In June , the Ministry of Human Resources and Social Security and the Ministry of Finance issued the ” Notice on Adjusting the Basic Pension for Retired Personnel in 2024″, officially announcing that from January 1 , 2024 , the basic pension for retired personnel before the end of 2023 will be increased by 3 % . This means that since the official adjustment of China’s pension system began in 2005 , it has achieved ” 20 consecutive increases” this year.
Although pension insurance is increasing every year, people are also concerned that the increase in pension insurance is getting lower and lower, young people are paying more and more insurance, and the pension fund reserves are not optimistic. People have gradually realized that when the post -80s and post -90s generations get old, it is becoming increasingly unrealistic to rely solely on social security for retirement , and they must make preparations early to prepare for quality retirement in the future.
But in fact, let alone pursuing a standard of living in old age, under the high-intensity work and life rhythm, people are more worried about their own health. They don’t know whether they can still enjoy life in old age. They are even more afraid that if they become disabled due to illness, it will cause trouble to themselves and their families. Therefore, nursing insurance came into being. Today we are going to introduce a nursing insurance that has been very popular recently – Kunlun Health Suixiang Jinsheng Lifetime Nursing Insurance. Let’s talk about it. Is Kunlun Health Suixiang Jinsheng Lifetime Nursing Insurance good? What are the policy benefits?
SEO insurance consultant (annuity, increasing life insurance) 2
1. Is Kunlun Health’s Lifetime Care Insurance good?
The coverage of Kunlun Health Lifelong Nursing Insurance is as shown in the figure:
Kunlun Health Lifelong Nursing Insurance
Kunlun Health’s Lifetime Nursing Insurance is available for insured people aged 0-70 years old, with lifetime coverage. During the payment period, you can choose to pay in lump sum, 3/5/10 years, with a cooling-off period of 15 days and no waiting period. The minimum investment amount is RMB 10,000 , and the increase ratio of the insured amount is 3% .
Kunlun Health’s Lifetime Nursing Insurance mainly provides long-term nursing insurance benefits, that is, if the insured loses the ability to live daily and the loss lasts until the end of the observation period (if the insured is under 6 years old at the end of the observation period, the loss will last until the insured reaches 6 years old), the nursing insurance benefits will be paid according to the insurance contract. The payment rules are as follows:
① Before the age of 18 : the greater of the premium paid and the cash value;
② After the age of 18 and before the payment period expires: the greater of the premium paid × the benefit coefficient and the cash value;
③ After the age of 18 and after the payment period expires: the greater of the paid premium × the benefit coefficient, the cash value and the effective insured amount
If the insured dies due to illness, the illness death benefit will be paid (the payment amount is the same as the long-term care insurance benefit).
Overall, Kunlun Health’s Lifetime Nursing Insurance has very comprehensive coverage, can provide reliable protection after the insured becomes disabled, and fully plays the role of nursing insurance.
SEO insurance consultant (annuity, increasing life insurance) 2
2. What are the policy benefits of Kunlun Health’s Lifetime Nursing Insurance?
The essence of lifelong care insurance is actually increasing life insurance , and Kunlun Health Suixiang Jinsheng is no exception. When looking at this type of product, we should focus on the policy benefits. Let’s take a 30 -year-old male who pays 100,000 yuan per year for 5 years as an example to see the policy benefits of Kunlun Health Suixiang Jinsheng Lifelong Care Insurance:
Kunlun Health Lifelong Nursing Insurance Policy Benefits
From the figure, we can easily see that after the 5 -year payment period, in the 6th year of the policy, the cash value reached more than 530,000 yuan, exceeding the paid premium of 500,000 yuan. The ratio of cash value to paid premium is about 107% .
After that, the cash value grew rapidly. In the 20th year of the policy, when the insured was 50 years old, the cash value reached more than 810,000 yuan, which was 1.6 times the premium paid . The longer the policy is held, the more significant the policy benefits will be.
If you unfortunately become disabled or die / become totally disabled during this period, you can still receive a considerable amount of insurance money. If everything goes as usual and the insured cancels the policy at the age of 60 , the cash value of Kunlun Health Years of Enjoyment Golden Life will reach more than 1.09 million, which is 2.18 times the premium paid , and can serve as a powerful supplement to pension.
It is worth mentioning that Kunlun Health’s Suixiang Jinsheng product has few restrictions on reducing the insurance premium. Unlike most longevity products, which require the insurance premium to be reduced after the contract has been in effect for 5 years, the insurance premium reduction rules for Suixiang Jinsheng are written into the contract. The insurance premium can be reduced after the cooling-off period, and as long as the amount is not exceeded, the insurance premium can be reduced unlimited times. There is no restriction that the contract must be in effect for 5 years. The insurance premium can be reduced by no more than 20% of the basic insurance amount each year , which is very relaxed. Part of the cash value can be withdrawn, and the rest will continue to appreciate in the account.
From the above, we can see that Kunlun Health’s Golden Lifetime Care Insurance is a product with very thoughtful protection and excellent policy benefits. It covers a wide age range and is worth choosing not only for yourself but also for your parents.
Conclusion
After so much introduction, I believe everyone has a relatively detailed understanding of Kunlun Health’s Golden Lifetime Care Insurance. Here we would also like to remind everyone that if you have any other questions about the product’s coverage, policy benefit demonstration, etc. during the insurance process, you can consult Kaixinbao’s online consultant at any time to get 1- on -1 exclusive service.
