China Merchants Bank Mortgage tying investment credit insurance

Every reporter Huang Junling from Beijing "to the bank to do a mortgage, but also to buy insurance, in this insurance contract, the bank is the first beneficiary, out of the accident bank first take the insurance, the rest to my family."　　is a bank to do a mortgage, Xiao Liu said reluctantly. Last week, the daily economic news reporter, in a survey of China Merchants Bank (600036,SH) in Beijing, found that customer office loans are required to purchase investment letter Connaught Life Insurance Company (hereinafter referred to as investment credit Connaught) insurance products, including a product called Investment Letter Connaught Life Loan Accident Injury insurance scheme (　　Hereinafter referred to as the letter of Life). China Merchants Bank: "The proposal" to buy a mortgage insurance May 24, the reporter to do 1 million home loans for consultation by the East Third Ring of Beijing Chaoyang District staff. A staff member surnamed Liu said that the client who did the loan would generally recommend to buy an insurance policy, if the customer does not have insurance when applying for the application, he will call you to come and get an insurance when approving. When asked if you must buy, the person said, the bank will not force loans to customers to buy insurance, now tight money, the credit line is tight, many people lined up to lend, buy this insurance (letter life), will give priority to loans, insured 1 million, a year's premium only 2500 yuan, the first beneficiary is CMB,　　In other words, if you have an accident, the insurance company will pay the money to the bank, the rest of the part to your family, the House will not be withdrawn.　　The reporter then investigated the Beijing Merchants Bank, a part of the network, the west straight door outside a network of a person surnamed money staff said that the mortgage proposal to buy insurance, so that the loan approval will be relatively fast; South Hunanlu a network of a branch surnamed Liu staff also said that the mortgage proposal to buy insurance. 25th, China Merchants Bank Beijing branch A credit center a person who did not want to be named said that the loan to buy a house, the proposal to buy the investment letter Connaught Life Accident Insurance. The person said that the purchase of the insurance is equivalent to a guarantee, if the customer died, there is unliquidated obligations, the Bank will dispose of assets. With this insurance, insurance money first repay the bank's debt, banks will not take back the house, bought the insurance for the loan approval benefit.　　When asked if only the Beijing region is doing so, the person said, it should be said that all over the Bank of China and the operation; When asked if the same is the purchase of accident insurance, can purchase other insurance products, the person said, not very good operation.　　Investment Letter Connaught Customer Service Department, a person surnamed Cheng said, the letter of life and other insurance is different, more special, need to be based on customers in the bank to determine the amount of loans, the specific situation needs of the sales staff to determine, general and loan binding.　　In this connection, bin, an insurance lawyer at Goldman Sachs law firm in Beijing, told the Daily economic news reporter that because the insurance company can use the channel advantage of the bank, it cannot let the market compete adequately and infringe the legitimate interests of consumers. Tying accident insurance is accused of not high price/performance according to the Daily Economic news reporter learned that the letter to the merchants of the life of the product coverage includes: Accidental death and accidental total residual two parts of responsibility, purchase insurance Amount 10, the insurance period of 1 years, in the case of no occupational category, the premium is 2500 yuan.　　Investment letter Connaught related people to the "Daily economic news" reporter said, the product from January 2010 onwards in Hangzhou Merchants Bank network began sales, last November began in the business of investment in other cities, such as Shanghai, Beijing, Shenzhen, Guangzhou, Nanjing, Chengdu, Jinan and Wuhan, China Merchants Branch network began to sell. A person who did not want to be named said bluntly that the letter of investment in the life of the merchants, if put to a risk channel estimated to sell, because of its low cost. Mr. Liu of an insurance company told reporters that its accident insurance products the scope of protection is accidental death, accidental disability (including total residual and the level of disability), while also safeguarding burns, according to the occupational classification of insurance, a class of occupational insurance premiums per million is 15 yuan, in other words, the purchase of $1 million insured, insurance period of one year,　　The premium is only 1500 yuan. For the above query, investment letter Connaught explained that the letter of life loan accident insurance, the individual cumulative risk insured more than 1.5 million before the need for financial underwriting. This is currently the market on the financial underwriting requirements of the most lenient insurance products, and the industry generally 500,000 ~100 million of the need for financial underwriting. It is more convenient for customers to buy this product. In addition, the rate of the product will not be different because of the insured's professional differences.　　For customers engaged in high-risk industries, investment trust will also be under the same rate underwriting. The daily economic news reporter inquired about the product of Mr. Liu's insurance company and found that the rate was: a class of occupation of 15 yuan per million, two types of occupations per million insured amount of 19 yuan, three types of occupation per million is 23 yuan, four categories are 34 yuan, five classes 53 yuan, six class 68 yuan, seven categories of occupations are refused to protect the category, that is to say, Two companies of the product comparison, three categories of the following people to buy, Mr. Liu's company's insurance rate is lower, more than three categories, investment credit Connaught product rates are lower. According to the occupational classification of the insurance industry, the risk of one to three categories of occupational groups is relatively low, the general public more attributable to these three categories, more than four categories of professional population risk relatively high, fewer people.