Taikang Chongqing Branch fined for exaggerating policy benefits

The CIRC Chongqing Regulatory Bureau has recently Taikang (micro-bo) Chongqing Branch of the punishment, the company has sales misleading, exaggerated policy proceeds behavior. Verified by the regulatory body, December 2011, the applicant Xu MoU commissioned his niece Stone to Taikang life Chongqing branch Staff Deng MoU, to understand the situation of insurance products purchased, Deng said the insurance products as "insurance bonds", does not really declare "annual income is more than 10%", exaggerated policy benefits.　　It is understood that the above sales misleading behavior has telephone recordings, the relevant personnel investigation record and other evidence to confirm. Chongqing Insurance Regulatory Bureau said that the above-mentioned acts violate the relevant provisions of the insurance law. The decision to impose a fine of $100,000 on the company is provided in accordance with section 162th of the Insurance law.