China Life Insurance Co., Ltd. launched the latest bancassurance financial product - "China Life Xinfeng Insurance Dividend Type". Bancassurance financial products are made by banks, fund organizations and other financial institutions in cooperation with insurance companies to provide products and services to customers through the same sales channels. The following is an introduction to the dividend-paying products of China Life Xinfeng Insurance. As for how China Life is, I just compiled relevant content, I hope it will be helpful to you: How is China Life? Ranking list of the top ten China Life insurance products!

Insurance Scope

Anyone who is over 18 years old and under 70 years old and in good health can be the insured person, and the person himself or a person with an insurance interest in him or her can be the policy holder. Apply for insurance with China Life Insurance Co., Ltd.

Insurance period

The insurance period of the contract is five years.

Insurance Liability

1. Maturity Insurance Benefit

As long as the insured survives until the effective date of the year when the insurance period expires, the insurance company will pay the basic insurance amount. Upon maturity of the insurance premium, the contract is terminated.

2. Death insurance benefit

If the insured dies on the effective date of the contract, the insurance company will pay the death insurance benefit according to the basic insurance amount and the contract will be terminated.

3. Accidental Death Insurance Benefit

If the insured dies due to accidental injuries from the effective date of the contract, the insurance company will pay the death insurance in accordance with the second paragraph above. In addition to the premium, the accidental death insurance benefit will be paid at twice the basic insurance amount of the contract, and the contract will be terminated. Which insurance company is the best? I just compiled the relevant content. I hope it will be helpful to you: the latest list! Ranking of the top ten insurance companies in the country

Dividend matters

During the contract insurance period, on the premise of complying with the regulations of the insurance regulatory agency, the insurance company will pay dividends every year based on the insurance business of the previous fiscal year. The actual operating conditions determine the dividend distribution plan. If the insurance company determines that the contract has a dividend distribution, the dividend will be distributed to the policyholder.

The policyholder can choose any of the following dividend processing methods when applying for insurance:

1. Cash receipt;

2. Accumulated interest: the dividends are retained in the insurance The company accumulates interest in the form of annual compound interest, and the annual interest rate of dividend accumulation is announced by the insurance company every year.

If the policyholder does not select the dividend treatment method when applying for the insurance, the insurance company will handle it according to the accumulated interest method.

Insurance premium

The insurance premium is paid in one lump sum.

Bao Ge’s Tip: China Life Xinfeng Insurance Dividend Type is suitable for those who are over 18 years old and under 70 years old and in good health, including maturity insurance, death insurance, and accidental death insurance. It also offers bonuses and other protection responsibilities, making it suitable for those with financial plans.