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70-Year-Old xi'an Resident's 120,000 Rmb Bank Deposits Converted Into Insurance

Mr. Xu, a 70-year-old man from Xi'an, went to Ping An Bank to make a deposit of 120,000 yuan (RMB). However, he discovered at the end of July that he had bought an insurance policy. He also had to pay 120,000 yuan in premiums every year for the next two years, which attracted attention on the Internet.
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Mr. Xu, a 70-year-old man from Xi'an, went to Ping An Bank to make a deposit of 120,000 yuan (RMB). However, he discovered at the end of July that he had bought an insurance policy. He also had to pay 120,000 yuan in premiums every year for the next two years, which attracted attention on the Internet.

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大纪元 Epoch Times broke the news in on Thursday, August 28, 2025.
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