First of all, the new insurance law in 2009 has made some changes that are beneficial to policyholders and insureds. If you transfer insurance according to the new regulations, it will be beneficial to your friends. In addition, I analyze that since your friend bought a long-term personal insurance product and paid the insurance premium in installments, it is understandable that some adjustments have been made to the current product for compliance.

Besides, the so-called transfer discount is what insurance companies should do so that the two insurances can be smoothly connected, that is, there is no need to re-underwrite, etc., and it can be completely connected with the previous insurance.

What are the changes in terms, insurance amount, etc. between the transferred insurance and the Yuan insurance policy? It would be fine if there were just some adaptations for compliance, but it would be wrong if there were major changes to the terms, but it is unlikely that a life company would do such a thing.

There are many things that are not specifically stipulated in the insurance law, and the stipulations are relatively general. The details will depend on the specific administrative regulations of the China Insurance Regulatory Commission. As long as the contract terms do not change significantly, there will be no problem. The life company is the largest life insurance company in China. If you have any questions, you should consult your local Insurance Regulatory Bureau. When transferring insurance, you should read the new contract before signing.