So is China Life Insurance, the leader in the insurance industry, worth choosing? Is it reliable?
Now the senior will tell his friends about China Life Insurance. We continue to look down!
Before we begin, you can look at the following article to find out from what aspects to look at an insurance company:
"What should we pay attention to when we pay attention to insurance companies? 》
1. What kind of insurance company is China Life?
1, China life backstage big secret!
China Life Group, formerly known as China People's Insurance Company, was born in 1949. Its China Life Insurance Co., Ltd. was established with the approval of relevant departments in 2003. After all, China Life Insurance Group is indeed a large comprehensive financial group, so Senior Sister mainly talks about its China Life Insurance Co., Ltd. (China Life Insurance for short).
China Life is headquartered in Beijing with a registered capital of 28.265 billion yuan. When the company was founded, it chose to list in new york and Hongkong respectively, and returned to the embrace of domestic A-share market in 2007, becoming the first financial and insurance enterprise listed in three places in China.
By the end of 20021,China Life's total assets far exceeded 4.8 trillion yuan, an increase of 15% compared with the end of 2020, ranking first in the domestic life insurance industry. And reached the premium income of 6183.27 million yuan, and the scale value always maintained the leading position in the industry.
That's not all. In 20021year, China Life ranked 49th in Forbes Global Listed Companies 2000 and 8th in Fortune China 500 respectively!
The seniors in the above content can't calm down. After all, the hard power of China Life is really admirable!
2. Is China Life Reliable?
People who ask whether the value of China Life Insurance is high or not are mostly worried that they will not pay for their insurance after an accident.
Judging from the actual situation, not to mention China Life's leading position in the domestic insurance industry, its own strength is already good, not to mention the existence of the China Banking Regulatory Commission. You know, insurance companies, no matter how powerful, dare not mess around in front of the CBRC. It's like "dad".
China Banking and Insurance Regulatory Commission not only conducts quarterly, semi-annual and annual reviews on major insurance companies, but also publishes its complaint data to the public from time to time. I wonder that the insurance company still dares to check the moths on the hour and wants the relevant departments to check them. China Life Insurance Company doesn't have the guts.
At the same time, in order to protect the legitimate rights and interests of consumers, even if the insurance company goes bankrupt, the CBRC can directly save the situation through a series of means such as capital injection and restructuring, which has no impact on the insurance contract in everyone's hands.
Generally speaking, as long as it is supervised by the CBRC, it is not necessarily a big insurance company or a small insurance company. As long as it is within the scope permitted by law, everyone need not worry.
3. What is the solvency level of China Life?
About solvency, it refers to the ability of insurance companies to repay corporate debts and customer policies.
Although the supervision of the CBRC is very strong, we basically don't have to worry that the insurance in our hands will be invalid after the bankruptcy of the insurance company. However, an insurance company's solvency is not strong, which is still worth considering. After all, if you are outstanding in this respect, the compensation for the insured will definitely be very decisive.
China Banking Regulatory Commission (CBRC) has put forward clear requirements for the solvency of insurance companies, that is, the core solvency adequacy ratio is not less than 50%, the comprehensive solvency adequacy ratio is not less than 100%, and the comprehensive risk rating reaches Grade B..
Only when the three indicators of an insurance company meet the above requirements can its solvency be affirmed. What is the solvency data of China Life? Where can you rank? Please click on the following link for details:
What are the top ten insurance companies with solvency in 2023? 》
2. What are the popular products of China Life? Is it reliable?
1. What are the advantages of China Life?
Generally speaking, every insurance company has insurance types that focus on development. For example, Zhongan insurance is more popular with millions of medical insurance, while Sunshine insurance has always been based on auto insurance.
After years of development, China Life has managed many types of insurance and is a rare all-around player. Among them, its performance in critical illness insurance and annuity insurance is relatively excellent, which is equivalent to its main insurance.
China Life spends a lot of effort on these insurance products every year. In order to meet the protection needs of different consumers, we constantly upgrade and optimize our products. For example, the payment of annuity insurance has been increased, the diseases of critical illness insurance have been increased, and medical services have been set up.
2. What are the popular products of China Life?
China Life Insurance is one of the best large insurance companies in China, and its insurance business is divided into critical illness insurance, medical insurance, annuity insurance and life insurance. What are the popular products of various types of insurance? Don't worry, senior. I will explain it to you.
From the aspect of critical illness insurance, we can know that there are some popular products such as Kangningbao, Love Worry-Free, Heart Worry-Free and China Life Insurance. Medical insurance such as e Kangyue, while annuity insurance provides Xinyu Niannian, Xinyu Jinsheng, Xinxiangfu and Xinyao Dongfang. Generally speaking, it is really rich.
So can these products really be started? Click on the link below to view the detailed evaluation of China Life's popular products compiled by Senior Sister Staying Up Late:
How about China Life? What products are there? 》
3. Tips that must be seen before buying!
I firmly believe that now everyone should have a deeper understanding of China Life. You should know that "one reason makes sense, and a hundred reasons make sense". When judging other insurance companies in the future, it is better to refer to the thinking of seniors.
However, when buying insurance, everyone considers not only how the insurance company is. Compared with the background strength of insurance companies, it is more important to consider whether this product meets their own needs.
For example, critical illness insurance, some critical illness insurance can be guaranteed for life, but some protection time is decades. Or maybe some products provide their own premium exemption, but some have to be added extra, which really makes everyone look complicated.
Therefore, if you want to buy suitable insurance, some things still need to be paid attention to in advance.
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
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I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
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