Research On Reverse Mortgage Loan Insurance Of China

From The latest statistics of the Ministry of Civil Affairs data, China has more than 200 million over 60 years of age, accounting for 15.1% of the total number of the country, and still further increase the degree of aging, these data are presented to us warning that the current situation of China’s aging population is very serious, urgently need to actively respond without delay. In addition, along with the vigorous development of " Twelfth five" comprehensive planning, compared with the early "family planning" policy-induced reduction of newborn babies were born, leading to a temporary decline in the country’s population, now due to the booming economy, the mortality rate the decline in population temporary increase in the proportion of older people in the country’s population becomes larger. This is inconsistent with the current social security system can not achieve all of the elderly pension issues, and bring our traditional family model changes in the current economic development, which makes the shortcomings of the current pension system has become increasingly evident. To this end, establish a sound system of old-age insurance system, the introduction of new pension model seems imperative.Early in 2002,the former chairman of Happy life’s Mengxiaosu proposed the new thought of retirement with house pattern, the new things to change the current existence of the social security system is of positive significance. The housing reverse mortgage loan insurance as "retirement with house" one of the many patterns as the important supplement forms of the current social security system has been adopted by most of the developed countries. In academic circles has carried out the theoretical exploration of housing reverse mortgage loan pattern in China, some cities also began to pilot the project. After nearly 2 years of theoretical study and research, In June 2014, according to the CIRC formally issued guidance, since 2014 in the next two years, will be in Beiking, Shanghai, Guangzhou, Wuhan formally to carry out the elderly housing reverse mortgage endowment insurance pilot. Currently has seven insurance companies got the pilot qualifications, happy life is one of them, and was in June last year reported “the implementation scheme of reverse mortgage endowment insurance of happiness”, and the specific insurance contract to “ treasure the happiness room the old housing reverse mortgage endowment insurance A” has been in March 27 CIRC official approval.This paper has five parts: The first part is an introduction, a brief description of the reverse mortgage insurance development background and significance, the second part introduces the CIRC issued on the first housing about happy life insurance pilot version of the anti-to mortgage insurance case analysis, the third part of the happy life in combination to test the water in reverse mortgage insured by the work process, summarize the development of China’s insurance industry in the reverse mortgage insurance difficulties encountered in the process and the advantages. Part IV details the experience of foreign countries regarding the reverse mortgage insurance in the more successful, and finally from the insurance companies, older consumers, government three aspects to our reverse mortgage insurance and make specific recommendations measures.,finally to improve the housing reverse mortgage loan insurance from the government, consumers, the insurance company three aspects put forward concrete measure Suggestions.