Comparing Returns of 45 Long Term Savings Insurance Plans (Chinese Article)

Estimated reading time 3 minutes

10Life Team

04 Apr 2022
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10Life Team

04 Apr 2022

Estimated reading time 3 minutes

市場上不少產品可以歸類為長期儲蓄保險,但原來每款都有不同特性。10Life研究了市面上45款5年供款期的產品,並比較其基本情景下的30年回報,拆解產品當中的差異。

圖表1:比較45款儲蓄保險計劃的保證和預期回報
(假設受保人為35歲非吸煙男性、5年供款期、總保費10萬美元、第30個保單年度)

註:
1. 假設受保人為35歲非吸煙男性;供款期5年,總保費共10萬美元﹔於保單有效期內,沒有提取任何保單貸款,亦沒有中途領取任何的現金價值及或利息。
2. 保單貨幣單位為美元。
3. 保證回報比率 = 保證現金價值 / 已繳保費。 現金價值即第 30 個保單週年的保證退保發還金額。
4. 預期回報比率 = 預期現金價值 / 已繳保費。預期現金價值即根據保險公司在基本情景下預計的投資回報,於第 30 個保單週年的預期退保發還金額。

4個區域反映不同產品特點 適合不同投保人

我們假設受保人為35歲非吸煙男性;供款期5年,總保費共10萬美元,有關產品第30年度的保證回報率或預期回報率均分別顯示在上圖的橫線及縱線上。通常產品預期回報率越高,其保證回報率越低,反之亦然。

我們利用兩條市場平均線,包括市場平均保證回報比率120%,以及市場平均預期回報比率400%,將圖表1細分成4個區域,以說明產品特性:

進取區:產品主打預期回報,保證回報低於市場平均。

平衡區:產品預期和保證回報均高於市場平均。

保守區:產品提供高於市場平均的保證回報,同時着重身故保障。

一般區:產品預期和保證回報均遜於市場平均。不過,部份保單容許轉換受益人,意味保單年期可以非常長,以30年期比較或許太短。

我們再於每個區域揀選代表(見圖表2),以顯示其保證回報率、預期回報率及保證身故賠償之分別。

圖表2:不同區域之長期儲蓄保險30年回報比較(美元)
(假設受保人為35歲非吸煙男性、5年供款期、總保費10萬美元、第30個保單年度)
圖表1位置 保險產品 保證
回報比率
預期
回報比率
保證
身故賠償
進取區 萬通保險 | YF Life
富饒傳承儲蓄計劃3
115.0% 530.7% $115,000
平衡區 安盛 | AXA
安進儲蓄系列 II - 穩進
145.6% 469.8% $145,564
保守區 安達人壽 | Chubb
「智主人生」保障計劃 (100%人壽)
178.6% 347.5% $361,801
一般區 安達人壽 | Chubb
安達百歲年年儲蓄計劃
102.4% 309.5% $105,000
註:
1.     假設受保人為35歲非吸煙男性;供款期5,總保費共10萬美元﹔於保單有效期內,沒有提取任何保單貸款,亦沒有中途領取任何的現金價值及/或利息(如有)。
2.     保證回報比率 = 保證現金價值 / 已繳保費。 現金價值即第 30 個保單週年的保證退保發還金額。
3.     預期回報比率 = 預期現金價值 / 已繳保費。預期現金價值即根據保險公司在基本情景下預計的投資回報,於第 30 個保單週年的預期退保發還金額

下述保證及預期回報金額包含了已繳保費10萬美元。著重預期回報的讀者,可以留意進取區。以「進取區代表」萬通保險富饒傳承儲蓄計劃3為例,其預期回報屬4款產品中最高(53.07萬美元),而最低的是「一般區代表」安達人壽安達百歲年年儲蓄計劃(30.95萬美元),兩者相差22.12萬美元。

看重保證回報的消費者,可以留意保守區。以「保守區代表」安達人壽「智主人生」保障計劃 (100%人壽)為例,其保證回報屬4款產品中最高(17.86萬美元),而最低的是「一般區代表」安達人壽「智主人生」保障計劃 (100%人壽)(10.24萬美元),兩者相差7.62萬美元。

有投保人或認為 「保守區代表」安達人壽「智主人生」保障計劃 (100%人壽)保證回證並不特別標青,不過其身故賠償屬4款產品中最高,達36.18萬美元,而最低的是「一般區代表」僅10.5萬美元,兩者相差25.68萬美元。

至於「平衡區代表」安盛安進儲蓄系列 II - 穩進,其保證和預期回報介乎於進取區代表和保守區代表之間。

分紅實現率評估非保證回報表現

長期儲蓄保險是財富增值工具,部份產品標榜的預期回報率雖然吸引,但相關數字有機會未能實現。消費者如想了解保險公司過往的非保證回報表現,可參考產品的分紅實現率。若果有關比率高於100%,代表保險公司該年回報超額完成;低於100%代表該年回報未能達標。

