文档介绍：提要
1999 年 10 月平安保险公司率先推出中国第一个投资连结产品世纪理
财投资连结保险它产生的根本原因在于解决寿险利率风险问题
投资连结保险和开放式基金是两种具有众多相似点的金融产品投资连结
产品属于一种不保险的保险,说它是保险不如说是一种被人为捆绑上人身
保障的开放式基金在投资连结产品中每张保险单用于投资的保险费就是基
金单位的买入价退保利益则是基金单位的卖出价买入价和卖出价之间并没
有最低的利益保证投资连结保险和开放式基金有一定的替代性因而二者的
竞争不可避免
投资连结保险欧美国家保险市场发展迅速已逐步发展成为在保险市场中
占有重要地位的主流产品它的畅销得益于存在较为成熟的发展条件具体
说在保险公司方面具有完善的投资管理制度具备先进的电脑管理系统投
保时可以获得较大的投资选择权在金融市场方面资本市场比较发达在政策
方面具有较为严格的保险监管体系及税收优惠政策
我国投资连结产品在经营管理产品设计监管等诸多方面还很不成熟
但随着各项法律法规政策都将逐步出台政策环境会越来越好资本市场
也会越来越开放兼有投资和保障功能的投资连结保险旺盛的生命力会在其中
渐渐显现出来
1
Abstract
In October, 1999, Ping An of China brought out the first Investment-linked Life
Insurance —Ping An Century-financing Insurance, it solved the interest rate’ risk at
all.
Investment-linked Life Insurance and Open-end Fund have a lot of resemblance.
Investment-linked Life Insurance is of a insurance of non-insurance. it is a artificial
man-made bound Open-end Fund product more than a insurance one. In all
Investment-linked Life Insurance products, the insurance premium used as
investment is the purchase price of fund unit, And loan value is the asked quotation of
fund unit. There is not the Minimum ensure between in-and-out price. It is so
displaceable both Investment-linked Life Insurance and Open-end Fund that the
competition between them is unavoidable.
Investment-linked Life Insurance grew rapidly in Euramerican countries and has
e one of mainstream products. It is because of mature market condition.
Concretely, the panies have perfect investment system, advanced
computer system, and policy-holder have plenty choices; The capital market is
developed; surveillant and administrant system is strict and tax system is
favourable.
In china, Investment-linked Life Insurance is not mature in management, design
and surveillance. panying more and more better police environment and open
capital market ,the hearty life-force of Investment-linked Life Insurance with unction
of investment and gua