The Postal Savings Bank is one of the few state-owned banks in China, covering almost all provinces and cities in the country.
However, when you go to Japan Post Bank to deposit money, you are often marketed with insurance business.
Why is that?Are these insurances they sell safe and secure?Are the benefits really the same as they say?
China's domestic banks rely on loans or government bond purchases to make profits, and this marketing model is too one-dimensional in the era of service diversification and industrial integration.
Foreign banks are somewhat different from ours, and banks in some countries can use depositors' deposits to buy and sell ** and bonds, so that they can get additional income.
Service diversification is an important model today, which is to expand the company's business scope and increase the company's revenue.
The barbershop, for example, turned out to be a small and inconspicuous business. Who would have thought that today's wide variety of service industries will occupy a pivotal position. The reason for this is the expansion of the scope of business and the increase in the spiritual needs of the people.
In the beginning, a haircut was a simple matter of washing, cutting, and blowing. Now there are too many haircutting businesses, such as hair dyeing, perms, nail art, eyebrow embroidery, hair extensions, straightening, bleaching, and some that can't be named. I even heard that some barbershops have entered the body care industry, adding new fields such as ** care, whitening, hair loss prevention, and hair transplantation.
Industrial integration is another important model of today's social development. In the past, it was each performing its own duties, but now it is a one-stop chain that is related.
For example, in the past, selling cars and repairing cars belonged to different groups of people, but now some have been combined into one. With their own unique purchase channels, car dealers can purchase exactly the same parts as the original car, and they can work part-time for more business. In this way, customers don't have to run around, and all problems can be solved in one company. Car dealerships can also have an extra income, so to speak, the best of both worlds.
All walks of life in society are undergoing changes from the stars, and banks are naturally reluctant to continue standing still. Of course, they also want to expand their business and make more profits. It's no surprise, then, that banks sell insurance.
In fact, some people think that there are many industries related to banks, but some related industries have not yet been explored.
Why?Because all companies, enterprises have accounts with banks.
Is the insurance marketed by the bank reliable?Actually, this question is not easy to answer. Because the essential purpose of the bank's insurance business is to serve the bank's own interests.
Since it is insurance, it must be paid, after all, "there is no free lunch in the world".
This part of the fee may be deducted from the principal, or it may be deducted from the annual interest money, and it will be contracted for several years at a time. So much so that some people come to withdraw money and find that the benefits are far less than budgeted.
Of course, there is also a part of the insurance business that does bring in more income. There are many types of insurance that are generally marketed, and the following is a brief introduction to a few types.
For example, the type of investment dividend. This kind of insurance is equivalent to taking a stake in an insurance company, and if the insurance company makes money, you can get dividends. If you lose, you will lose money. There is a great deal of uncertainty with this insurance.
Both incremental whole life insurance and annuity insurance can obtain higher returns, but the disadvantage is that it is less flexible.
The interest rate of annuity insurance can reach up to 4% per annum, and the insurance company will pay the insured according to the final annual income.
The depositor's money will be used by the insurance company as working capital and cannot be withdrawn in advance. Annuity insurance is generally an insurance company with a relatively stable income, and there will be no loss of capital.
The growth of incremental whole life insurance is stable, and the annual interest rate is increasing every year. This kind of insurance is more flexible than annuity insurance, you can get the money at any time, of course, there will be some losses if you take it in advance. The disadvantage of this type of insurance is that the guarantee fee is relatively expensive, and the minimum premium is more than 1,000.
For example, if you pay 30,000 yuan of increased whole life insurance every year, it will be a total of 300,000 premiums for 10 years, and you can get an income of 47,000 yuan at this time. If you take it after 20 years, you can get 1830,000 earnings. It is constantly increasing in value, and it will get higher and higher in the future.
Insurance is only payable if something goes wrong with the person, unlike bank withdrawals. Insurance reduction and policy loans are the two main means of obtaining money in advance.
Banks need to sign contracts to handle business, and postal banks have professional knowledge terms in finance, and sometimes they may accidentally fall into other people's word traps. For example, the grasp of some preconditions or probabilistic words requires careful consideration by investors. If you don't know anything about this, don't be fooled by high income.