China Life Dividend risk rules: Do not return on time only to pay

The insurance market is so messy that even the employees of the insurance companies themselves are caught in the insurance puzzle. Recently, the Chinese Longevity (601628) before the staff leaves Ms. Zhu Lady to meet our correspondent, talk about the country Life two insurance unspoken rules.　　For example, life insurance is not timely return but urged to pay premiums, the cost of surrender is not to inform investors, dividends and even sales staff can not explain clearly.　　In addition to product issues, Ms. Ye and other people also said that the country Shou Tai-a banquet to promote insurance, the deduction of the wages of employees, these complex phenomena further lead to the insurance sales market in China Life of chaos.　　Although these situations are messy and finely fragmented, Ms. Yeh says, as a large listed company, Chou's actions hurt investors ' feelings. China Life first three quarters of the return of premiums up to 7.06 billion performance declines listed three major insurance companies of the first CIRC data show that from January 2011 to September, the national total premium income of 1,125,401,000,000 yuan, down 3.4%. Personal Insurance premium income of 777.898 billion yuan, down 7.05%, of which, health insurance premiums 53.333 billion, up 1.49%, personal accident insurance premiums 26.4 billion yuan, up 20.62%, life insurance premiums 698.165 billion yuan, down 8.44%.　　Life insurance premiums have declined for many consecutive months, and the proportion of personal insurance premiums has declined from 90.17% in August to 89.75% per cent.　　The growth rate of life insurance is slowing sharply, and the amount of surrender is increasing. According to the CIRC, the retirement rate for the life insurance industry in the first 9 months of this year was 3.14%, up 0.96% from the same period in 2010. Chen, vice chairman of China Insurance Regulatory Commission, recently wrote that the rate of return to increase, "although still in the normal range, but the amount of surrender is faster, especially in the bank channel sales, and savings and financial products direct comparison of the 3-year, 5-year products, more of the return." "With the three quarterly report from the insurance companies, the retreat has become a big concern for many enterprises." Chou, Tai Bao, Ping An 2011 years before the three-quarter refund of the premiums were 27.649 billion yuan, 7.06 billion yuan and 3.19 billion yuan, compared to 2010 respectively, the increase of 43.9%, 117% and 19.97%.　　The three insurance companies listed in the first three quarters of the total amount of surrender to 37.9 billion yuan. "Compared with the same period last year, the company's rate of return is significantly higher, the first 3 quarterly retreat rate of 2.19%, higher than the same period last year 0.37%, the increase in the insurance deposit is obvious, mainly because the universal insurance settlement rate did not meet the expectations of consumers, resulting in increased returns."　　Xiang-Wealth Securities said in a report.　　In terms of cost, the ratio of retirement expenses to premium income rose from 7.5% to 10.5% in the same period a year earlier. In fact, Chou's business growth continues to slow. 2011 years ago, China Life to achieve business income of 314.826 billion yuan, an increase of 3%, compared with the first half of the revenue growth 7%, showing a sustained slowdown in the trend, mainly due to the continued decline in premium growth, the first threeThe cumulative premium income of the Chinese Quarter is 2.1%, the cumulative premium rate is 6.5% in the first half, and the third quarter's premium is down 6.3%.　　The result is that the insurance company's product defect, the service is missing, the management confusion and so on.　　Increase life insurance: The Life and death of a bundle of four mother and child a Passbook "was advised" to change three if not the insurance company repeatedly urged the payment, Ms. Zhu will not find, originally agreed to return to the present, and did not hit the daughter's account on schedule. In 1998, Ms. Zhu bought the national life "for tomorrow" to increase the amount of insurance, belonging to the big daughter's Passbook, which includes Ms. Zhu's endowment insurance 1590 Yuan, 2 daughters of the life insurance is 590 yuan, 600 yuan, the youngest son's contribution is 590 yuan.　　The payment is 3370 yuan a year. According to the sales agent Ms. Yeh's introduction, Ms. Zhu's own pension payment time up to 2008, and three children's payment time up to 2011.　　According to the design of the product, 1000 yuan will be returned every three years. 2008, Ms. Zhu's own pension payment, "the insurance staff called to tell me, let me help the elder daughter open an account, I and the youngest daughter, the son's premium with a passbook pay, the elder daughter of a passbook payment." Ms. Zhu said that the national longevity staff told her, because the older daughter reached 18 years of age, to open a new account.　　At the same time, due to Ms. Zhu's own endowment insurance payment ended, her passbook lost, all the premium relationship transferred to the big daughter Passbook office.　　Soon after, Chou to deduct the insurance premiums for unsuccessful, asked Ms. Zhu to separate two children's account. Since then, a passbook by Guo Shou "well-meaning persuasion" to change into three passbook.　　This three passbook how to pay the premium is a Shing. Investment Express reporter from Ms. Zhu's Passbook list to see that this January 6, the big daughter account was deducted 3844.89 yuan. The youngest son was deducted 1916.04 yuan on February 18.　　This is a disputed sum of money.　　Ms. Zhu said that she found Chou staff, the other side to her calculate a account, "600x3+128.6=1938.6;590x3+136.29=1906.9, a total of 3844.89 yuan." Guo Shou, who handled the complaint, said that 128.6 and 136.29 were deferred interest charges, but never explained why so much.　　If the interest is based on this, Ms. Chu's youngest son account should be deducted from the cost of 1906.9 yuan, not 1916.04 yuan. As a former handling person, Ms Ye is also puzzled, "this interest is deducted for three years, 2008, 2009, 2010 years." However, Ms. Zhu has already saved money in, but the national life is not successful deduction.　　Ms. Zhu also confirmed that Chou often call her, asking her to pay the premium, and the youngest son premium withholding money is unsuccessful, the other side instead let her to open a new account. Three-year return to ready-made Shing country life to let customers goBank check Ms. Zhu told reporters, Chou very actively recover premiums, but delay the release of time, and some back now passbook chronological single but no trace can find. "Under the insurance contract, the contract entered into force on October 1, 1998, returned three years later, 2001 did return 1000 yuan in cash, 2004 years is not clear, and 2007 of the water bill can not show any of the 1000 yuan." In January 2011, after we negotiated with the insurance company, the insurance company returned the money to Ms. Zhu.　　Ms. Ye said that the passbook of the youngest son, which was produced by Ms Chu, showed that the 1000 yuan was returned to the bank on March 8, 2011. As for the 2007 payment, Chou will print out the "Check Bank payment records" to Ms. Zhu and claim to have transferred the money to Ms. Zhu's Passbook on October 8, 2007.　　Ms. Zhu said that the situation could not be ascertained.　　As a matter of fact, since the return of October 2007, such as the time of return by Country life, the next should be around October 2010, why is it returned in March 2011? "Guo Shou let me go to the bank to check, the bank let me find the insurance company." "Ms. Zhu said, since the country Life is responsible for return, if the problem, should be Chou to the bank to intervene."　　However, the situation is still in a state of stalemate. And regarding Ms. Zhu's lost Passbook, does the bank transfer to Ms. Zhu's account? Because the passbook is too much, Ms. Zhu said she could not confirm it.