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What if China Life Insurance deducts 5,000 yuan?
Now many people will buy some wealth management products on some software. These wealth management products can get some benefits, but some wealth management products are also very risky. For example, a netizen bought a wealth management product of China Life Security Coin on Alipay, but the bank card was deducted 5000 yuan. What should I do?

What is the currency of China Life?

China Life Insurance Coin is actually a money fund, which is a money fund wealth management product issued by China Life Insurance. The custodian bank in this currency is China Industrial and Commercial Bank of China Co., Ltd. The investment objective is to create a stable investment return for fund share holders that is higher than the performance benchmark on the basis of strictly controlling risks and maintaining high liquidity. Therefore, many people buy China Life Insurance Fund in order to obtain high income, but there are also some risks. Before investing, you must control your investment desire and understand clearly.

What should I do if I am deducted 5000 yuan?

In fact, this means that you bought China Life's safe currency on Alipay, and then Alipay will deduct it regularly, because you have opened the automatic deduction service. By the time you find out, Alipay has already deducted the money from the bank card, so it can only be redeemed after the expiration of the China Life Security Monetary Fund, not immediately. But don't worry about this money. It was used to buy China Life's money and was not cheated by others. After the expiration, Alipay will open a redemption channel, and you can redeem it normally.

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Therefore, before buying wealth management products, you must think clearly, otherwise you will think that your money has been deducted for no reason. In fact, he had set up an automatic deduction agreement himself before, and then used it to buy China Life's safe currency. But after a long time, he forgot, and when he found that his money had been deducted, he would think that his money had disappeared for no reason.