Xinhua News Agency, Beijing, September 15 (Reporter Wang Xiaojie) The Beijing Banking and Insurance Regulatory Bureau issued a consumer reminder on the 14th to remind consumers to pay attention to many problems that may arise in the process of purchasing endowment insurance, and beware of "old age" becoming "old-fed".
The Beijing Banking and Insurance Regulatory Bureau cited cases to illustrate the potential risks of purchasing pension insurance.
Consumer Sha Mou bought a commercial pension insurance many years ago, which claims to allow consumers to live in a high-end pension community established by the insurance company in a certain place.
Recently, when Sha was about to reach the agreed age for check-in, when he called the insurance company to inquire about related matters, he found that the originally planned retirement community project had been stranded and could not move in, so he complained to the insurance company.
The insurance company learned through inspection that this pension insurance requires the insured to pay the sum of 2 million before they can move in.
Sha Mou failed to meet the conditions, even if the nursing home was completed, Sha Mou could not move in.
The Beijing Banking and Insurance Regulatory Bureau reminded that consumer Sha was one-sidedly concerned about the benefits of staying in high-end retirement communities, but did not pay attention to the contract terms of his insurance products, resulting in the loss of the original pension.
In order to avoid similar situations, consumers should take three steps in the process of purchasing endowment insurance.
One is "clear demand."
Everyone’s needs for the elderly are different. Consumers are advised to calculate their financial needs on the one hand, and on the other hand to clarify the methods of elderly care, carefully consider many options such as home care, community care, and pay attention to relevant price factors.
The second is to "choose products."
In the process of consumer selection, the first step is to determine whether the type of endowment insurance product favors protection or wealth management; secondly, it is necessary to determine whether the pension receiving method is one-time payment or instalment; again, it is necessary to determine the pension receiving period, which is Life-long receipt or guaranteed receipt; in addition, if you promise to live in a retirement community, you must determine the construction of a specific retirement community and subsequent payment.
According to the above four aspects, consumers can select suitable insurance products based on their pension needs and economic conditions.
The third is "look at the terms."
The sales staff's explanations and promotional materials may only reflect the features and advantages of the product.
Consumers should understand the insurance liability, exemption clauses, payment period, etc. in the process of reading old-age insurance related materials; if they purchase insurance products that promise to live in the pension community, they should also pay attention to whether the insurance contract is clearly stipulated and whether it contains An official written document for living in the retirement community.