[Korea gimmingyeong financial newspaper reporters] who was expected to be the main cause of the sign-up process is tricky variable insurance complaint rate of increase. Geomjeungryeok plans to improve the diagnosis of conformity to particular consumer subscription only variable life insurance is absolutely necessary.
Financial Supervisory Service announced 20 days' variable insurance compliance diagnostic system improvements. Remind picky effect that the sign-up process by which the complaint is incomplete due to higher product sales.
According to this plan come from the second half of consumers will have to answer when you sign up for variable insurance insurance purposes △, △ investment propensity, △ estate situation, △ investment experience, including 16-7 division questions.
One of the seven double inappropriate items, even if it takes consumers determine not to sign up for variable life insurance. The answer to such insurance contract maintenance period, less than seven years 'or' principal should be be preserved, and those that are prohibited by the consumer response to price variable life insurance actuary.
Variable life insurance is the insurance depends on fund performance as a commodity to invest in some premium fund. As the incidence point manhadaneun expect higher interest rates in the low interest rate era, variable life insurance reserves stood at increasing year by year. Last September, the end of variable life insurance reserve is 109.1 trillion won, registering the number of cases showed one in every 8.3 million citizens about six cases per.
However, the lack of consumer complaints increased year guidance about the dangers of the product, including possible loss of principal. In particular, the low rate of return compared with the expected return midway termination of the contractor were the biggest complaints. According to the Financial Supervisory first half of last year the number of complaints related to variable life insurance amounted to 2200 cases.
Consumers who have already subscribed to the variable insurance are also established procedures to receive reassess the investment propensity ride when the transfer funds. If the revaluation results taryeo change if the fund is higher risk than investment propensity of the Contractor shall be required to create an 'inadequate insurance contract confirmation.
FSS is a diagnostic system that jineunji watched the suitability strengthen good prospects to evaluate periodically through on-site inspection. FSS official predicted that "consumers will be significantly reduced if the variable insurance-related complaint is well known for their propensity to join the best product."
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
