For this matter, many people laughed it off after reading it, but some people panicked. Friends who bought Anbang Insurance are anxious to ask Xiao Xin these two days. Anbang was dissolved. What should I do with my insurance policy? Will it be insured and will it be settled?
Xiao Xin can clearly tell everyone: No! Although Anbang Group is dissolved, your insurance policy is completely unaffected. Let me tell you about this!
As early as 20 18 when anbang was in full swing, the CBRC made a sudden move and gave the official answer:
Therefore, when Anbang violates laws and regulations, which may seriously endanger the company's solvency, the CBRC will take over Anbang according to the Insurance Law.
On July 20 19, China Banking Regulatory Commission announced the establishment of Renren Insurance Group Co., Ltd. Subsequently, Renren Insurance took over the equity of Anbang Life Insurance, Anbang Pension and Anbang Asset Management, and will set up Renren Property Insurance to take over some insurance businesses, assets and liabilities of Anbang Property Insurance. At the same time, Anbang also transferred 100% of the shares of Harmony Health, which was taken over by five new companies including Fu Jia Group.
It can be seen that although Anbang Group is currently dissolved and liquidated, its related businesses have already found a good home for their business. All insurance policies are unaffected. At present, Anbang Group has only an empty shell left, and dissolution and liquidation is only a process.
According to Article 90 of the Insurance Law, it is true that insurance companies can apply for dissolution and liquidation under supervision! But it doesn't mean that our insurance policy will be affected. Because, although the insurance company can be dissolved and liquidated, the corresponding insurance business will be transferred to other insurance companies.
Many people will worry, what if the insurance business is not transferred? Xiao Xin can tell everyone exactly: impossible! There are clear provisions in the Insurance Law.
Although there is a fallacy in the saying that an insurance company can't go bankrupt, the following sentence: Even if an insurance company really goes bankrupt, you don't have to worry about the interests of customers, which is really accurate.
To put it simply, if the insurance company goes bankrupt, there are generally two places for the insurance we buy:
Therefore, you don't have to worry that your insurance policy will be greatly affected by the bankruptcy of the insurance company. The state will arrange it, because there are clear provisions in the law!
Moreover, even if it is not completely taken over, I tell you that the insurance company still has the insurance protection fund as the bottom. This is the beginning of the establishment of an insurance company, and it is necessary to pay a reserve to the CBRC. If the insurance company really can't do it anymore, the CBRC can use this money to settle accounts with all customers of the insurance company. Of course, the reserve fund is not static. As the insurance companies get bigger and bigger, the premiums will increase, and this fund will increase.
This fund can choose to deal with the risks of risky insurance companies, or it can choose to rescue policy holders. Of course, saving the interests of the insured is extreme, and it will only happen when systemic risks occur. How much will ordinary people lose in this most extreme situation? Non-life insurance policy, all assistance within 50 thousand yuan; More than 50 thousand yuan, 90% assistance; For life insurance policies, the amount of assistance should be limited to 90% of the transferred benefits.
Therefore, insurance companies, like banks, are regulated by the government. Even if there is a risk of bankruptcy, the insurance benefits of customers can basically be realized.
Just like this Anbang, the business has basically been transferred, and the financial insurance has also been transferred. Even if some of them have not been transferred, they have all been handed in!
After the dissolution of Anbang, many people are more aware that small insurance companies are unreliable and prone to bankruptcy. It's best to buy products from big insurance companies.
Not to mention, in the insurance history of China, Anbang is not the first insurance company to apply for dissolution. There is also an insurance company in history called Guo Xin Life Insurance, which was cancelled due to illegal operation and constant scandals, and became the shortest-lived insurance company in China.
You know, to set up an insurance company, capital and ability are abundant!
According to Article 68 of the Insurance Law:
To put it simply, the establishment of a new insurance company should have the following strengths:
1. Rich: According to Article 68 of the Insurance Law, the net asset contribution cannot be less than 200 million, but the actual contribution is mostly in the tens of billions;
2. Shareholders have strength: it is not enough to have money. The major shareholder of an insurance company must have strength and good reputation. He has no record of major violations of laws and regulations in the last three years, and is willing to struggle in the insurance industry for life, without the attitude of profiteering and making quick money;
3. Having a set of operating systems that meet the requirements: The company has a set of reasonable and compliant corporate systems, and directors, supervisors and senior managers with professional knowledge and business experience.
Therefore, as long as you look at these three strength regulations, you can see how difficult it is to set up a new insurance company! Anbang Insurance, established in 2004, had a registered capital of over 60 billion in 20 14 years, which was the highest in the industry at that time. Do you dare to say that it is not strong?
Moreover, insurance companies can't be opened casually, and they must obtain business licenses, and insurance licenses are indeed scarce resources in China.
There are more than 100 companies in China Banking and Insurance Regulatory Commission, China, waiting in line for license approval, while China Banking and Insurance Regulatory Commission, China is also very cautious about new insurance companies, and it often takes more than two years to wait for real approval.
In addition to a hard-to-find "brand", the CBRC has strict requirements on the net assets, paid-in registered capital and company structure of major shareholders of insurance companies, and will strictly supervise the use of funds, solvency and reinsurance mechanism.
The CBRC has strict supervision and risk warning for insurance companies. Insurance companies will be ordered to rectify once there is operational risk or risk threat to users until the effect meets the supervision!
According to Article 84 of Chapter III of People's Republic of China (PRC) Insurance Law, "an insurance company engaged in life insurance business shall not be dissolved except for division or merger." Simply put, the state will not allow you to close down an insurance company with life insurance business, as long as there is no chaos!
If Anbang didn't mess around later (violating business practices and seriously endangering its solvency), there would be no liquidation result. In short, every insurance company has both financial resources and strength, and with strict supervision mechanism, insurance companies will not go bankrupt easily.
Even if some insurance companies are on the verge of bankruptcy, with the help of the insurance protection fund, they can get rid of the crisis smoothly, such as Xinhua Life Insurance and China United Insurance.
Therefore, for our users, these are not what we should consider. After all, there are laws and CBRC to help us supervise and cover the bottom. What we have to do is to choose the right insurance products, instead of just focusing on large and small insurance companies! ,
For the friend who met Anbang's dissolution this time, the insurance policy has been transferred to PICC, and the insurance policy is still valid. However, Xiao Xin suggested that the contact person should keep the insurance policy to prevent it from being omitted as an orphan.
Let's call it a day. I still have a few words to tell you:
Regarding health insurance, especially critical illness insurance, people will have many problems in the purchase process.
For example: Is this product good? Does it suit me? Is this disease guaranteed? Can I buy it? Are there any restrictions? Wait for questions.
Regarding death protection, especially life insurance, there will be many problems in the purchase process.
For example: who should I buy it for? Who should I not buy it for? How much to buy? What's the maximum limit? What product is the most suitable? Wait for questions.
If you have any questions about insurance, you can write privately to Xiao Xin and Xinzhan Insurance Network, and Xiao Xin will answer them immediately.