The relevant person in charge of China Life Insurance Department said: "According to the product design requirements, if the payment period is 10 year and the annual payment is more than 200,000 yuan, the rights and interests enjoyed include the right to guarantee occupancy, priority occupancy, price concessions, experience occupancy and personal customization."

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.