Forget it. Xinsheng insurance is a guaranteed product, and the cash value of the policy is very low. What is the cash value of your insurance policy? But the loan amount is 80% of this figure! What's the point of a loan? If you really want a loan, it's easy. Just take your insurance policy and ID card to the local Ping 'an service outlet, or ask your waiter to handle it for you. The easiest thing is to call Ping An's 955 1 1 and choose manual service. Everything will teach you how to do it!
2. Is it risky to borrow from Ping An Bank with a policy?
Policy is a financing method that the insured directly mortgages the policy to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. If the borrower fails to perform the debt at maturity, the insurance company has the right to terminate the insurance contract when the loan principal and interest accumulate to the cash value of surrender.
Risks existing in the policy:
The insurance policy may affect the investment plan and cash flow of the insurance company, especially in the case of interest rate fluctuation, the lender can get more income by increasing the loan or repaying the loan as soon as possible, but the insurance company can only be forced to accept it, that is, the policy right is essentially an option provided by the insurance company to the policyholder or policyholder. Therefore, the determination of interest rate level is a core issue faced by insurance companies when formulating policy terms. Usually, the interest rate of the policy is higher than the interest rate for calculating the cash value. When the loan interest rate is fixed, the fluctuation of market interest rate affects the loan motivation of the insured to a certain extent, which correspondingly causes the adverse effect that the policy loan locks in the investment funds of the insurance company, which means that the insurance company can reduce the funds available for other investment channels, or even give up high-yield and high-quality investment projects, thus affecting the stability and profitability of the corresponding operations; In addition, handling policy loans also requires certain administrative expenses, which increases operating costs.
3. What are the risk conditions of Ping An Bank's policy loan?
No journey:
1. To apply for a loan from a lending institution, the required information should be accurate (if the applicant and the insured are not the same person, the original ID card of the insured should be prepared), the original insurance policy and the information specified by banks and insurance companies;
2. The staff of the lending institution accepts the application and reviews the materials;
3. After approval, the banking institution determines the loan amount, signs a loan contract with the borrower, and leaves the insurance policy to the lending institution for mortgage and issuance.
4. The borrower shall repay the loan principal and interest as stipulated in the contract.
4. Is it risky to borrow from Ping An Bank with a policy?
Policy is a financing method that the insured directly mortgages the policy to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. If the borrower fails to perform the debt at maturity, the insurance company has the right to terminate the insurance contract when the loan principal and interest accumulate to the cash value of surrender. Risk of insurance policy: insurance policy may affect the investment plan and cash flow of insurance companies, especially in the case of interest rate fluctuation, lenders can get more benefits by increasing loans or repaying loans as soon as possible, and insurance companies can only be forced to accept it, that is, the policy right is essentially an option provided by insurance companies to policyholders or insured. Therefore, the determination of interest rate level is a core issue faced by insurance companies when formulating policy terms. Usually, the interest rate of the policy is higher than the interest rate for calculating the cash value. When the loan interest rate is fixed, the fluctuation of market interest rate affects the loan motivation of the insured to a certain extent, which correspondingly causes the adverse effect that the policy loan locks in the investment funds of the insurance company, which means that the insurance company can reduce the funds available for other investment channels, or even give up high-yield and high-quality investment projects, thus affecting the stability and profitability of the corresponding operations; In addition, handling policy loans also requires certain administrative expenses, which increases operating costs.