Deposit turns into insurance? Two seniors deposit 100k yuan at the bank, and only 70k yuan remains when they withdraw! Bank responds

2026-04-04 03:09:10

Abstract generation in progress

Recently, Ms. Guo, a resident of Jiaozuo City, Henan Province, reported that about 8 and 9 years ago, her parents were misled by a bank regarding deposits; they cumulatively had nearly 100k yuan “pension savings” converted into insurance. Now, surrendering the policy would result in a loss of more than 30k yuan, leaving them with only 70k yuan.

The bank responded that it had fulfilled its risk disclosure obligations and that the sales process was compliant. However, Ms. Guo does not accept this, and there is still a dispute between the two parties.

Lawyer Zhao Yutao believes that, from the perspective of law and industry regulations, the involved bank has clear fault, and the elderly can protect their rights according to the law. A staff member from the Jiaozuo regulatory sub-branch of the National Financial Regulatory Administration said the relevant situation has been logged and has already been properly referred for handling in accordance with the workflow.

Source: Henan Daily, Guangzhou Daily

【Source: Vigorous News】

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