Here are important updates regarding insurance product availability:
1. The highly affordable Preferred Version (Plan A) of the Popeye Critical Illness Insurance, known for its lenient underwriting, was discontinued at 12:00 PM on June 19. 2. The cost-effective children’s critical illness insurance, Dahuangfeng 12 (Renewed Version), was discontinued at 12:00 PM on June 20. 3. The high-yield Zengduoduo 7 Retirement Annuity (Incremental Version) will be discontinued at 9:00 PM on June 26. These products offer exceptional value. Act now if interested. Below are detailed highlights. 1. Popeye Critical Illness Insurance: Unbeatable Value in Preferred Version Popeye offers two versions: Preferred and Standard. The discontinued Preferred Version is notably economical, especially for coverage until age 70 with a 30-year payment option—a rare feature that reduces premium pressure compared to typical 20-year plans. For example, a 30-year-old purchasing ¥500,000 coverage until 70 pays only ¥3,000–4,000 annually (30-year payment), significantly below market rates. Key features: – Maximum coverage: ¥500,000 – Comprehensive protection covering 12 high-frequency mild/moderate conditions – Post-critical-illness claim, unrelated mild/moderate conditions remain covered (e.g., ¥150,000 payout for mild stroke after a ¥500,000 cancer claim) – “Critical Illness Interaction Benefit”: After 2 claim-free years, submit health questionnaire and medical report for potential 10% coverage increase (e.g., ¥500,000 → ¥550,000) – Applicants initially subject to premium surcharges or exclusions may have these waived upon approval – Unlimited reapplications if initial request is denied – Optional premium waiver for mild/moderate conditions (low-cost add-on) Note: Preferred Version eligibility requires system verification during application. Discontinued after June 19 at 12:00 PM. Underwriter: Junlong Life Insurance Key advantages: Optional disease-specific payouts, underwriting flexibility, potential rate improvements The Standard Version, though pricier, features exceptionally lenient underwriting—accessible even for severe conditions like chronic HBV, advanced fatty liver, atrophic gastritis, or epilepsy—making it a rare opportunity for traditionally uninsurable applicants.It offers lenient underwriting for over 50 common illnesses. Click here for details. The standard version will not be discontinued for now, but its availability may change. Interested parties are advised to make arrangements promptly.
Next, let’s examine the second product to be discontinued. 2. Dahuangfeng 12 (Revamped Edition): Affordable Critical Illness Insurance for Children Underwritten by Beijing Life Insurance, Dahuangfeng 12 (Revamped Edition) provides flexible coverage options: 30 years, up to age 70, or lifetime, with a maximum 35-year premium payment period. Key features include: 1. Comprehensive Coverage for High-Risk Childhood Illnesses It covers 20 high-incidence critical illnesses in children, including leukemia, brain malignancies, and severe hand-foot-mouth disease, with additional payouts for certain conditions. For a 500,000 coverage amount, an extra 300,000 is paid if diagnosed in the first year, and 650,000 thereafter, totaling up to 1.15 million. Dahuangfeng 12 (Revamped Edition) Beijing Life Insurance Critical Illness Insurance Multiple Payouts for Child-Specific Illnesses Optional Additional Critical Illness Payout View Review 2. Additional Payout for Transplant Surgeries A 400,000 payout is provided for transplant surgeries (e.g., bone marrow or kidney transplants) before age 18 due to covered illnesses. 3. Robust Cancer Coverage For “malignancy-mild” or “carcinoma in situ,” a 150,000 payout is made. Subsequent diagnosis of “malignancy-severe” triggers an additional 250,000 payout alongside the base 500,000 coverage. These benefits are included without extra cost. Premium-wise, it is cost-effective, especially for the 30-year coverage option. For example, a 0-year-old boy’s 500,000 coverage costs only 645 annually (20-year payment term). For more details on Dahuangfeng 12 (Revamped Edition), click here. Additionally, a high-yield annuity product will soon be discontinued. 3. Zengduoduo 7 (Accumulation Edition): Fast-Appreciating, High-Return Pension Annuity Zengduoduo 7 (Accumulation Edition) offers two plans with a minimum 10,000 investment. It balances retirement income and asset growth, providing annual payouts upon reaching the designated age and rapid cash value accumulation until age 100+. For instance, a 5-year, 50,000 annual premium plan’s cash value exceeds the total 250,000 premiums paid by the end of the payment period.The main differences between the two plans are as follows:
Plan 1: The annual pension amount is fixed. Before the age of 80, the payout is higher than Plan 2 each year. However, due to the higher initial payouts, its cash value from the start of withdrawals is lower than Plan 2. This plan is suitable for those who prioritize higher pension payouts. Plan 2: The annual pension amount increases over time. It surpasses Plan 1 only after the age of 80. The cash value remains relatively high, and the internal rate of return (IRR) in later years is also higher. This plan is ideal for those seeking a balance between pension income and capital appreciation. Compared to other pension annuity products, both versions of Zeng Duoduo No. 7 (Increasing Version) offer competitive returns, ranking among the top in the market. The choice between the two plans depends on individual needs. Zeng Duoduo No. 7 (Increasing Version) Haibao Life Insurance Pension Annuity Fast-growing cash value High payout amounts View evaluation If there is an urgent need for funds, this product allows partial withdrawals after 5 years of coverage, with a maximum annual withdrawal of 20% of the premiums paid. This product will be discontinued at 21:00 on June 26. Interested individuals are advised to plan accordingly. 4. Final Notes In fact, many more products have been discontinued recently, some of which we couldn’t inform you about in time. As the third-quarter insurance research values are about to be announced, if the figures remain low, the insurance will be adjusted downward. This may lead to increased premiums for critical illness insurance and reduced returns for savings insurance… A major overhaul of insurance products is imminent. What is available now may be the best products for a long time to come. If you found this article helpful, please share it with friends and family who may benefit.
