Is Livelihood Insurance Real? Is Minsheng Insurance Company reliable?

Minsheng Insurance, the full name of Minsheng Life Insurance Co., Ltd., was established in June 2003, and currently has dual headquarters in Beijing and Shanghai, Minsheng Insurance is mainly engaged in life insurance business, including life insurance, health insurance, accident insurance, annuity insurance, etc.

1. The development status of Minsheng Life Insurance

As of the end of December 2018, Minsheng Insurance Company had 25 branches and nearly 800 service outlets across the country. At the end of 2018, Minsheng Life achieved a primary insurance premium income of more than 11.5 billion yuan, achieving profitability for 9 consecutive years.

Although there is still a big gap compared with first-tier insurance companies such as China Life, Ping An, and Pacific, the company itself is not weak, its development is stable, and its prospects are considerable.

2. Solvency of people's livelihood insurance

Solvency is a basic indicator of an insurance company's financial health, representing the insurer's ability to repay its debts, and the higher the solvency, the less likely the insurer is to fail.

It can be seen that the comprehensive solvency of Minsheng Insurance is 268%, and the comprehensive risk rating is A, far exceeding the passing line set by the China Banking and Insurance Regulatory Commission, and the performance is excellent. What other insurance companies have relatively high solvency? I've sorted it out hereWhich of the top 10 insurers in solvency in 2020 is better?

3. How about Minsheng Life's products

Minsheng Insurance is mainly engaged in life insurance, critical illness insurance, medical insurance, accident insurance and other types of life insurance. The more popular products can be seen in this table:

So what exactly is its product like?

I'll just briefly review its two critical illness insurances and take a look at the product content:

Ruyi Xinkang: This is a critical illness insurance that pays for critical illness, but not only is the critical illness divided into 3 groups, but the mild illness is also divided into 3 groups, which is a big difference with the same level of products, and the high incidence of atypical myocardial infarction requires the implementation of coronary intervention surgery to compensate, if it is other ** means, such as common minimally invasive coronary artery bypass, it cannot be compensated.

Ruyi Junkang: It mainly covers critical illness, mild illness, and death, lacks moderate illness protection, and the coverage of mild diseases is not comprehensive, and it is expensive.

These two main critical illness insurance are not very good, and there are other products on the market that are more cost-effective and more comprehensive, you can take a look at what I have sorted out"Top 10 Popular Critical Illness Insurance Points Worth Buying! 》

People's livelihood insurance is not a lie. Founded in 2002 and headquartered in Beijing, Minsheng Life Insurance Co., Ltd. is one of the national insurance companies directly managed by the China Insurance Regulatory Commission.

Introduction to Minsheng Insurance:

Minsheng Life Insurance Co., Ltd. (hereinafter referred to as "Minsheng Insurance") was officially opened in 2003 with a registered capital of 6 billion yuan. The company's business scope includes life insurance, health insurance, accident insurance, reinsurance business and capital utilization business of the above insurance business.

From the following three aspects, people's livelihood insurance is still reliable.

In order to facilitate your comparison, we have compiled the latest ranking of insurance companies, and the best insurance companies in China are here"China Insurance Company Ranking! Which company should I choose to buy insurance? 》

1. Analysis of the strength of Minsheng Insurance

Minsheng Insurance was established in 2003 and is headquartered in Beijing with a registered capital of 6 billion yuan. As early as 2014, the total assets of the insurance company exceeded 50 billion yuan, and the insurance products were in full bloom and developing rapidly. It is reported that at present, Minsheng Insurance has opened 25 branches.

From the perspective of Minsheng Insurance's own strength, this insurance company has developed rapidly and is still good.

2. Analysis of livelihood insurance products

Minsheng insurance is mainly based on life insurance products, covering health insurance, accident insurance, annuity insurance and other types of insurance, and has developed into a set of increasingly perfect product system, and in order to provide users with a wealth of insurance products, Minsheng Insurance has also opened up a variety of product sales channels, the more common sales channels are personal channels, silver and mail channels and online sales channels.

From the perspective of Minsheng Insurance's insurance products, the insurance company has a wealth of insurance products, and can continuously launch new insurance products according to the needs of users, and the reputation and sales of the products are good, which can stand the test of the market and users.

