Category: Insurance tips Release Date: 2006-08-01
Despite repeated protests by consumers, individual housing loan insurance is not fair "norm" has not changed, but until the real competition in the market, this has been adhered strictly to the rules for many years before the issue of a broken line of voice.
Compressible profit margins large enough scary
Late last year, Hangzhou, a real estate intermediary company? ? Qing-home buyers in real estate in Various media advertising, log off such a short line of small print: premiums to "loan" basis, no longer calculate the total price.
This ad is backed by the Hangzhou City Commercial Bank, they persuaded the Ministry of Hangzhou, Ping An Insurance PICC P & C working together to "lower prices", grabbed the mortgage market. Not advertised in advance of this "change", to bring buyers are few thousand dollars in concessions.
According to this algorithm, a total price of 500,000 yuan of second-hand room, five into the 10-year mortgage, according to 0.6% of the total price calculation, 3,000 have been required to pay the full amount of insurance. Hangzhou City Commercial Bank in accordance with the new approach, you pay only the loan amount (25 million) 0.6%, consumer savings of 1,500 yuan.
There are simultaneous changes in the housing mortgage insurance, a more important safeguard for content? ? If the lender due to accidental death or disability, other family members unable to repay the loan, the insurance company will undertake to pay the remaining part or all of the responsibility of paying back the principal.
Previously, housing, insurance coverage was simply: fire, explosion, burst water pipes, lightning, heavy rain, floods, typhoons, storms, tornadoes, snow, hail, icicle, landslides, cliff collapse, sudden landslides, ground subsidence suddenly, Run the air falling objects, as well as outside buildings and other fixed objects, such as disasters, the collapse of the housing losses, it is actually hundred years. Premium high-and low payment rates of apparent irrationality. 1992-1998 Shanghai the insurers mortgage insurance premiums of 2.4 billion, during which they only one case of compensation, the amount is only 80,000 yuan.
Take these benefits and concessions and the original standards compare with, it is easy to see, after the housing mortgage insurance what is a market for huge profits.
For, even joined in the mortgage insurance personal accident insurance, this kind of insurance loss ratio is very low. Previously, Shanghai insurance Craft Union requested the results of the actuarial assessment has been proved that the design of policies, the insurance company's profit margin is still significant.
Yes guild regulations or laws and regulations
Hangzhou City Commercial Bank in the commitments made by the various benefits for about 10 years ago, people obtaining a mortgage loan to the bank when paying back the principal must follow all the insurance, otherwise you'll get credit.
Bank of the reasons that, according to the provisions of the People's Bank, the banks provide customers with mortgage it is necessary to require customers to first for the home insurance policy. In fact, they stole a change of concept? ? Insurance does not equal to the full insured, banks insurance companies and consumers has been conducting a joint with an argument.
Consumers and the legal profession has long been questioned? ? Bank to avoid that part of the credit risk of consumers to the value of that part of the down payment does not require insurance, but why insist on all the prices consumers to take out insurance cover it? Shanghai Insurance Industry Association with a staff member told reporters that the reason is that many insurance companies at that time, housing is a whole, the insured can not be separated. But that claim is clearly untenable? ? In accordance with the insured amount in proportion to the total price paid can easily solve this problem.
Another area of challenge is that consumers, housing, mortgage loan insurance should be based on the construction of housing prices (excluding the value of high land prices), because in the commercial housing sales price in the price of land use accounted for more than 30%. But the land is almost non-existent risk, a house was completely washed out by floods, land is still an on. Domestic insurance companies to the above approach, much higher than the actual house as collateral insured value.
This reporter has learned, despite the People's Bank officials said there is no requirement to ensure that all insurance rates. But this line of regulation has been banks and insurance companies adhere to the consumers in a very long period of time can not conduct a hint of wavering.
Monopoly使然
In fact, in Hangzhou City Commercial Bank before the introduction of the preferential policies of Shanghai's insurance industry associations have already come forward with the identity of the guild, with the semi-official means of a mandatory requirement can be carried out in accordance with the amount of mortgage insurance and other measures to benefit consumers, but this measure not in other cities soon widely.
The industry believe that the unreasonable "norm" to maintain the reason why is because banks by virtue of a monopoly on the mortgage market and insurance companies formed a very close interest of alliance? ? While banks openly claims that, in the collection of insurance premiums when the left only in accordance with the provisions of the CIRC 8% as handling fee. However, consumers in Guangzhou, a process of loan repayment ahead of schedule only to find the original banks from premium to get the "benefits" even reached 50% of the total premium.
If, in Shanghai, is the insurance guild come forward to maintain the market if the main fair in Zhejiang, is entirely due to growing competition led to the monopoly be broken.
In 2000 years ago, personal housing mortgage loan business is confined to several major state-owned China Construction Bank and other banks, other banks simply do not have business qualifications, even in the People's Bank of gradually opening up policy, banks can do mortgage the future With the market competition, but not entirely market-oriented major state-owned banks and joint-stock banks do not bother to use their brains in these areas. Until the desire to grab market share in small and medium sized banks to join the competition really heated up.
Since the introduction of the preferential measures after the Hangzhou City Commercial Bank's home mortgage loans has reached 63.26 million yuan, in the mortgage market, has successfully played a "Lots of competition" role. Hangzhou City Commercial Bank is like a box of sardines into eel, stir up a burst of noise. Since then, Hangzhou and other parts of ICBC Several banks have also followed suit, take the initiative to reduce the insured amount, in the allies to give up after the bank, insurance companies have no choice but the old "cut prices", this line was finally in the competition under the rules to become more market-oriented of the.
