Original title: China Banking and Insurance Regulatory Commission issued a reminder to prevent insurance induced sales, be wary of Internet insurance advertisements such as “first month 0 yuan”
Yesterday, the official website of the China Banking Regulatory Commission issued a risk reminder on preventing insurance induced sales, reminding consumers to clearly realize that “free” is an inducement, which is very likely to hide traps and risks.
The relevant person in charge of the Consumer Insurance Bureau of the China Banking and Insurance Regulatory Commission said that from the perspective of the insurance product itself, some publicity such as “zero yuan in the first month” and “free protection” did not fully demonstrate the overall situation of premium payment. Really enjoy premium discounts.
From the perspective of regulatory requirements, the terms and rates of insurance types should be reported to the regulatory agency for record or approval. For the “first month 0 yuan” type of sales promotion, there is a problem that the approved or filed insurance clauses and insurance premium rates are not used in accordance with the regulations.
From the perspective of marketing methods, marketing unilaterally emphasizes “0 yuan in the first month”, but fails to fully inform the overall situation of premium payment, insurance liability and other important content, which easily makes consumers ignore important product information. In addition, some advertising interface settings are not standardized, deliberately inducing consumers to check options such as “purchase”, “receive”, and “automatic renewal”, which infringes consumers’ right to know and their right to choose.
The Consumer Insurance Bureau of the China Banking and Insurance Regulatory Commission reminded consumers that purchasing insurance should sign corresponding insurance contracts with insurance companies based on their own risk protection needs and consumption capacity. According to the contract, the insured pays the premium, and the insurance company assumes the obligation of economic compensation or payment in the event of an accident agreed in the contract. Don’t be induced by “free” to prevent infringement of your rights.Photo courtesy/Visual China
remind
What to pay attention to when buying insurance products
In order to protect the legitimate rights and interests of consumers and prevent risks such as induced sales, the Consumer Rights Protection Bureau of the China Banking and Insurance Regulatory Commission reminds consumers to pay attention to the following matters when purchasing insurance products, so that they can buy insurance clearly and enjoy protection clearly.
First of all, because you need to buy insurance products, don’t be fooled by “free”. When browsing the insurance marketing promotion page, pay attention to understanding the main body of the marketing advertisement, the insurance product underwriting organization, and the important information such as the type of insurance product, the protection content and the charging method, and the purchase according to your own risk protection needs and consumption capacity. “Marketing induces the purchase of unneeded products. If you do not understand the content of the promotion interface, it is best not to fill in personal information at will or agree to authorize operations to prevent the risk of personal information leakage.
Second, know the content of the insurance contract, understand the terms and conditions, and then sign the contract. If consumers do have insurance needs, they should read the insurance contract carefully. For sales pages that fail to clearly display important content such as insurance contract terms, they should not click to confirm at will. Focus on understanding insurance liability, exclusions, insurance period, insurance amount, premium payment, risk warning, customer notification, insurance instructions, renewal conditions, insurance compensation or payment, hesitation period and surrender losses and other important matters that affect insurance decision-making. Don’t blindly follow the trend and impulse consumption, especially when you sign online for insurance.
Third, fulfill the obligation of truthful notification. When concluding an insurance contract, if the insurer asks about the subject matter of insurance or the relevant information of the insured, the applicant shall truthfully inform it. If the insurant deliberately or due to gross negligence fails to perform the obligation of truthful notification, which is sufficient to influence the insurer’s decision whether to agree to underwrite or increase the insurance premium rate, the insurer has the right to terminate the contract. Consumers should objectively and truthfully report relevant information to avoid affecting the effectiveness of insurance contracts due to failure to truthfully inform them. Consumers conceal their true conditions to purchase insurance. If an insurance accident occurs, they may not receive insurance compensation, which is prone to claim disputes.This article/Reporter Lin Lishuang
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Pilot financial management products for the elderly will be launched at the end of the month in the “four places and four institutions” at the earliest
On October 21, Wang Chaodi, Chief Inspector of the China Banking and Insurance Regulatory Commission, Director of the General Office, and spokesperson, introduced the relevant situation of pension financial products at the press conference of the State Council Information Office. According to him, the relevant products of the pension financial management pilot have entered the filing stage, and they may meet with consumers in the “four places and four institutions” at the end of this month or next month.
Wang Chaodi said that since the beginning of this year, the China Banking and Insurance Regulatory Commission has taken the development of a series of pension financial products as an important part of our country to improve the multi-level and multi-pillar pension insurance system.
The China Banking and Insurance Regulatory Commission has actively carried out pilot projects for financial management for the elderly. In accordance with the work idea of “jogging in small steps, gradual progress in general”, based on comprehensive consideration of factors such as city scale, economic and social development level, and residents’ pension needs, taking into account the needs of the eastern, central and western regions, Wuhan, Chengdu, and Chengdu were selected. The four cities of Shenzhen and Qingdao are pilot cities for financial management for the elderly; at the same time, the wealth management companies of two large state-owned banks ICBC Wealth Management and CCB Wealth Management, and the wealth management companies of two joint-stock banks of China Merchants Bank Wealth Management and Everbright Wealth Management have been selected, a total of four Wealth management companies participated in this pilot project of pension wealth management products.
In terms of the scale of the pilot, based on the existing risk management and control capabilities and comprehensive considerations, it is determined that the fundraising scale of a single pilot project shall not exceed 10 billion yuan in principle, and the purchase amount of a single investor shall not exceed 3 million yuan in principle.
The illegal inflow of business loans into real estate has been effectively curbed
On October 21, Liu Zhongrui, head of the Statistical Information and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, stated at the third quarter banking insurance industry data information and supervision key work press conference held by the State Council Information Office that the problem of illegal inflow of business loans into the real estate sector has been resolved. Effective containment. The China Banking and Insurance Regulatory Commission has carried out nationwide special inspections on real estate for four consecutive years, penalizing violations found in accordance with the law.
Liu Zhongrui said that in recent years, the China Banking and Insurance Regulatory Commission has firmly adhered to the positioning of “houses are used for living, not for speculation”, closely focusing on the goal of “stabilizing land prices, stabilizing housing prices, and stabilizing expectations”, and resolutely implements the requirements of a long-term real estate mechanism. , To promote the stable and healthy development of the real estate market, and do a variety of work.
Liu Zhongrui said that in the next step, the China Banking and Insurance Regulatory Commission will continue to implement the long-term real estate mechanism, guide bancassurance institutions to accurately grasp and implement the real estate financial prudential management system, maintain the continuity and stability of real estate financial regulatory policies, and promote the stable and healthy development of the real estate market . In accordance with the principles of marketization and rule of law, we will cooperate with relevant departments and local governments to jointly maintain the stable and healthy development of the real estate market and safeguard the legitimate rights and interests of housing consumers.
This group of articles / our reporter Cheng Jie, this group’s coordinator / Yu Meiying
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