05-025 · EVIDENCE C · SOURCE-SENSITIVE
It’s better to choose a non‑return insurance plan and treat any “refunds” or dividends as non‑guaranteed benefits
保险优先买消费型，把「返还」「分红」当作不保证的部分
With a non‑return plan, no money is returned at maturity, which can make it feel like “wasted money.” You’ll need to handle your own savings. The hardest part is accepting that this money won’t be coming back.
The insurance company makes no promises about any dividends or refunds you might receive. Policy documents must explicitly state in bold text that “future policy dividends are non‑guaranteed benefits.” The extra premiums paid for return features essentially act as a savings account managed by the insurer; there’s no guarantee on returns, and withdrawals are difficult.
C
Move “It’s better to choose a non‑return insurance plan and treat any “refunds” or dividends as non‑guaranteed benefits” to Future Me's calendar
The excuse
One more exception feels free because the bill arrives outside the current scene.
What feels good now
Today I keep a few minutes, a bit of persistence and avoid interrupting my default routine.
What the source says
The source summarizes the return this way: “The insurance company makes no promises about any dividends or refunds you might receive. Policy documents must explicitly state in bold text that “future policy dividends are non‑guaranteed benefits.” The extra premiums paid for return features essentially act as a savings account managed by the insurer; there’s no guarantee on returns, and withdrawals are difficult.” Evidence grade C. The original states the population, caveats, and sources; this is not a personal forecast.
Use the original facts and limits. For an urgent medical, safety, financial, or legal issue, contact a qualified local professional or service.
THE ENGLISH EDITION
Original recommendation and evidence
25. It’s better to choose a non‑return insurance plan and treat any “refunds” or dividends as non‑guaranteed benefits
Cost: With a non‑return plan, no money is returned at maturity, which can make it feel like “wasted money.” You’ll need to handle your own savings. The hardest part is accepting that this money won’t be coming back.
In plain terms: The insurance company makes no promises about any dividends or refunds you might receive. Policy documents must explicitly state in bold text that “future policy dividends are non‑guaranteed benefits.” The extra premiums paid for return features essentially act as a savings account managed by the insurer; there’s no guarantee on returns, and withdrawals are difficult.
Benefit: Regulatory rules require that dividend‑type products clearly indicate in bold print that “future policy dividends are non‑guaranteed benefits, and their distribution is uncertain.” The dividend illustration is the projected payout table provided by the insurer; its maximum interest spread is 4.5% minus the policy’s guaranteed interest rate. This guaranteed rate is the fixed return stated in the contract. Premiums paid for return or dividend features function similarly to a savings account held by the insurer — with no guaranteed returns and limited liquidity; withdrawals are hard to arrange (China, effective 2023).
Evidence grade: C
Sources: China Banking and Insurance Regulatory Commission (2022). Information Disclosure Rules for Personal Insurance Products with a Period of More than One Year (Banking and Insurance Regulatory Commission [2022] No. 24). <https://www.gov.cn/zhengce/zhengceku/2023-01/04/content_5735014.htm>
Notes: While return‑type insurance can help people who struggle to save by enforcing regular payments, this advice applies mainly to individuals who can manage their own finances. Whether opting for a non‑return plan and investing the saved premiums is truly superior to buying a return‑type policy depends on the specific product; no systematic data are available to support this comparison here. This information is not financial advice.
Read the complete Chinese source and notes
25. 保险优先买消费型，把「返还」「分红」当作不保证的部分
成本: 消费型保险到期不返钱，心里会觉得「这钱白花了」。存钱的事要你自己安排。难的就是接受这笔钱拿不回来。
说人话: 分红和返还的那部分钱，保险公司不保证给你。说明书上必须用加粗字写明「未来的保单红利为非保证利益」。你为返还多交的保费，等于交给保险公司替你存着，收益不保证，想取出来也不容易。
收益: 监管规则要求，分红型产品的说明书要用加粗字体提示「未来的保单红利为非保证利益，其红利分配是不确定的」。红利演示就是保险公司给你看的那张分红测算表，它的利差上限是 4.5% 减去产品预定利率。预定利率就是合同里定死的那一档收益率。返还型和分红型多交的那部分保费，相当于交给保险公司代管的储蓄。它收益不保证，流动性也差，想取出来不容易（中国，2023 年起施行）
证据等级: C
来源: 中国银保监会 (2022). 一年期以上人身保险产品信息披露规则（银保监规〔2022〕24 号）. <https://www.gov.cn/zhengce/zhengceku/2023-01/04/content_5735014.htm>
备注: 争议：对完全存不下钱的人来说，返还型保险逼着你按期交钱，这个作用有实际价值。上面的建议针对的是能管住自己的普通人。「买消费型，把省下的保费自己拿去投资」比「买返还型」到底好多少，要看具体产品，本节没有可以引用的系统性数据。不构成投资建议。
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