Category: Insurance tips Release Date: 2006-08-01
Of the original mandatory color was too thick, the PBC is working to amend the relevant methods
For a long time and individuals in housing loans must be insured for Housing, property insurance, this color with the mandatory provisions of consumption has been widely questioned, with the People's Bank branch in Fuzhou center of the concerned persons contact with the head office and learned that the PBC has been Recognizing the "Personal Housing Loan Management Measures" section 25 of the shortcomings and has initiated changes is likely to abolish the mandatory mortgage insurance policy.
Deeply questioned the three focus
Home mortgage insurance, along with the birth of individual housing loans emerged, whose core is in the "collateral" loss or losses, the insurer be compensated according to regulations, the purpose is to allow lending banks "at ease" to provide individual housing loans. Shenzhen Branch of the People's Bank told reporters in Hong Kong, purchase insurance to have property insurance products, but also for the floor, the subject of artificial life insurance products, individual banks are different in Hong Kong, have also been set up to make property insurance compulsory an insurance, housing as a low charge objects, set to the subject matter, has its own rationality, it should be said that the insurance for housing finance as well as the development of the real estate market has played a very positive role. However, as the insurance in the design defects, but also increasingly apparent, for example, the total amount of insurance in order to determine the price, the insurance is too narrow.
Actually, the subject matter of housing mortgage insurance products dominate the world the pattern has been affected by the media and consumers, experts, multi-challenged. One question the focus of business risk personal loans guaranteed purchase is not enough. Mortgage and Housing's property insurance, lenders regular credit life insurance, mortgage purchase bond insurance, is a personal loan business buyers need at least three types of risk protection, however, the domestic housing market, mortgage insurance, property insurance and only mortgage housing an insurance. A second question is the excessive amount of insurance, the insurance period is too long, insurance premiums are too high, too many unreasonable factors, such as low-risk consumer items are insured, the premium is very high.
Third, beneficiary issues, the insurance premiums paid by the consumer beneficiary must fill bank as the beneficiary, or no loan; home insurance, mortgage loans into "There is no flexibility in force with goods", in the premium paid, the current widespread use of a one-time payment of "broad-brush" approach, also in the column denounce.
Life insurance surfaced
Practice from the bank point of view, the risk of mortgage collateral is not primarily come from the loss, but the borrower in the long repayment period of these accidents occurred, but this risk needs to be buyers for the subject matter of the life insurance products . Bank told reporters that the persons concerned, in fact, the key is now unreasonable insurance, personal loans to purchase business needs at least three types of risk protection: First, protection of property suffered major accidents and natural disasters, the risk of damage to housing and property mortgage insurance; 2 the loan's fixed credit life insurance, mainly in the repayment period, the lender because of illness or accidental injury, incapacity or death, to ensure safe recovery of bank loans, loans to family members can continue to live; third, mortgage purchase bond insurance, mainly in the When a guarantor because of death, causes of unemployment, inability to repay the loan agreement, the insurance companies settle on their behalf to the bank than debt recovery at the same time exercise the right to get compensation from a collateral or to the insured to recover indemnity; the market now are the policy implications, most property insurance, while the lack of subject matter based on artificial life insurance products.
This reporter learned that, at present, banks and insurance companies have already seen this, Shenzhen, individual housing loan insurance has been quietly taking place welcome change. China Construction Bank branch in the Lo Wu told reporters that the adjustment of the insurance clause in the insurance responsibilities, coupled with a repayment guarantee insurance, if they are insured in the insurance period of internal accidental injuries result in death or disability, loss of all or part of the repayment capacity, by insurance companies to pay the required percentage of the insured loans bear principal responsibility for all or part of the repayment. The China Construction Bank president, said Zhu Jiahua Branch, in addition to the original property insurance, the new insurance? ? Homes insurance, as an individual life insurance products for mortgage payments were provided with more options, but this is not mandatory insurance, and now is only a supplement. China Merchants Bank and the people concerned that the purchase of life insurance products is not yet mainstream, most of whom are attached only, mainly due to policy restrictions, some banks are consciously try to change, there is a bank is in a wait and see period, looking forward to policy adjustments.