3. Analysis of the solvency of people's livelihood insurance

To determine whether an insurance company is reliable, it is also necessary to pay attention to the solvency of the insurance company. According to the official solvency report of Minsheng Insurance in the first quarter of 2020, as of March 31, 2020, the comprehensive solvency adequacy ratio of Minsheng Insurance was 268%, and the core solvency adequacy ratio was 268%, and the solvency adequacy ratio has met the regulatory requirements, and the comprehensive risk rating result in the fourth quarter of 2019 was Class A.

From the perspective of solvency, Minsheng Insurance has sufficient solvency and can provide timely and thoughtful claims settlement services for its users, and the claims are guaranteed and trustworthy.

Mint Insurance is a third-party insurance service platform, which can provide users with a variety of services such as policy diagnosis services, 1-to-1 consultation protection services, and customized protection plans.

Minsheng Life Insurance Company is strong and reliable, and it is also relatively high in the ranking of China's top ten insurance companies, for the specific ranking, you can see this article: "2020 Top Ten Ranking of Chinese Insurance Companies, Have You Heard?" 》

1. Compensation strength and solvency.

Minsheng Life Insurance has a loss ratio of 99% in terms of compensation and good after-sales service.

And in solvency.

The China Banking and Insurance Regulatory Commission stipulates that solvency must meet three conditions:

1.The core solvency adequacy ratio of the insurance company shall not be less than 50%;

2.The comprehensive solvency adequacy ratio shall not be less than 100%;

3.The overall risk rating is B or above.

Minsheng Life has a comprehensive solvency ratio of 307% and a risk rating of A

In our words, it's a very strong insurance company.

2. Will the insurance company go bankrupt and go bankrupt?

If you are strong, you won't go out of business? Daddy will tell you again.

Some people believe that even if all the banks fail, not a single insurance company fails. In a sense, there is some truth to this.

If an insurance company has a business crisis and the insurance company may face "bankruptcy", the CBIRC will stand up and improve the operating conditions of the insurance company through various ways to protect the rights and interests of insurance buyers.

3. Summary. To sum up, Minsheng Life Insurance is a strong company on the whole, and even if it goes bankrupt, we don't need to worry, and we can rest assured that we can purchase products. Here you can get the most suitable insurance plan for you [click to receive - free insurance plan customization].

People's livelihood insurance is not a lie. Founded in 2002 and headquartered in Beijing, Minsheng Life Insurance Co., Ltd. is one of the national insurance companies directly managed by the China Insurance Regulatory Commission.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Minsheng Insurance Company is a regular company. Minsheng Insurance Company has 23 provincial-level branches and more than 600 branches, basically forming a nationwide service network layout.

Minsheng Insurance emphasizes the talent management concept of attaching equal importance to professional ability and professional ethics, advocates a pragmatic and efficient work style, a modest and self-disciplined attitude, and wholeheartedly provides sincere, convenient and humanized services for our customers. Minsheng Insurance gives full play to the three functions of insurance economic compensation, financial integration and social management, and explores the establishment of a business model that combines its own growth and contribution to society.

Minsheng Insurance adheres to the principle that protection is the essence of life insurance, and has successively developed various types of life insurance, health insurance, accident insurance and annuity insurance, forming a set of increasingly perfect product systems, which not only provides customers with comprehensive and professional protection, but also shoulders a responsibility for the stability of society and family.

First of all, Minsheng Insurance is a national insurance company approved by the China Banking and Insurance Regulatory Commission, so it belongs to a formal insurance company, and you can rest assured.

Minsheng Insurance has a registered capital of 6 billion yuan, headquartered in Shanghai, and officially opened on June 18, 2003. At present, Minsheng Insurance has set up 26 branches and nearly 700 service outlets nationwide, with nearly 40,000 high-quality professionals and more than 8.5 million users. From the perspective of the company's scale, the strength of Minsheng Insurance is still very strong.

If you want to have an in-depth understanding of the development background of Minsheng Insurance, please move to this article: What is the strength of Minsheng Insurance Company? Can you buy these hot products?

However, we want to know whether people's livelihood insurance is reliable or not, and we have to look at its solvency level. If you don't know how to judge an insurance company, you can read this article first: When we are looking at an insurance company, what do we want to see?

According to Minsheng Insurance's solvency report for the fourth quarter of 2022, as of the end of the fourth quarter of 2022, Minsheng Insurance's core solvency adequacy ratio was 191%, its comprehensive solvency adequacy ratio was 260%, and its latest risk rating was BBB.

