Category: Insurance tips Release Date: 2006-08-01
Annuity Insurance, also known as pension insurance, according to different standards, can be divided into many categories:
1. According to the date annuity payments are divided into
Immediate annuity: after the commencement of insurance contracts, insurance companies, pension payment schedule that is OK.
Deferred annuities: the insurance contract in force and after a period of time after the scheduled payment of annuity insurance company that is OK.
Wholesale payment annuity: policyholder paid premium annuity all at once.
Installment payment of an annuity: an annuity premiums policyholders pay installments.
2. According to the number of insured persons are divided into
Personal pension: The pension insurance, a single man.
Group Annuity: the insured person a flat group annuity personnel.
3. According to whether the amount paid into changes in
Fixed annuities: the amount of each payment under the contract agreed to pay a fixed amount of pension.
Variable annuity: the amount paid by the changes in purchasing power of money to be adjusted annuity.
4. By payment period is divided into
Life annuity: the insured person can receive during their lifetime annuity has been a certain death, the insurance company does not pay.
A guaranteed minimum pension: The insured person dies during a specified period, whether or not are eligible for pension payments.
Short-term annuities: to require an annuitant period, and the annuitant's death has nothing to do.
It is precisely because there is a lot of change in an annuity, so it can be freely combined into a number of products. China's insurance market in many types of insurance, annuity, such as the Ping An Group pension insurance is a long time deferred annuities, group annuities, the minimum guaranteed annuity, you can choose payment method barge payment, installment payments may be, the amount paid by quotas or increase the amount of can also be optional. Other companies such as China Life Insurance, annuity products introduced another slightly different, complement each other.
