A deeper understanding is that if you buy funds or insurance products through banks. The design, investment and management of the product itself are entirely the responsibility of the fund company or insurance company, while the bank, as a sales agent, is responsible for all aspects of the sales process, such as the training of sales personnel, taking up the post with certificates, the assessment of investors' risk tolerance, compliance sales, avoiding misleading sales, and providing good follow-up services for investors in cooperation with the fund/insurance company.
What should I pay attention to when buying funds or insurance products through banks?
First, to understand the nature of the products you buy, you must confirm what products you buy. If it is a fund, you must know what kind of fund it belongs to, what are the risk-return characteristics and trading rules. It is particularly important to note that insurance should not be purchased as a bank wealth management product. The most important function of insurance is protection. Many investors buy products on impulse after listening to the one-sided information of the staff. After a period of hesitation or even a few years, they found that the performance of the products was too different from their expectations, which led to contradictions and conflicts because they did not understand clearly at the beginning. The most common thing is to buy insurance products as wealth management products.
Second, fully understand the role of banks and fund insurance companies. Many investors have bought products sold by banks by virtue of their trust in banks and their traditional understanding of bank wealth management products. Make sure that the issuer and bank of the product are only agents for sales.
Third, ensure that the signed product data and information are correct and effective, and personally sign relevant business vouchers, otherwise it may affect the investment effectiveness of products or have a significant impact on product interests.