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Life Insurance Product Enjoy High Return
China's first omnipotent life insurance service launched by China Pacific Insurance Co., Ltd., (CPIC) announced the annual rate for its first individual account settlement as 22.47%, which rank the first in domestic investment life insurance product, according to sources from the financial industry.
This product has been very popular since it was introduced in Beijing and Shanghai in Aug 8. As of September 30, the premium collected in the two cities topped 103.07 million yuan.
CPIC has a self-contained operation system of capital management as well as investment and many investment experts. The company conducted effective investment operation to keep a high level return rate. It is the only insurer approved by CSRC to invest in securities funds by 15% of its total assets.
CPIC has set up a self-contained information disclosure system to keep investors informed of their services. Statistics show that complaint rate of the service since its launch has been zero. (Panorama)
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