The China Banking and Insurance Regulatory Commission stipulates that the core solvency adequacy ratio shall not be less than 50%, the comprehensive solvency adequacy ratio shall not be less than 100%, and the comprehensive risk rating shall be at or above Class B in order to be considered to have reached the standard. It can be seen that the data of Minsheng Insurance is in line with the standards of the China Banking and Insurance Regulatory Commission and is trustworthy!

If you want to know where the solvency of Minsheng Insurance is among many insurance companies, you can take a look at this solvency ranking: the solvency ranking list of the most complete insurance companies in 2022!

Summary. Dear, I'm glad to answer for you, Minsheng Insurance Company is regular. It must be regular.

Minsheng Insurance was established in 2003, the full name of Minsheng Life Insurance Co., Ltd., currently opened 25 branches across the country, with more than 800 service outlets, the main products cover life insurance, annuity insurance, health insurance, accident insurance and other types, it is still quite strong from the perspective of premium income.

Dear, I'm glad to answer for you, Minsheng Insurance Company is regular. It must be regular. Minsheng Insurance was established in 2003, the full name of Minsheng Life Insurance Co., Ltd., currently has 25 branches across the country, with more than 800 service outlets, the main products cover life insurance such as insurance, annuity insurance, health insurance, accident insurance and other types, from the perspective of premium income it is still quite strong.

Minsheng Insurance Sakura Company is a share of Minsheng Life Insurance. The company's business scope includes life insurance, health insurance, accident insurance, reinsurance business and capital utilization of the above insurance business, with the corporate vision of "creating a respected company", serving the people and serving the life of the company as the corporate mission, pursuing altruism, symbiosis, co-creation and sharing of common prosperity.

First, Minsheng Insurance Company is reliable; Second, Minsheng Insurance Company is also a national insurance company approved by the China Banking and Insurance Regulatory Commission.

In order to let you know more about Minsheng Insurance Company, the following senior sister will give you a brief introduction to this insurance company.

Minsheng Insurance Company, the full name of Minsheng Life Insurance Co., Ltd., was officially opened on June 18, 2003, with a registered capital of 6 billion yuan and headquartered in Shanghai.

In addition, Minsheng Insurance Company has set up 26 branches and nearly 700 service outlets nationwide, with nearly 20,000 service team members and more than 8.5 million service users.

It is worth mentioning that throughout 2022, Minsheng Insurance Company's comprehensive strength has steadily improved, achieving insurance business income of 100 million yuan and net profit of 100 million yuan.

What is the strength of Minsheng Insurance Company? Can you buy these hot products?

When it comes to insurance companies, solvency has to be mentioned, and this data is the data of the insurance company's ability to repay debts more intuitively by ordinary consumers.

For this data, the China Banking and Insurance Regulatory Commission also has corresponding requirements: 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 is B or above.

According to the disclosure of Minsheng Insurance Company, the core solvency adequacy ratio was 191% and the comprehensive solvency adequacy ratio was 260% in the fourth quarter of 2022, and the latest risk rating was BBB.

It can be seen from the comparison that the solvency of Minsheng Insurance Company is up to standard.

When we look at insurance companies, what exactly do we look at? Hope.

Summary. Dear, Minsheng Insurance Company is a regular company!

Dear, Minsheng Insurance Company is a regular company!

The full name of Minsheng Insurance Company is Minsheng Life Insurance Co., Ltd., which is an insurance company with a history of more than ten years. Minsheng Insurance was founded in 2003, and in 2014, the total assets of the insurance company exceeded 50 billion yuan. Every day, it provides high-quality insurance services and insurance protection for its users, and forms a one-stop service system for the entire insurance company from insurance product development and research to insurance application.

Minsheng Life Insurance Co., Ltd. (hereinafter referred to as "Minsheng Insurance") was officially opened on June 18, 2003, with a registered capital of 6 billion yuan, headquartered in Shanghai, and has established an institutional service network covering key provinces and cities across the country, with 26 branches, nearly 700 service outlets, nearly 40,000 high-quality professionals, and a total of more than 8.5 million service users. By the end of 2020, the company's comprehensive strength had steadily improved, achieving original insurance premium income of 12.5 billion yuan and total assets of 115.3 billion yuan, making profits for 11 consecutive years.

The company's institutional service network has now covered key provinces and cities across the country, with 26 branches and nearly 40,000 high-quality professionals, and is committed to providing high-quality insurance products and services for a wider range of users; The national unified customer service hotline (95596) is professional and efficient, providing users with insurance consultation and claim reporting services around the clock.

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