During the validity period of the insurance liability stipulated in this contract, the insurer shall bear the following insurance liabilities:
1. Pension benefits:
The starting dates for pension benefits are the dates corresponding to the contract effective dates for the following ages of the insured: Men are 55 years old and women are 50 years old in Category A; Men are 60 years old and women are 55 years old in Category B; Men are 65 years old and women are 60 years old in Category C. After the insured's lifetime pension start date, the insured will receive pension on the corresponding day of the contract effective date every year. The amount in the first year is RMB 1,000, and will increase by RMB 50 every year until the death of the insured and the contract is terminated.
2. Insurance premium refund:
On the day corresponding to the effective date of the contract when the insured reaches the age of 70, the insurer will return the premium paid (excluding the premium after underwriting) to the insured, and this contract will continue to be valid; if the insured dies before the age of 70, the death insurance will be paid and the premium paid (excluding the premium after underwriting) will be returned to the beneficiary, and this contract will be terminated.
3. Birthday bonus and birthday bonus payment:
On every fifth anniversary of the life of the insured before the start date of pension collection, birthday celebration benefits will be paid on the corresponding dates of the contract. The amount is 100% of the annual insurance premium (excluding the post-underwriting premium) or single payment of the insurance premium (excluding the post-underwriting premium). 10% of the portion); when the insured reaches the age of 80, 90, and 100 years old on the corresponding dates of the contract effective date, the insured can receive birthday benefits of RMB 6,666, RMB 9,999, and RMB 99,999 respectively. The contract will continue to be valid after the payment.
Extended information
Insurance coverage
1. Insured person:
Any person who is over 18 years old and has full capacity for civil conduct can insure this insurance for himself or his spouse, immediate family members and other dependents who meet the insurance conditions; agencies, enterprises, institutions and social groups can serve as insured persons and insure their members with this insurance from the insurer. The written consent of the insured must be obtained when applying for insurance.
2. Insured person:
All men under the age of 55 (including 55 years old, the same below) and women under the age of 50 who are in good health and able to work or work can be the insured of this insurance. This insurance has three types, A, B, and C, for the policy holder to choose from. The maximum insurance age of the insured is: 45 years old for men and 40 years old for women in Type A; 50 years old for men and 45 years old for women under Type B; 55 years old for men and 50 years old for women under Type C.
Reference: Baidu Encyclopedia-Pension Insurance
