Senior, let's talk about the difference between Fude Life Insurance and Xinhua Life Insurance, and see which insurance company is stronger. Compare which company's products are more cost-effective?
First, the strength of Fude Life Life started.
Fude Life Insurance Co., Ltd. was established in 2002. It is a national life insurance company with professional headquarters in Shenzhen. Fude Life Life has a registered capital of1175.2 billion yuan, and its total assets have already exceeded 480 billion yuan. At present, it has set up 35 branches all over China, and has more than 1000 branches and their service outlets.
Looking at an insurance company, in addition to its background strength, we can also understand its solvency, in short, its ability to pay insurance premiums.
From the solvency report of 20021the fourth quarter, it can be clearly seen that the core solvency adequacy ratio of Fude Life Insurance is 87%, and the comprehensive solvency adequacy ratio is as high as 103%, but its comprehensive risk rating has not been publicized for several consecutive quarters.
The CBRC stipulates that the solvency of insurance companies must meet the following three standards: the core solvency adequacy ratio is not less than 50%; The comprehensive solvency adequacy ratio is not less than100%; The comprehensive risk rating is above Grade B..
In terms of core solvency adequacy ratio and comprehensive solvency adequacy ratio, Fude Life meets the standards of CBRC in terms of solvency.
This article deeply analyzes Fuld's life. Interested friends may wish to have a look:
Is Fude Life Insurance Reliable? After stripping off its ace product, I know ... "
Secondly, it reveals the background of Xinhua Life Insurance.
New china life insurance co Co., Ltd. was formally established on September 1996 with a registered capital of RMB 3100000. It is a state-owned listed life insurance company and an enterprise directly under China Investment Corporation. 20 1 1, Xinhua Life Insurance is listed on Shanghai Stock Exchange and Hong Kong Stock Exchange. 202 1 Xinhua Life's national sales and service network has been established for a long time, with about 1770 branches. The original insurance premium income exceeded160 billion yuan, and the total assets exceeded one trillion yuan. Fitch's financial strength rating "A" and Moody's "A2" rating have been obtained for many years.
Speaking of background strength, Xinhua Life Insurance has been established for a long time, with abundant registered capital, and its strength level is still very high. Let's take a look at its solvency.
According to the information provided by senior sister, in the first quarter report of 2022 released by Xinhua Life Insurance, its core solvency adequacy ratio reached 144. 19%, and its comprehensive solvency adequacy ratio was 239.67%. The comprehensive rating result of 2002/KLOC-0 in the third quarter was Grade A, and the comprehensive risk rating result in the fourth quarter was Grade A, and several data were far higher than the standards required by the CBRC. We can know that Xinhua Life's ability to pay insurance benefits is still worthy of our trust.
If you want to know more about Xinhua Life Insurance, you can look at this article found by Senior Sister:
"Xinhua life insurance, ok? The secrets of the company and products are all in this article! 》
3. Fude Life Life VS Xinhua Life, who is the real winner?
After the explanation, I believe that everyone has a general understanding of the two "players". Then, seniors will compare and analyze the company's background strength, solvency, superior insurance and popular products to see which is better.
1. Company background
From the background strength of the two companies, we can know that Xinhua Life Insurance and Fude Life Insurance can't tell who is better.
The registered capital of Xinhua Life Insurance is 3 1 100 million yuan, and that of Fude Life Insurance is1175.2 million yuan. Although the registered capital of Fude Life Insurance far exceeds that of Xinhua Life Insurance, Xinhua Life Insurance was established in 654,38+0,996. As far as the situation was concerned, the registered capital was relatively high, reaching 3 1 100 million yuan.
Now let's analyze the total assets of the two companies. The total assets of Fude Life Insurance are higher than 480 billion yuan, while the total assets of Xinhua Life Insurance exceed one trillion yuan. Xinhua Life Insurance is more prominent in this respect.
2. Solvency
Judging from the above solvency data, Fude Life's core solvency adequacy ratio and comprehensive solvency adequacy ratio have just passed the "passing line" stipulated by the CBRC, while Xinhua Life's three data performance is far better than the standards required by the CBRC.
On the whole, Xinhua Life's solvency is even brighter! The strength of paying insurance money is leverage!
