No. This is a bancassurance product cooperated by China Construction Bank and insurance companies. Generally, there is an insurance contract. As long as the amount is not moved within 5 years, the principal and interest can be recovered. There is also insurance for 5 years. If you take it out in advance, the principal will generally not be returned.

Definition of bancassurance products:

Bancassurance financial products are provided by banks, post offices, fund organizations and other financial institutions in cooperation with insurance companies through the same sales channels to customers. Provide products and services; bancassurance products are the mutual integration of different financial products and services, complement each other, and develop together; bancassurance, as a new insurance concept, reflects the strong strength of banks and insurance companies in financial cooperation. Features of strong cooperation and interconnected interaction. Bancassurance products are actually insurance that consumers can buy through bank counters. Its biggest selling point is "protection + income", and the earliest insurance type sold through banks was savings dividend insurance.

Definition of wealth management products:

Wealth management products are products designed and issued by commercial banks and formal financial institutions. The funds raised are invested in relevant financial markets according to the product contract. And purchase related financial products, and after obtaining investment income, they are distributed to investors according to the contract.

The classification of financial products is as follows:

1. Bond type

Invest in the money market, and the products invested are generally central bank bills and corporate short-term financing bonds. Because central bank bills and corporate short-term financing bills cannot be directly invested by individuals, this type of RMB financial products actually provides customers with the opportunity to share the income from money market investments.

2. Trust type

Invest in trust products guaranteed or repurchased by commercial banks or other financial institutions with higher credit ratings, and also invest in the beneficial rights of high-quality credit assets of commercial banks. products of the trust.

3. Linked type

The final yield of the product is linked to the performance of the relevant market or product, such as linked to the exchange rate, linked to interest rates, linked to international gold prices, and international crude oil prices Linked to the Dow Jones Index and Hong Kong stocks, etc.

4. QDII type

The so-called QDII, that is, qualified domestic investment institutions that provide overseas financial management on behalf of clients, refers to commercial banks that have obtained the qualification for overseas financial management business on behalf of clients. QDII-type RMB financial products, to put it simply, mean that customers entrust their RMB funds to qualified commercial banks, and the qualified commercial banks will convert the RMB funds into U.S. dollars and invest directly overseas. After maturity, the U.S. dollar income and principal will be settled into Wealth management products allocated to customers after RMB.