I bought Fude Life Insurance from the Post Office, paying NT$20,000 per year for three consecutive years. After 5 years, I can withdraw NT$70,000 with the principal. Is it true?

The Fude Life Life Insurance sold by Postal Service does have certain investment return characteristics. If you follow the contract and pay premiums of 20,000 yuan per year for three consecutive years, you can get back the principal in full and receive a certain amount of income after five years, totaling 70,000 yuan. However, it should be noted that if the policy is surrendered before expiration, partial losses may result from failure to perform the contract, unless the policy is canceled in writing within ten days after signing the policy, at which time the premium can be refunded without interest.

After maturity, the policyholder’s rights will vary. If the contract is terminated before two years, the insurance company will refund part of the premium after deducting handling fees; if it is more than two years, the cash value will be refunded, which is the remainder after the insurance company deducts mortality costs and operating expenses. Fude Life Insurance attaches great importance to the protection of customers' rights and interests. It has set up a special consumer affairs committee to ensure that customer complaints are properly handled, and strengthens consumer education through various activities to enhance the public's awareness of financial insurance.

The company actively participates in publicity activities organized by the China Banking and Insurance Regulatory Commission, such as the "7.8 Insurance Publicity Day" and "Financial Insurance Popularization Month" activities, with a large number of participants, aiming to enhance customers' awareness of their own rights and interests. Protect. In general, when purchasing this insurance, you need to follow the terms of the contract and plan appropriately to protect long-term interests.