At present, the increase in life on the market is still based on the traditional type, and the dividend type is relatively small, but the number is small not because there is no market, but because the development of dividend insurance pairsThe strength of the insurance company is very demanding
Through previous evaluations, we know that even participating insurance with average returns can break through the upper limit of the pricing interest rate of traditional extended life.
It can be said that with the blessing of dividends, the dividend-paying increased life is currently the savings insurance with the highest return.
Based on the company's operating level, historical dividend fulfillment ratio, investment ability and other dimensions, we have selected the following three high-quality dividend insurances:
The life of Zhongyi Life Insurance, the Hongli Xinxiang of Lujiazui Cathay Pacific, and the inheritance of Hengan standards
Today, I will focus on comparing these three.
One
The level of income is the core indicator for judging the merits of traditional increased life, and the same is true for dividend types.
The three dimensions related to the dividend increase life income are:Dividend form, guaranteed interest, dividend benefit
1. Dividends
According to official documents, there are two ways to distribute dividendsCash Bonus and Sum Assured Bonus
Cash dividends are simply cash payments, which can be used to pay premiums or accumulate interest without receiving them.
Incremental dividends are distributed by increasing the sum insured, and can be paid in cash upon termination of the contractEventual bonus, also known as maturity dividend, is only paid in a lump sum upon surrender or death, note that terminal dividend is not available for all products.
So which dividend distribution method to choose has a higher return, generally speaking, it is an increase dividend.
Since cash dividends are more flexible (they have to be paid every year), insurance companies are more inclined to make low-risk investments, and the dividends will naturally be lower.
However, the flexibility of the sum assured dividend is weak, and the insurance company can invest in the equity market with more confidence, and the dividend will be higher.
We're evaluating it todayAll three of these products are participating insurance with sum assured dividends, among them, Hengan Standard Life's inheritance Zhenyao brought a final dividend.
It seems that it is impossible to preliminarily judge the income through the dividend distribution method, so let's enter the conventional income calculation link.
2. Guaranteed interests
Between the participating life increase and the traditional life increase, the former must be chosen because the uncertain part of the dividend can make the policy as a whole obtain a far higher income than the latter.
The dividend part cannot be determined, but the guaranteed part is consistent with the traditional increase in life, and the cash value is included in the contract in black and white.
The predetermined interest rate for the guaranteed portion is currently capped at 25% (30%), if the guaranteed part of the income is excellent, it is like the building has laid a solid foundation, giving the conditions for the follow-up "bricks and tiles" of dividends.
Let's take a 10-year-old boy with a total payment of 300,000 yuan as an example, and calculate it in 1 3 5 10 years.
Swipe left and right to see moreThe cash value of your lifetime is the highest of the three for each payment period, the long-term surrender rate can reach 2More than 3%, very close to 2The 5% participating insurance pricing rate is capped.
And Hongli Xinxiang and the inheritance of Zhenyao, the brothers are half a catty, and the guaranteed income is not good, and the gap between them and their favorite in their lives is quite large. And from the perspective of the closed period, the life is also the shortest, just look at the bottom part, the other two are obviously not one and the same.
Of course, the charm of participating insurance lies in the dividends, and the participating insurance with dividends is complete.
3. DividendsWe still take a 10-year-old boy with a total payment of 300,000 yuan as an example, and look at the payment period in parts. 
Swipe left and right to see moreLooking at the various payment periods, plus dividends, it is still the highest return in life. In addition to a little variable in the whole exchange, Hongli Xinxiang has sprung up after 40 years and successfully achieved overtaking.
In addition, single payment is also the strongest payment period of Hongli Xinxiang, with an IRR of up to 3 for 50 years64%, but in addition to the single payment, the rest of the payment period is the weakest of the three. We take 3 years as an example and exceed it through IRR. 5% two time nodes to see how big the profit advantage is in your life. Lifetime favorite: Just hold it for 11 years, and the IRR can exceed 30%, the policy is more than 3 for 24 years5%；
Hongli Xinxiang: Held for more than 20 years0% and 49 years to hold for more than 35%；Inheritance: Held for 21 years for more than 30%, held for 43 years over 35%。
So the conclusion is obvious, the life is still the current income of the top 1 dividend insurance. However, it should also be clear that even the other two models with weaker returns are not comparable to any traditional increase in life when the dividend fulfillment ratio is 100%. IISo is the credibility of the 100% realization of the insurance company's demo dividend, let's combine a few data to see. 1. Dividend fulfillment ratioThe three models have not been launched for a long time, and at present, only the Legacy Zhenyao has disclosed the dividend fulfillment ratio, with an annual dividend of 117% and a final dividend of 283%, which is quite good.
We can also get a glimpse of the overall operation of participating insurance from the fulfillment ratios of the three insurance companies over the years
Hengan Standard Life is a rare insurance company that focuses on incremental dividend products, and its results are very good. In the past year, none of the 58 participating insurances was less than 100%, and the highest achieved 556%!
Lujiazui Cathay Life Insurance, only a few of the dozens of products have not reached 100%, but the overall is also above the standard.
The performance of Zhongyi Life Insurance is also outstanding, with all 51 participating insurances reaching 100%+, and the highest one scoring 247%, and the data in the past few years have been very good.
2. Other assessment indicatorsOf course, the above is only a reference to the historical dividend fulfillment ratios of each insurance company, and it is reasonable to infer that 100% of the dividends can be realized in the future. However, after all, increasing life is a long-term capital planning tool, and the dividend fulfillment ratio is also an indicator to be looked at every year. Achieving this goal depends on two elements:The level of operation and investment capacity of the insurance companyThese two points are the most favorable starting point for judging the long-term stable fulfillment ratio of dividends in the future. 
The solvency of the three insurance companies is quite good, and the three indicators of Zhongyi Life Insurance are the highest, with a comprehensive solvency adequacy ratio of 22127% is significantly higher than the regulatory requirement of 120%. In addition, the latest comprehensive risk rating AAA is also the highest standard in the life insurance industry, and there are only 6 life insurance companies with the same rating, and the company's operating conditions are quite good. 
In terms of investment capacity, in the first half of 2023, among the non-listed life insurance companies, Zhongyi Life Insurance ranked 5th, Lujiazui Cathay Life Insurance ranked 1st, and Hengan Standard ranked 28th, of which Lujiazui Cathay Life Insurance can also rank 2nd in the comprehensive ranking from 2018 to 2022, and its investment ability is very strong. IIIIn the end, the crown of the current dividend insurance market income still falls on the head of the life. Not only is the income high, but also from the perspective of the strength of the insurance company, the state-owned shareholder of Sino-Italian Life is PetroChina, and the foreign shareholder is Generali Insurance Group, both of which are among the top 100 companies in the world and are impeccable. It is true that the benefits of the policy and the strength of the insurance company are quite important, but the policy function should also be taken into account, and the combination of strong competitive returns + rich and suitable policy functions can hand over the "most satisfactory answer". Fortunately, in my life, I want to intergenerational insurance + second policyholder + insurance trust + universal account + pension community, which is also beyond reproach. To sum up, Lifetime Favorite is definitely the most worthwhile one of the existing participating insurances.