In June 2021, the Banking and Insurance Regulatory Commission launched an "exclusive commercial pension insurance" specifically for new industries and new format practitioners such as couriers and online car drivers, and 6 insurance companies took the lead in carrying out pilots in Zhejiang and Chongqing.
Exclusive commercial endowment insurance provides new protection for flexible employment personnel
Liu Zhenyou, who is engaged in the express delivery industry in Chongqing, began to do pension planning last year, and insured exclusive pension insurance designed for flexible employment personnel. He said that he would pay about 800 yuan a month and 9600 yuan a year. He held it for 10 years, and he could not receive it until he was 60 years old, and he could receive about 1500 yuan a month.
Xu Liang, who also belongs to the flexible employment personnel, is currently engaged in security work in Chongqing, and this year he has also insured exclusive pension insurance, and the flexible payment method is what he values most, because when the income is more, he can pay a little more, and when the income is small, he can pay a little less.
The staff told reporters that the biggest feature of exclusive commercial endowment insurance is that it is simple to apply for insurance, flexible in payment, and can be paid monthly, annually or even one-time; when difficulties are encountered, it can also be deferred.
Deng Jian, secretary general of Chongqing Express Delivery Association: The threshold is very low, basically there is no threshold, when paying each month's funds, how much money can be, and the bottom line of 100 yuan is still very small.
Industry insiders said that exclusive commercial endowment insurance focuses on "pension", strictly stipulates that insurance income can only be received after the insured retires, and long-term stable investment ensures the steady return of such products.
Wang Wen, vice president of PICC Life Insurance: After the insurance premium of the exclusive commercial endowment insurance is invested, the guaranteed bottom interest rate will be guaranteed every year. Our robust portfolio account currently announces a realized yield of 5% and an aggressive investment account announces a achieved yield of 5.3%, which is still very advantageous over some traditional insurance products.
On March 1, the pilot scope of exclusive commercial pension insurance was expanded to the whole country
Recently, the Banking and Insurance Regulatory Commission issued a notice that from March 1, 2022, the pilot area of exclusive commercial pension insurance will be expanded to the whole country, and pension insurance companies will be allowed to participate in the pilot on the basis of the original 6 pilot insurance companies.
Data show that the mainland is currently engaged in express delivery and takeaway industry flexible employment personnel more than 10 million, plus more than 3 million online car drivers and tens of thousands of domestic, security personnel, flexible employment group is a huge number, their pension needs are the focus of social attention, the introduction of exclusive commercial pension insurance, to a certain extent to fill such a gap.
Chen Yingdong, director of the Life Insurance Supervision Department of the Banking and Insurance Regulatory Commission: As of January, the cumulative number of insurance policies is 50,000, and the cumulative income of premiums is 400 million yuan, especially the insured personnel of some new formats of flexible employment have reached nearly 10,000 people, and the overall pilot is still relatively stable. In order to let this product reach more people and provide more old-age security for everyone, we decided to expand the scope of the pilot to the whole country, and also allow pension insurance institutions to participate in the pilot.
After the notice was issued, many pension insurance companies plan to test the waters.
Gan Weimin, chairman of Ping An Pension Insurance, actively applies for products and strives to become the first batch of pension insurance companies to develop exclusive commercial pension insurance products; for key customer groups, such as flexible employment personnel, online ride-hailing drivers, etc., to create relevant terms for them in a scientific and flexible manner.
Source: CCTV Finance
Edit: Gao Qin
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