First of all, universal insurance is not a bank, but an insurance product represented by a bank. Secondly, I didn't see any news that the CIRC stopped selling universal insurance, which should be misinformed. There is only one announcement of the China Insurance Regulatory Commission: "The promotion of life insurance companies to stop selling products must stop.
. "It is also to protect the interests of consumers, and I don't trust to stop selling, fearing that consumers will blindly follow.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.