Research On Types Of Commercial Endowment Insurance In China

The current world population is facing the aging trend. Before and after2000, China has also entered the aging society. Social basic insurance cannot bear such a huge endowment pressures of an ageing population, it is necessary to vigorously develop commercial endowment insurance as a supplement, perfect the old-age security system. But compared with the huge market potential, the development of the commercial endowment insurance in our country is still at the primary stage. Life insurance companies launched personal commercial endowment insurance, but types are relatively single, most of the endowment insurance products on the market are traditional, share out bonus, unit-linked and universal types. Homogeneity degree of the products is higher, although the provisions of the various types of risks in the basic insurance liability, additional risk selection, and drawing are different, the overall difference is small, and so the products are unattractive to the large social groups. Therefore, based on china’s current insurance market of commercial endowment insurance coverage analysis, aims to give advice to innovation and development of commercial endowment insurance coverage in our country.This article is divided into two parts, the preface and the text part, and the body part is divided into seven parts. In the preface part, the author expounds the thesis research purpose, research significance theory, theory tool, theory research methods, basic idea and logic structure, etc., this paper expounds the sweeping of the paper basic structure.Firstly the text introduces the general situation of the development of commercial endowment insurance. Introduce the concept of commercial endowment insurance, the differences between commercial endowment insurance and social endowment insurance. Then classify the types according to the insured object, if there is a guaranteed income or not, and on the basis of the types on the market of commercial endowment insurance. By China’s current commercial life insurance premium scale and market share, products of various types of endowment insurance premium scale and market share and the institution of insurance market supply quantity, comprehensive analysis of the overall number of commercial endowment insurance development in China.The second part introduced the endowment insurance of share out bonus. First, introduce the concept of share out bonus insurance, define the important difference between share out bonus products and other life insurance product is that share out bonus insurance products are policy dividend and dividend distribution. Then simply introduce the source of policy dividends, dividends distribution ratio, dividend distribution methods. And then select three products as the representative of the share out bonus endowment insurance, contrastive analyze and summarize their similarities and differences. Finally summarizes the current characteristics of share out bonus of endowment insurance and points out existing problems.The third part introduced the type of unit-linked endowment. First of all, introduces the concept and features of investment linked insurance. Then select two models to analyze and summarize their similarities and differences. Finally sum up the characteristics of unit-linked endowment insurance and points out existing problems.The fourth part introduces the type of universal endowment insurance. Firstly introduces the basic concept and characteristics of universal insurance. Then select two models to analyze, summed up their similarities and differences. Finally, sum up the characteristics of universal endowment insurance, points out existing problems.The fifth part introduces how to innovation and development the type of commercial endowment insurance of china. Firstly analyzes the reasons why commercial endowment insurance need to innovation and illustrates the necessity of innovation. Then points out that there are two way to innovation. One way is innovation on the basis of current insurance, and the other way is a full new direction. Finally, the text thinks the type of commercial endowment insurance’s development needs the support of national policy. not only needs policies and regulations which conducive to the development of commercial endowment insurance, but also needs to make endowment insurance supervision and management measures, specifications of endowment insurance market, to promote the healthy development of the endowment insurance.The last part of the text summarizes the status quo of commercial endowment insurance development in China. Certain commercial endowment insurance in China needs further innovation and development, and summarizes the innovation development direction.