method, pension age, pension collection method, insurance liability and exemption clauses. Details are as follows:

1. Insurance age:18-65;

2. Hesitation period: 15 days;

3. Insurance period: to 85 years old;

4. Payment method: 3-year payment, 5-year payment and 10-year payment;

5. Pension age:

Male: the insured age is less than 60 years old, and the insurance policy for those over 60 years old begins to be collected; At least 60 years old, starting to collect after one policy year;

Female: the insured age is under 55, and the insurance policy will be received on the 55th anniversary; At least 55 years old, starting to collect after one policy year;

6. Pension collection method: annual and monthly;

7. Insurance liability:

(1) Love money:

The insured still lives a quiet life on the day when the pension begins to be collected, and pays the annual premium * payment period *10%;

(2) Pension annuity: choose one of the following two to pay;

Balanced annuity: the basic insurance amount paid every year; Pay 8.4% annual adoption pension every month;

Incremental annuity: the basic insurance amount is paid annually, and the pension for each policy year in the future is the pension for the previous policy year+the pension for the first year * 3%; Pay 8.4% annual adoption pension every month;

(3) Birthday payment:

The insured pays 200% of the basic insurance amount until the insurance period expires;

(4) Death insurance:

The insured died before the pension day, and the premium paid at the time of death was greater than the cash value;

If the insured dies after receiving the pension (inclusive), he shall pay the premium paid-the sum of the accumulated pension and the cash value, whichever is greater;

8. Exemption clause:

(1) The insured intentionally kills or intentionally hurts the insured;

(2) The insured intentionally commits a crime or resists criminal compulsory measures taken according to law;

(3) The insured commits suicide within two years from the date of the establishment of this contract or the date of the final restoration of this contract, except that the insured commits suicide as a person without civil capacity;

(4) The insured smokes, smokes or injects drugs;

(5) The insured is drunk driving, driving without a valid driver's license or driving a motor vehicle without a valid driver's license;

(6) War, military conflict, riot or armed rebellion;

(7) Nuclear explosion, nuclear radiation or nuclear pollution.