Is Xinhua Insurance better than Pacific Insurance

New China Insurance and Pacific Life Insurance are both formal insurance companies and are also well-known in China.

1.New China Insurance.

Founded in September 1996, New China Insurance is a national professional life insurance company approved by the People's Bank of China. It has a registered capital of RMB 3,119,546,600, which shows that its background and financial resources are good.

Let's take a look at the solvency indicators that everyone is concerned about, according to the solvency report for the first quarter of 2022 disclosed on the official website of New China Life, its core solvency adequacy ratio is a comprehensive solvency adequacy ratio, and the latest comprehensive risk rating result is A. All the data met the solvency standards stipulated by the China Banking and Insurance Regulatory Commission. You can rest assured.

2.Pacific Life.

Pacific Life was established in November 2001 with a registered capital of RMB 100 million.

It is a professional life insurance subsidiary of China Pacific Insurance (Group) Co., Ltd., which has grown rapidly since its establishment. In 2021, Pacific Life achieved insurance business income of 200 million yuan and total assets of 1.6 billion yuan. Operating profit of 100 million yuan.

In terms of solvency, it has a core solvency adequacy ratio of 147%, a comprehensive solvency adequacy ratio of 247%, and a comprehensive risk rating of A in the latest period (data** from Pacific Life's Q1 2022 solvency report), which also meets the relevant standards set by the China Banking and Insurance Regulatory Commission. For more Pacific Life analysis, see below: How is Pacific Insurance, is it reliable, and what are the precautions?

It can be found that Xinhua Insurance and Pacific Life Insurance are both insurance companies with strong financial resources and reliable backgrounds, and there is not much difference between the superior and the inferior. You should still focus on product selection. The senior sister compared the products of these two companies, you can take a look:

Which is stronger Pacific Life PK Xinhua Insurance? Comparison of large and small insurance companies, don't look at your losses!

Xinhua Insurance and Pacific Insurance are both reliable and strong insurance companies, each with its own advantages, and it cannot be said which company is better than the other.

And when you buy insurance, you don't have to care too much about which insurance company is better, after all, when you go out of insurance, you will be based on the protection content of the product, etc., not to say which insurance company is better, and you will pay more.

According to the 2015 Forbes China Insurance Company Rankings, the top five companies in China's insurance industry are Ping An, Chinese Life, Pacific Insurance, Chinese Insurance and Xinhua Insurance. Pacific Insurance Company is better than Xinhua Insurance Company.

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

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