3. Advantage insurance
Fude Sino-Life mainly covers critical illness insurance and annuity insurance. Jian Kang carefree critical illness insurance, orange guardian 1 critical illness insurance, Kangshun life critical illness insurance and Xin Wealth Annuity insurance are all popular insurance products of Fude Life Insurance!
Whole life insurance and annuity insurance of Xinhua Life Insurance performed better. It enjoys future life annuity insurance, whole life insurance, distinguished family and other products, and has been promoting the best-selling products.
As far as advantage insurance is concerned, it can be said that Xinhua Life Insurance and Fude Life Insurance have their own advantages, which are difficult to compete for a while.
4. Hot products
Finally, the seniors selected two products from two insurance companies for comparison. After all, whether an insurance company is excellent or not depends on its product strength.
Let's take a look at the product comparison chart first:
For example, the health care C6 contracted by Xinhua Life Insurance and the orange guardian 1 of Fude Life Insurance, let's take a look at the strength of the two kinds of critical illness insurance.
Comparing products who have more advantages depends on what the two guarantees are.
Critical care
Judging from the number of payments, Orange Guardian 1 paid 3 times for its serious illness and 2 times for its healthier C6. If a friend wants to buy multiple critical illness insurance, then orange guardian 1 is a better choice.
Then we will look at the compensation intensity of the two products. One of the highlights of orange guardian 1 is quite attractive to senior students: if the insured is unfortunately infected with a serious illness before the insurance policy 15 (excluding) and meets the claim conditions, the insurance company will pay 100% of the basic insurance premium as a special care fund for major diseases in addition to the original insurance premium, which is quite strong.
Even if Xinhua Health Worry-Free is guaranteed by child-specific disease care insurance, it is only an extra grant for specific children's diseases, which is more suitable for children to buy!
Safety of intermediate diseases
In terms of China's disease protection, both products pay for 20 diseases, twice as many times. However, it is worth noting that the proportion of compensation stipulated in Orange Guardian 1 is 60% of the insured amount, which is higher than that of Healthy C6. Under the same circumstances, the higher the proportion of compensation, the higher the amount of insurance money you can get! So orange guardian 1 is still slightly better in this respect.
Minor illness protection
Similarly, there is no difference between the two products in the category of minor illness protection and the number of payments, but the proportion of payment for minor illness in Healthy and Worry-Free C6 is 20% for the first time, 25% for the second time, and 30% for the third to fifth time. However, the orange guardian 1 pays up to 30% each time. So orange guardian 1 is better in this respect.
Death protection
Senior sister makes case analysis and comparison for friends. If the insured dies at the age of 16, the premium paid can be paid if C6 critical illness insurance has been purchased. If you buy orange guardian 1, the insurance company that paid the premium will pay 300%. Orange Guardian 1 has special treatment for 18 who died before he was one year old.
Other guarantees
Health free C6 also includes the insured's protection exemption, children's special disease care insurance, adult's special disease accidental injury or death care insurance, etc. However, Orange Guardian 1 includes the special care fund for serious illness and light illness, the insured's exemption, the insurance fund for specific benign tumor surgery, and other optional guarantees, such as the applicant's exemption, the second payment insurance fund for specific serious illness, and the insurance fund for specific serious illness and disability of the elderly.
Both products have rich insurance coverage, but compared with these two insurances, Orange Guardian 1 has more coverage, providing consumers with more optional protection, which can be directly provided to people with different insurance needs, and the choice is more flexible and free.
If you want to know more about critical illness insurance, you can't miss this article:
"Top Ten Hot Critical Illness Insurance Inventory Worth Buying! 》
From the above, Fude Life Insurance and Xinhua Life Insurance are legal and formal insurance companies, and both Fude Life Insurance and Xinhua Life Insurance are very strong. However, it is worth noting that when choosing insurance, we can't just look at the reliability and strength of the insurance company. What we should pay more attention to is whether the products we choose can meet the needs of the insured. To tell the truth, the same insurance company has good and bad insurance products.
For example, the two kinds of critical illness insurance we analyzed today, even if we understand from all aspects that the protection content of Orange Guardian 1 is slightly better than that of Healthy C6, does not mean that all products under Xinhua Life Insurance are not as good as Fude Life Insurance!
Therefore, you should combine your own actual situation and clearly understand the contents of insurance clauses in order to choose the insurance products that are most suitable for your own situation.
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
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