How to get a loan after buying insurance? Latest hot topic analysis and practical guide
Recently, "insurance loans" have become a hot topic in the financial field, especially in the post-epidemic economic recovery stage, more people have begun to pay attention to how to revitalize insurance assets. This article will combine the hot data of the entire network for nearly 10 days to analyze the operating procedures, precautions and latest policies of insurance loans for you in detail.
1. Top 5 hot topics on insurance loans across the entire network (next to 10 days)
| Ranking | Hot Topics | Search volume (10,000) | Main Platforms |
|---|---|---|---|
| 1 | Insurance policy loan interest rate cut | 58.7 | Baidu/Weibo |
| 2 | Which insurances can be loaned | 42.3 | Zhihu/Tiktok |
| 3 | Insurance loan preferential policies during the epidemic | 36.1 | WeChat/Toutiao |
| 4 | Insurance Loan vs Credit Loan | 28.9 | Xiaohongshu/B station |
| 5 | Overdue consequences of insurance loans | 19.5 | Kuaishou/Post Bar |
2. Comparison of mainstream insurance loan products
| Insurance Type | Loanable ratio | Annual interest rate range | Time of loan | Popular Products |
|---|---|---|---|---|
| Life Insurance | 80%-95% | 4.5%-6.8% | 1-3 working days | Ping An Xiyue Life |
| Dividend insurance | 70%-85% | 5.2%-7.5% | 3-5 working days | China Life Xinfu Linmen |
| Annuity insurance | 60%-80% | 5.8%-8.0% | 5-7 working days | Taiping Excellence and Wisdom |
| Universal Insurance | 50%-70% | 6.0%-9.0% | 7-10 working days | Xinhua Golden Color Life |
3. Four-step operation guide for insurance loans
Step 1: Confirm the insurance policy qualification
Need to meet: 1. The policy has been effective for 2 years; 2. It has cash value; 3. The policyholder is consistent with the insured; 4. No premium arrears.
Step 2: Prepare application materials
Essential information: original ID card, original insurance policy, bank card, and the last 3 premium payment certificate. Some institutions need to supplement their income certificates.
Step 3: Choose a loan channel
1. Direct loans from insurance companies (low interest rates but limited amount); 2. Pledge of bank insurance policies (process specification); 3. Third-party financial institutions (fast loans but higher costs).
Step 4: Handle loan procedures
Online channels will arrive within an average of 3-5 working days, offline channels need to sign the "Pledge Contract for Insurance Policy" on site, and pay attention to retaining the detention certificate.
4. Latest policy points for 2023
1.Interest rate discount: Many insurance companies have launched special loans after the epidemic, and Taiping Life provides preferential interest rates of LPR-15BP for medical insurance customers.
2.Increased credit limit: China Insurance has increased the loan ratio of some high-quality insurance policies from 80% to 90%, but requires a credit rating of AA or above.
3.Extended term: The original 180-day repayment period can be applied for an extension to 360 days, and a 0.5% extension fee is required.
5. Risk warning and expert advice
1. Avoid overdue: Unpaid payments for more than 6 months may cause the policy to expire. There have been 23 forced policy withdrawal cases in a provincial capital city in 2023.
2. Beware of the loan transfer trap: Some intermediaries promote "insurance loans to business loans", but are actually suspected of illegal arbitrage, and the China Banking and Insurance Regulatory Commission has issued a risk warning.
3. Professional calculation: It is recommended to conduct trial calculations through the insurance company's official APP. A customer mistakenly calculates the cash value, resulting in the actual amount of money being paid 37% less than expected.
Under the current economic environment, rational use of insurance loans can indeed alleviate financial pressure, but attention should be paid to:The loan amount should not exceed 70% of the cash value,Priority to the original insurance company channel,Make a repayment plan. The latest data shows that the insurance loan default rate in Q2 2023 rose by 1.2 percentage points compared with the same period last year, and rational lending is particularly important.
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