China Pacific Insurance whole life insurance Dividend is a life insurance product, which provides death protection and dividend income. Although it is not a special old-age insurance, it can be used as a part of old-age planning to provide certain protection and benefits for the insured after retirement.
In the old-age planning, life insurance can provide certain death protection and life value protection, so as to avoid bringing excessive economic pressure to families when there are risks such as accidents or diseases after retirement. In addition, dividend income can also provide an additional source of income for the insured to pay for daily living expenses or leisure activities such as tourism.
It should be noted that endowment insurance and life insurance products are different in function and purpose. Old-age insurance mainly focuses on the protection of life after retirement, while life insurance pays more attention to the protection of death and life value. When making a pension plan, it is suggested to consider a variety of factors, including personal economic status, health status, family background and so on. , choose the insurance product that suits you.
To sum up, whole life insurance Dividend of Pacific Insurance Fund is not a special endowment insurance product, but it can be used as a part of pension planning to provide certain protection and income for the insured after retirement. When choosing insurance products, it is recommended to consider a variety of factors and choose products that suit you.
Legal basis:
Article 9 of the Insurance Law of People's Republic of China (PRC) stipulates that an insurance company shall set up a branch in China according to law and obtain a license to operate insurance business.
Article 10 stipulates that an insurance company shall perform the following obligations:
(1) Risk warning to the insured;
(2) Submit relevant reports, statements, documents and materials as required;
(3) Pay the insurance premium according to the agreed time;
(4) To be liable for compensation or payment of insurance benefits as agreed in the contract.