Friends who have learned about dividend-type increased life should know that there are two ways to receive dividends.
One is cash dividends, which can be paid directly, and the follow-up premiums can be offset without receiving them, or the insurance company can be directly released to accumulate interest
The other is the sum insured dividend, which is to distribute dividends by increasing the amount of insurance (similar to additional insurance, the cash value will also increase simultaneously). In contrast, cash dividends are more flexible, easy to get money, and easy to get in your pocket, but this may lead to a lower income than the sum assured dividends.
And today we're going to talk about this oneYingshanRed 30In the form of cash dividends, the income is higher than that of most of the insured dividend products on the market.
OneThe product details are as follows:
1. UnderwriterDivision
Founded in 2017, Aixin Life Insurance operates in Beijing, Tianjin, Hebei, Jiangsu, and Guangdong (excluding Shenzhen). Recently, a new shareholder was addedBeijingNew Milestone Health Group, subscribed capital 3200 million, the registered capital of Aixin Life after the capital increase is 20200 million.
And the new mileage holds 1584% of the shares, breaking the original pattern of scattered equity and becoming the largest shareholder.
The situation of shareholders holding more than 5% of the shares is shown in the figure below
2. Product details
The original Yingshan Red is an increased whole life insurance, and the upgraded Yingshan Red 3The product form of 0 isDividend-paying increased whole life。Up to 65 years old can be underwritten, supporting four payment periods (3 5 10 years), choose different payment periods, and there are restrictions on the age of the policyholder and the insured:
The sum of the age of the insured person and the payment period shall not be greater than 70 years old;Maximum age of the insured:
In addition, the threshold of the minimum investment amount is quite friendly, and you can get on the bus for 5,000 yuan.
At the policy function level, it does not support additional insurance, and the policy reduction is relatively relaxed, and the policy has been completed for 5 years, and the annual policy reduction limit is 20% of the basic sum assured. Other regular features like policy loans (latest interest rate 5.)5%), intergenerational insurance and secondary policyholders are also available.
Finally, Yingshan Red 30 can choose two ways to claim the bonus:NowGold claimAccumulate interest
Yingshan Red 30 - Bonus Claim Method.
Cash Pick-up Dividends will be paid in cash at the end of the year
Accumulation of interest refers to the retention of annual dividends with the insurance company, not to receive them, and to store them at the interest rate stipulated by the insurance company, which is currently announced by Aixin LifeThe latest interest accumulation interest rate for dividends is:
The interest rate of Caring Life - Dividend Accumulation Interest Rate adopts different ways to receive dividends, which will have a greater impact on the calculation of the expected rate of return of cash dividend insurance, which will be discussed in detail in the next part when talking about income.
IILet's consider the three dimensions of guaranteed benefits, dividend benefits and dividend distribution ability, and comprehensively evaluate Yingshanhong 30 income level, as well as the reliability of dividends.
Take a 10-year-old boy with a total payment of 300,000 as an example, all payment periods are listed and taken a look:
1. Guarantee interests
At the level of the closed period, the three and five years are 7 years, and the 10 years are 9 years;
The premium is doubled for 32 years, 34 years for 35 years, and 36 years for 10 yearsHeld for 50 years, IRR in alphabetical order:
Wholesale (2.)349%)> 10 years (2.).327%)> five-year delivery (2.).309%)> paid in three years (2.).295%）。
The upper limit of the pricing rate for the guaranteed part is 25%, the sooner you get closer, the better the earnings performance.
Let's take a single payment as an example to compare a reference group of the first echelon in the field of cash dividends:
Guaranteed interest part, the newcomer Yingshan Red 30 comprehensively crush the reference group, whether it is the closed period, cash value or surrender return.
We look at the difference by the cash value of holding for different periods of time, holding for 10 years, a difference of 3450,000;Held for 20 years, a difference of 4450,000;Held for 30 years, a difference of 5720,000.
And, the peak IRR in 50 years, Yingshan Red 30 up to 235%, the reference group is only 214%。Guarantee the interests of this piece, Yingshan red 30 wins.
2. Dividend benefits (guarantee + dividends).
As mentioned earlier, Yingshan Red 30 There are two ways to claim dividends, so this piece followsDepartment of Leasing and ProtectionAccumulate interestwithCash collection at sightThere are two ways to calculate the expected dividend benefit and see which one you choose to claim is more profitable.
Accumulate interest
Cash collection at sight
There is too much data, let's take a single transaction as an example:
The 50th year of the policyAccumulation of interestThe calculated IRR is:Cash pick-up at sightThe IRR is calculated as
The IRR calculated by the latter can more scientifically evaluate the expected rate of return of a cash dividend insurance.
So if the IRR is calculated on the spot cash basis, which is higher or lower than the reference group?
Held for 20 years, Yingshan Red 30 irr31%, which is already more than 3%, and the reference group has not yet reached 20%；
Ultra-long-term holding for 50 years, Yingshan Red 30 of the peak IRR369%，It is also much higher than the 3 of the reference group41%。If the income of the reference group can be compared to some insured dividend insurance, thenYingshan Red 30 is able to surpass the vast majority of the sum insured participating insurance
3. Ability to pay dividends
The ability to pay dividends mainly depends on two pointsFulfillment ratioInvest canforce
Aixin Life has disclosed the fulfillment ratio of dividends in the past five years, with a total of 9 participating insurances, all of which have reached 100%+.
Among them, Aixinhong Insurance has maintained a fulfillment ratio of 240% for five years since it began to disclose the fulfillment ratio of dividends in 2019. In terms of investment ability, it mainly depends on the company's investment rate of return, and the investment rate of Aixin Life ranks in the middle of the life insurance company, and its investment ability is also above the passing line.
IIIFinally, in summary, from the perspective of income, Yingshan Red 30 can be called the current top-level product in the field of cash dividends, the income is quite extreme, and even in the market of insured dividends, it is quite competitive.
The product strength is up to standard, but it should also be noted that the profitability and experience of operating participating insurance are not outstanding.
From this point of view, it is obviously not as good as the top students like Zhongyi and Zhongying, who receive dividend insurance.
Therefore, in the end, it has to be classified to discuss, if you don't mind that Love Life is a "newcomer" and wants to fight for high returns in cash dividend products, then this is very recommended to choose.
If you want a strong insurance company and mature experience in participating insurance operations, then I also have other good options