MVI Life explains the truth about 75-year insurance, fans are shocked by the harsh truth

Recently, the case of actress Ngoc Lan accusing the insurance company MVI Life of making insurance contributions for 75 years is a topic that attracts a lot of public attention. Recently, MI Life has also explained more about this contract.

Accordingly, actress Ngoc Lan has been participating in life insurance for 3 years, the annual fee is 700 million VND. According to her, she signed the contract because she believed the instructor, so she did not read the contract carefully and thought that after 10 years, she would receive both principal and interest and 10 billion dong.

However, after recent research, if the contract is terminated at this time, the amount received will be much lower than the 2 billion 100 million VND paid under the contract, besides the worry of the deadline Insurance is too long.

Talking to reporters, General Director of MVI Life, the company with which the actress has a life insurance contract, said that the two sides have sat down together and will continue to look for a solution. In terms of duration, there is a difference between the premium payment term and the protected period.

Mr. Dao Van Dong, General Director of MVI Life, said: "Products with general or unit linkage are protected for a very long time, sometimes 75, 85, 90, even 100 years. But the closing time is very long. the fee is not that long.If you pay the fee after the allotted time, for example 20 years, from the 21st, 22nd year... you are protected without paying fees.If you withdraw less amount, If you leave it there, it will make a profit on the investment."

According to life insurance policies, in the first 3-5 years when an individual participates in insurance, there are many premiums, most of which are basic premiums, up to 60-85% of the first year's premium and gradually decrease in the following years, in addition, there is also risk insurance premium, contract management fee... Therefore, if the payment is closed or paid before the contract expires, the amount that can be received will be very low after excluding these fees.

Therefore, the lawyers said that, when signing an insurance contract, it is necessary to study and consider carefully and read the contract carefully.

Mr. Tran Minh Hai, CEO of Basico Law Firm, said: "If we only participate in ordinary insurance, the nature is simpler. If we participate in insurance combined with financial investment, then It's a professional investment deal, buyers have to be very careful."

On the afternoon of April 10, the Insurance Management and Supervision Department, the Ministry of Finance also sent a document to MVI Life Insurance Co., Ltd., requesting a review of the insurance contract related to the actress and newspaper. Report to the Department on April 11, and at the same time request to check and monitor the activities of insurance agents, resolve customer complaints ... and soon have feedback to the community.

Also on April 10, the Insurance Administration and Supervision Department also sent a document to life insurance companies requesting to rectify and strengthen inspection and supervision of the advisory team, and seriously handle the situation. responsibility if a violation occurs, at the same time, when a complaint arises, it is necessary to actively work, solve and be responsible for responding objectively and transparently to news agencies and press.

As far as insurance advisors are concerned, there are usually three types: agents, insurance distribution banks, or financial advisors at the insurance company's offices. The most common problem is when the advisor has given the client excessive expectations of what insurance can realistically deliver.

A leader of an insurance branch shared, it is a fact that the lack of thorough understanding of customers as well as many consultants in the industry is causing the market to have an incorrect view of the product. This.

On the insurance contract, there is usually a table illustrating the cash flow with the respective interest rates regulated by the Ministry of Finance of 5% and 7%. However, the current reality in most companies is only 4% profit, which may disappoint many customers. However, on the side of the advisor, there are also cases of actively using tricks to beautify cash flow.

There are 4 main types of insurance: Life, Critical Illness, Accident, and Health while only life has a cumulative value, that is, the contributions are kept and accumulated to return customers. , and the remaining 3 types of insurance will be the service fee and will not be refunded.

The contents of the insurance contract have also been approved and strictly controlled by the Ministry of Finance to ensure the interests of insurance buyers. The rest is the responsibility of the buyers and advisors themselves, to ensure that those rights are optimally understood and enjoyed.

Ngoc Lan - MVI life is suspected of creating a scandal to polish her name, using "bright aura" to profit? Lạc Hoa15:47:34 21/04/2023After all the noise, the story of MVI life and Lan Ngoc's insurance contracts ended smoothly at the press conference. But the unexpected change of the actress's attitude made people once again raise the question of creating a scandal to polish the name of the insider...