上述45款產品中,不少是全新或更新版產品,根據保監局提供的保險公司網站資料,2018年至2020年的分紅實現率仍未公佈,難以評估保單的非保證回報表現。退而求其次,消費者可以參考保險公司的同類產品或同系列的早期版本。另外,不少保險公司將於4月底或之前陸續更新分紅實現率,有興趣的讀者可留意相關保險公司網站。

宜留意分紅實現率長期表現 

不過,即使分紅實現率數字表現亮麗,也不代表「冇得輸」。正如我們早前文章指出,大部分保險公司只披露首幾個保單年度的紅利實現率,但是預期紅利金額於首幾個保單年度通常非常之少,保險公司相對容易實現。

再者,如其他投資項目一樣,過去表現不代表將來回報,分紅實現率只可作參考之用。此外,消費者亦要留意紅利種類,以終期紅利為例,它只可於終止保單、保單到期等情況下提取,而且金額未必隨着保單年期逐年上升。

最後,如我們早前文章指出,購買儲蓄保險之前,宜先了解自己的風險取向和個人需要。透過產品比較,消費者可以挑選較高回報的產品。本文只以5年供款期的長期儲蓄保險作例子,如果大家選擇其他的供款期,回報可能是另一情況。如想比較更多儲蓄保險,歡迎利用10Life產品解碼器》。  

伸延閱讀: 〈【保險呃人?】拆解儲蓄保險3大伏位逐個數〉  

註:
1. 本文由10Life從不同途徑搜集市場資料製作而成,僅供一般參考之用,並沒有考慮任何個人需要及合適性,亦不應被視爲銷售建議。投保前應與持牌保險顧問商討適合自己的保險方案,並以保險公司提供的資料爲準。
2. 以上保費資料更新至 2022年3月4日,並未包括保險業監管局收取的保費徵費。
3. 本文最後更新日期: 2022年3月4日。



Disclaimer

10Life Product Comparison and 10Life Insurance Ratings are developed by 10Life Financial Limited, an authorised insurance broker company licensed with the Insurance Authority under License Number FB1526. 10Life Product Comparison and 10Life Insurance Ratings are developed for generic customer segments using mathematical calculations based on product information, facts and data, and are not influenced by any partnerships with or fees received from insurance companies.

Any information on 10Life Platform ("10Life Information"), including but not limited to Product Comparison, Product Ratings, Blog Articles are intended for general education purpose and reference only. None of the 10Life Information is intended, nor should they be considered or relied upon, as regulated advice, insurance, financial, investment or professional advice, recommendation, approval, endorsement, invitation or solicitation in respect of any insurance, financial or investment products. 10Life Information does not take into account your individual needs. Reading 10Life Information should not be considered as conducting a suitability assessment, and is not sufficient to form the basis of any decisions to purchase any insurance products. You should rely on information authorised by insurance companies, carry out your own research and/or seek independent advice from licensed intermediaries before purchasing any insurance products or making any insurance decisions. While reasonable effort is used when collecting, validating and updating 10Life Information from various channels, none of 10Life Group and its subsidiaries, affiliates, agents, directors, officers and employees will be responsible for any liability, claim or loss arising from or associated with you using 10Life Information. No warranty, representation or guarantee is given by 10Life Group and its subsidiaries on the accuracy, completeness and timeliness of the information.

If you have any questions on 10Life Product Comparison and 10Life Insurance Ratings, please email us at enquiries@10life.com .

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Jack, Ng Wai Lap

黃維立

AXA Unit Manager

4.7
4006
612

Nik, Leung Tsz Kei

梁芷萁

10Life Financial Manager, Insurance Specialist

4.8
1173
274

Arthur, Law Wing Kai

羅永楷

10Life Financial Manager of Business Development

5
245
80

Winnie, Ng Wai King

吳惠琼

FTLife Agency Manager

4.8
1853
309

Even, Shum Miu Chu

岑妙珠

恆泰 高級理財顧問

4.6
1349
250

Philip, Lee Hon Lun

李漢麟

YF Life Branch Manager

4.4
1646
263

Tony, Yeung Chun Fung

楊俊鋒

FWD Life Wealth Planner

4.7
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309

Mabel, Siu Sin Wan

蕭善尹

FTLife Wealth Management Director

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Edward, Lam Wing Chuen

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Convoy Senior Wealth Management Advisor

4.6
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263

Noble, Suen Chit Yuen

孫哲遠

AIA Associate Director, Wealth Management and Protection

4.4
1116
249