China Life Insurance Company launches China Life Xinyao Hongtu Annuity Insurance

With the rapid development of social economy, the public has a higher demand for medium and long-term financial planning for individuals and families. Annuity insurance, as a relatively low-risk asset allocation method, has received widespread attention.

As a state-controlled financial and insurance company, China Life Insurance Co., Ltd. (hereinafter referred to as “China Life Insurance Company”) has always adhered to the concept of “customer-centered” and continued to focus on the customer service brand building goals of “simplicity, quality and warmth”. Optimize product design, enrich product supply, and provide customers with more diversified and considerate protection. In order to meet the public’s actual needs for scientifically and rationally formulating mid- and long-term family insurance protection plans, China Life Insurance Company recently launched China Life Xinyao Hongtu Annuity Insurance. This insurance product has the following four major features:

　　Special care and exclusive care.From the first annual effective date after five policy years have passed since the contract came into effect to before the first annual effective date after ten policy years have passed since the contract came into effect, if the insured survives until the annual effective date of the contract, The special survival benefit will be paid every year according to the following agreement: if the payment method is one-time payment, 10% of the annual insurance premium determined by the basic insurance amount in the contract will be paid; if the payment period is three years, the special survival benefit will be paid based on the basic insurance amount in the contract A special survival benefit of 30% of the determined annual insurance premium will be paid; if the payment period is five years, a special survival benefit of 60% of the annual insurance premium determined according to the basic insurance amount in the contract will be paid; if the payment period is eight years, a special survival benefit of A special survival benefit will be paid based on 85% of the annual insurance premium determined by the basic insurance amount in the contract; if the payment period is ten years, a special survival benefit will be paid based on 100% of the annual insurance premium determined by the basic insurance amount in the contract.

　　Annuity payment, peace of mind.From the first annual effective date after the contract has been effective for ten policy years until the expiration of the insurance period of the contract, if the insured survives to the annual effective date of the contract, the insurance policy will expire ten policy years after the contract has been effective. The annuity will be paid based on 100% of the basic insurance amount of the contract on the first annual effective date. On the annual effective date of each subsequent policy year, the annuity paid will be based on the annuity payment amount of the previous policy year and based on the basic insurance amount of the contract. 25% increase.

　　Collect it upon expiration and plan as you wish.If the insured survives until the effective date of the year when the insurance period of the contract expires, and the contract is terminated, the maturity insurance premium will be paid at 10 times the basic insurance amount of the contract, helping customers enjoy a happy life.

　　Death protection, care continues.If the insured dies during the insurance period and the contract is terminated, the insurance premium paid under the contract at the time of the death of the insured (excluding interest) minus the special survival benefit and annuity paid under the contract will beAfter that, withThe death benefit will be paid to the greater of the cash value of the contract at the time of the insured’s death.

After twenty years of stability, a new era has begun. Over the years, China Life Insurance Company has adhered to its original mission of “Insurance is the surname of Bao” and “Insurance is for the people”, and has actively implemented the core corporate culture concept of “Being successful for oneself, serving others, and being successful for oneself”. On the occasion of the 20th anniversary of its listing, the company launched China Life Xinyao Hongtu Annuity Insurance. The product design highlights the protection function and helps consumers use insurance tools to plan and enjoy a happy life.

In the future, China Life Insurance Company will continue to cultivate the fertile ground of life insurance, provide the public with more considerate and high-quality insurance protection services, and make every effort to protect the people’s happy and beautiful life.

China Life Insurance Company’s comprehensive solvency adequacy ratio in the second quarter of 2023 was 204.23%, and its core solvency adequacy ratio was 140.43%, which has met regulatory requirements. The company’s latest comprehensive risk rating, that is, the comprehensive risk rating for the second quarter of 2023 is AA. Relevant data are based on the company’s publicly disclosed information. The content of this article is for reference only. For details, please refer to the “China Life Xinyao Hongtu Annuity Insurance Benefit Terms” and the “China Life Insurance Co., Ltd. Personal Insurance Basic Terms”.

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