The pilot program is less than a year, and the exclusive commercial pension insurance is expanded to the whole country
How can new employment groups and flexible employment groups be guaranteed?
CNR Beijing, February 24 (Headquarters reporter Li Yang and Chen Peng) According to a report by the Voice of China, China Central Radio and Television, the China Banking and Insurance Regulatory Commission recently issued the "Notice on Expanding the Pilot Scope of Exclusive Commercial Endowment Insurance". Expand the pilot area of exclusive commercial endowment insurance to the whole country, and allow endowment insurance companies to participate in the pilot.
In May last year, the China Banking and Insurance Regulatory Commission issued a notice that from June 1, the pilot program of exclusive commercial endowment insurance will be launched in Zhejiang Province (including Ningbo City) and Chongqing City.
As of the end of January this year, in less than a year, the six pilot companies have underwritten nearly 50,000 insurance policies, with a cumulative premium of 400 million yuan.
How has the overall operation been since the pilot started?
What positive impacts will be produced when the pilot scope is expanded to the whole country?
According to the information previously disclosed by the Zhejiang Banking and Insurance Regulatory Bureau, the bureau has gradually broadened the sales channels of exclusive commercial endowment insurance, realizing the parallel of online and offline, individual insurance and bancassurance channels.
As of December 20, 2021, Zhejiang (excluding Ningbo) has underwritten more than 13,000 exclusive commercial endowment insurance, with a cumulative premium income of about 76 million yuan.
It is different from Zhejiang's economic structure. Chongqing is a typical big city with a larger rural structure. Jin Yanfang, director of the Personal Insurance Supervision Department of Chongqing Banking and Insurance Regulatory Bureau, introduced that the pilot of exclusive commercial pension insurance in Chongqing should serve Chongqing's dual economic structure. , pay more attention to flexible employment groups and new citizens.
"After 9 months of the pilot program, the current situation is more in line with expectations. Last year, the country's first exclusive commercial pension insurance landed in Chongqing. So far, 3,646 people have been insured, with a premium of 24.66 million yuan, which is flexible among the insured groups. The group of employed people accounts for nearly half.”
Jin Yanfang said that from the perspective of the pilot, exclusive commercial endowment insurance is very different from traditional endowment insurance and other endowment financial products.
"The pilot product of exclusive commercial endowment insurance has the characteristics of flexibility, safety, long-term, selectivity and benefit to the people. Its flexibility is reflected in its relatively low premium payment amount, and the minimum payment during the pilot period is 100 yuan. The premium status of most flexible employment groups, that is, the monthly payment of 100 yuan, is actually in line with the income characteristics and payment characteristics of this group. Safety is reflected in the fact that it adopts a guaranteed and floating account income model, and all accounts are There is a minimum guaranteed interest rate. The long-term nature is consistent with all pension financial products, in that it helps consumers make pension reserves for the future and guides policyholders to accumulate pensions for a long time. 60 years old can enter the collection period.”
Wang Yue, a 35-year-old from Hebei, has worked in Chongqing for more than 6 years and has worked as a restaurant waiter and shopping mall security guard.
After the car-hailing company advertised exclusive commercial pension insurance to them, he quickly chose to buy insurance, and flexibility was what he valued the most.
Wang Yue told reporters: "I think this insurance is okay, because our industry is relatively liquid, and it is very troublesome to buy insurance. This insurance is relatively low-threshold, so you should buy one for yourself. This insurance is relatively flexible. For people with unstable income like us, you can buy a little more when your income is high, and buy a little less when your income is low, and the pressure is not so great.”
The courier Hu Hong is a native of Chongqing and has bought commercial insurance, but the claim settlement process is not smooth, which makes him still take a wait-and-see attitude.
He told reporters: "I have some understanding of this insurance, but I don't plan to buy it for the time being, and I still have some concerns. Our courier's work is not stable, and we have purchased some commercial insurance before, such as accident insurance, hospitalization after illness. Insurance, but I did not seriously understand and interpret those terms when I purchased it. Once I had an accident while delivering the express, and when I paid, I felt that there were too many terms and restrictions, and I felt fooled.”
In this regard, Jin Yanfang said that exclusive commercial pension insurance must achieve standardized development and transparent information disclosure.
"We have established a filing and review mechanism for publicity materials, increased risk warnings, and supervised companies to strengthen services. We also suggested that localities can increase the supervision of information disclosure of institutions during the entire work process, and remind policyholders to surrender their policies. Risks, account returns are uncertain, so that people can truly understand the characteristics of the product, not only understand its advantages, but also understand that it has some restrictive conditions, clearly consume, and clearly insure. "
PICC Life is one of the six insurance companies in the third pillar dedicated commercial endowment insurance pilot program. The pilot program was officially launched on July 12 last year. As of February 22 this year, PICC Life's dedicated commercial endowment insurance has achieved premiums of 91.3444 million nationwide. Yuan, 22851 pieces of insurance policy.
Duan Yue, Director of the Group Insurance Division of the Chongqing Branch of China People's Life Insurance Co., Ltd., said that the company has specially established financial, product, and business management measures for exclusive commercial endowment insurance products, a settlement rate management mechanism, risk management and control systems, and information disclosure. management mechanism.
Because exclusive commercial endowment insurance is very different from ordinary endowment insurance products.
Duan Yue said: "The payment method is flexible, and consumers can also purchase offline through online methods. In terms of product payment methods, consumers only need to pay a certain amount of premium in the early stage, and then they can choose to add insurance premiums on a regular or irregular basis according to their needs. At the same time, the responsibility of exclusive commercial pension insurance products is focused, and account-based management is implemented. Consumers can choose and switch between two investment portfolios of different styles according to their life needs and risk preferences at different ages, and the insurance process is very convenient."
At present, the insurance industry is promoting the reform of product supply side.
Insurance protection for employees in new industries, new formats and flexible employment will be an important area for the insurance industry to further enrich the supply of insurance products.
According to Wang Xujin, director of the Insurance Research Center of Beijing Technology and Business University, insurance companies have initially formed a business model that conforms to their own characteristics. The scope of the pilot is necessary.