Is it good to buy China Taiping Life Shengshi Longteng?

Taiping Life's Shengshi Longteng is a comprehensive insurance, that is, a participating insurance. Many people value participating insurance as both protection and financial management. But does it really look as perfect as it seems?

It is recommended that friends who are not sure take a look at the following article first.

Why are there so many complaints about participating insurance? Demystifying the mystery of participating insurance

What is Participating Insurance?

Participating insurance refers to an insurance company that distributes to customers in the form of cash or value-added dividends according to a certain proportion.

Is dividend insurance good?

(1) Revenue

The expected return of participating insurance is not high. For most participating insurance products, the profitability cannot even beat the bank fixed deposit interest rate. The reasons why participating insurance has become the most complained about by consumers are not only these, but you can also take a look at the following article if you are interested.

Dividend insurance is frequently complained about, and there are so many flaws behind it.

(2) Participating insurance coverage is general

In general, participating insurance does not provide comprehensive protection, and the amount of compensation after the accident is relatively low.

The primary purpose of buying insurance should be "protection", so if you want to configure dividend insurance to provide for the elderly, it is better to honestly configure health insurance.

Dividend-paying products may not be suitable for most people.

And,The protection and income of Shengshi Longteng are average, and the protection is far from enough. The primary purpose of buying insurance should be "protection", and instead of dwelling on participating insurance, it is better to choose a health insurance with comprehensive protection. Here are some recommendations for you, you can refer to them.

The 10 most worthwhile critical illness insurances

I manage my money in a bank, and our company basically doesn't buy insurance because it's not cost-effective.

Taiping is a state-owned enterprise, and the background can ensure that there are good investment channels. Its insurance is incomparable. Of course, before managing your finances, you should prepare for illness and medical treatment.

What's right is the best.

Summary. Hello, it can be refunded, but only the cash value can be refunded, can Taiping Life Shengshi Longteng surrender the policy when the premium is paid?

Hello, you can refund, but only the cash value can be refunded, 1. If the insured survives at 0:00 the next day after the end of the hesitation period, we pay the special insurance money according to 10% of the standard annual insurance premium. 2. Survival insurance 1From the effective date of this contract to the first anniversary of the insurance policy after the insured reaches the age of 65, if the insured survives at 0:00 on each anniversary of the insurance policy during this period, we will pay the survival insurance benefit at a certain rate of the basic sum insured under the Japanese contract, which is 6% for the first 10 payments after the effective date of the contract and 12% after the completion of the 10 payments.

2.From the date of the first anniversary of the insurance policy after the insured reaches the age of 65 until the termination of this contract, if the insured survives at 0:00 on each anniversary of the insurance policy during this period, we will pay the survival insurance benefit at the rate of 30% of the basic sum insured of the current Japanese contract.

3. If the death insurance benefit imitates the death of the insured, we will pay the death insurance benefit in the following way, and the difference will be terminated at the same time: 1If the Insured dies before the expiration of the premium payment period, the death benefit = the standard annual premium paid under this contract The number of policy years of this contract at the time of the insured's death; 2.

If the insured dies after the expiration of the premium payment period, the death benefit = the standard annual premium paid in this contract and the number of premium payment periods. The above-mentioned standard annual insurance premium is calculated on the basis of the basic insurance amount of this contract at the time of the insured's death according to the standard insurance rate corresponding to the insured's annual payment method.

Hope it helps you and have a great day! Please give a thumbs up!

Hello, I am Taiping Life Insurance, this product is our company's product, I can analyze it with you.

When buying insurance, the first thing to consider is protection insurance, why? Because the function of protection is irreplaceable and unique by other financial institutions, since you want to buy insurance, this function must be used. After all, once it happens, it will have a greater impact on the family economy, so it is necessary to plan in advance.

If you don't have social security, you can add medical insurance to your child, so that part of the cost of hospitalization can be reimbursed. After the security is complete, you can plan an education fund for your child and leave him a sum of money.

Next, let's talk about this Shengshi Longteng + gold account, if you are insured, as soon as the 10-day hesitation period passes, 10% of the money you pay (called premium) will be returned to your account, and the next year of the sum insured (this is the agreed amount, not the premium you pay, you can ask ** person for details) 6%, 10 years, 10 years later, it is 12% of the amount of insurance until the age of 65, and 30% of the amount of insurance after the 65-year-old and auspicious sales. What does the gold account mean, that is, you don't take the money returned every year and directly enter the gold account, and the money is slowly rolled over according to the daily interest and monthly compound interest (it is rolled once a year in the bank, and 12 times a year in the gold account). As for how many annual interest rates there are?

At the beginning of last year, the annual interest rate of the gold account was about 4%, and from this year to now, it is 6% annual interest rate for 5 months. That's basically the explanation of this product, and I hope it helps you.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"