Senior, let's talk about the difference between Xinhua Life Insurance and Taikang Life Insurance, and see which insurance company is stronger. Compare which company's products are more cost-effective?
Before starting the analysis, what is the standard to judge when you can know the insurance company first and then look at it?
"What should we pay attention to when we pay attention to insurance companies? 》
First, Xinhua Life Insurance pk Taikang Life Insurance, who is stronger?
1. Company strength competition
"Xinhua Life Insurance" is the abbreviation of new china life insurance co Limited, a large life insurance company, which was formally established in Beijing in September. 1996.
New China Life realized premium income of 1595. 1 1 100 million yuan and operating income of 206.538 billion yuan. It has entered the Fortune China and Forbes Double 500 for many years, with total assets reaching 1004376 million yuan.
Xinhua Life Insurance has a sales network all over the country, with a large number of personnel, including 36,309 backstage staff and 606,000 sales staff. Whether it is an individual customer of 3320.5 or an institutional customer of 88000, we will provide very comprehensive life insurance services and product quality as much as possible.
"Taikang Life Insurance" is the abbreviation of Taikang Insurance Group Co., Ltd., and 1996 left its 0-year-old mark in Beijing.
After more than 20 years' efforts, young Taikang's assets of more than 2.2 trillion yuan have become the cornerstone of people's compulsory insurance. Pensions alone have reached 520 billion, which requires scale operation. The number of customers served reached 356 million, and more than 420,000 corporate customers chose to trust Taikang. There are many Taikang homes, 22 pension communities and 5 medical centers in China.
Taikang Insurance Group has been on the Fortune Global 500 list for three consecutive years, ranking 424th, while China Top 500 ranked 104.
Generally speaking, the strength of Xinhua Life Insurance and Taikang Life Insurance are both super-strong, but the assets of Xinhua Life Insurance are not as large as Taikang Life Insurance.
2. Solvency competition
Solvency is actually the agreed insurance amount and whether the insurance company can bear it when making claims.
To meet the standard of solvency, three conditions must be met at the same time:
The core solvency adequacy ratio is above 50%;
The comprehensive solvency adequacy ratio is above 100%;
The comprehensive risk rating is above Grade B..
In 2022, the annual information disclosure reports of these two companies were obtained. The risk rating of Xinhua Life Insurance Company is A, and that of Taikang Life Insurance Company is A, too.
Let's look at the solvency data.
Solvency information of New China Life in the third quarter of 2022:
Solvency information of Taikang Life Insurance in the third quarter of 2022:
From the chart, there is little difference between the two types of insurance, but the solvency of Taikang Life Insurance is a few percentage points lower than that of Xinhua Life Insurance.
To tell the truth, the comprehensive strength of the two is still very good, so don't worry about whether they can afford it.
The above are two common criteria for senior students to choose and compare Xinhua Life Insurance and Taikang Life Insurance. The length is limited. If friends want to know more about the comparison between the two companies, then I suggest you look at the expert's explanation:
"Xinhua Life Insurance and Taikang Life Insurance, which is stronger? You will know after reading this article! 》
Through two fierce battles, I learned that Xinhua Life Insurance and Taikang Life Insurance are both very powerful.
Are the products of those two companies equally excellent? Don't jump to conclusions!
The most important thing for everyone is to buy products that suit them, not the strength of insurance companies. There is nothing to link whether the product is suitable for you.
Second, Xinhua Life Insurance competes with Taikang Life Insurance's ace products!
Senior sister chose the trump card of critical illness insurance of two companies-Health Worry-Free C6 of Xinhua Life Insurance and Lexiang Health 202 1 of Taikang Life Insurance for comparative analysis.
The safety comparison diagram shows more contents, as follows:
Two kinds of critical illness insurance products, both insurance rules and protection contents, have begun to make specific analysis.
1. Insurance rules big pk
Health-free C6 and enjoying health 202 1 are life-long critical illness insurance.
From the insurance age range, the upper limit of the former is 60 years old, and the upper limit of the latter is 70 years old when choosing insurance. After comparison, it is found that Lexiang Health 202 1 will have a wider insurance coverage, and the elderly are more inclined to this.
In terms of payment years, the longest payment years of Healthy C6 and Lexiang Healthy 202 1 are the best 30 years of critical illness insurance in the market at present, and they are equally divided in this game.
It is worth noting that the waiting period of these two products is as long as 180 days, compared with the best 90 days on the market, in contrast, our consumers need to bear more risks, 90 days is terrible.
2. The content of the guarantee dispute
With regard to the protection of serious illness, moderate illness and mild illness, C6 and 202 1 are both single payment for serious illness insurance.
Although Health Insurance C6 can pay twice in the case of China's disease, the payment ratio is the same as Lexiang Health 202 1, and 50% of the insured amount is paid in the case of China's disease.
The proportion of unexpired critical illness insurance in the market can reach 60% of the insured amount. If the insurance coverage is 500,000 yuan, these two products will lose 50,000 yuan less than other products when they are out of danger.
What's more, the protection of Health C6 and Happy Health 202 1 in other aspects is really pitiful. Extra compensation for special age and secondary compensation for high incidence and serious illness are often available, but there is no protection at all. I have to say that this is really ignored.
To sum up, the protection of these two types of critical illness insurance does not have many bright spots, and its practicality is also very poor.
Open your mouth, you can compare ten cost-effective products put together by your senior sister:
Ten cheap and excellent critical illness insurance inventory! 》
Third, summary.
Generally speaking, Taikang Life Insurance and Xinhua Life Insurance have good scale and solvency, but their ace products are somewhat poor.
So when you buy insurance, you don't need to stare at the insurance company all the time. The most important reason is that the strength of an insurance company has little to do with whether its products are worth buying.
As a consumer, whether an insurance product is worth buying depends on whether the product itself is good enough.
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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