What about AIA?

How about AIA, is it worth buying, uncover the most real side of AIA:"How about AIA, is it worth buying, in-depth analysis".

1. AIA's development background

As early as 1919, AIA had come to China to seek development, in the middle of the abandonment of the mainland market for various reasons, and finally officially entered China in 1992, currently headquartered in Hong Kong, China, and in the same year in Shanghai set up a branch, from the time of view, it can be regarded as a century-old enterprise.

2. The only wholly foreign-owned insurance company in China

Since AIA was established very early, it successfully avoided the constraint that "the proportion of foreign capital shall not exceed 50% of the company's total share capital" and became the only wholly foreign-owned insurance company in China.

3. AIA solvency

Solvency refers to the ability of an insurance company to repay its debts, which is a basic indicator to measure its financial status.

The latest core solvency announced in 2020 is as high as high, which shows that the company is very well funded and does not have to worry about bankruptcy.

So apart from AIA, which other insurance companies are solvency compliant? You can read this:"The 2020 solvency ranking is newly released, who can [lose]".

Fourth, AIA insurance products are not worth buying

AIA has a comprehensive range of insurance products, including critical illness insurance, medical insurance, accident insurance, life insurance, annuity insurance, etc. Let's take a look at the image below:

Is AIA worth buying? It depends on the specific product, I will pick a product to briefly introduce it, and take AIA's current main critical illness insurance "Quanyou Privilege 2019" as the evaluation object:

Pros:

1.Adequate protection: 100 critical illnesses and 60 mild illnesses include high-incidence critical illnesses and high-incidence mild illnesses, as well as death and total disability benefits;

2.Flexible mixing: You can choose to add multiple claims for critical illness, multiple claims for cancer, and accidental injury protection.

Inadequate

1.The first two claims for mild illness have a low ratio, only 20% of the sum insured, which is not practical enough, and lacks moderate illness protection.

It is not cost-effective, the premium burden is heavy, and it is not suitable for working families to buy

In general, AIA's strength is still very good, but there is still a big gap compared with domestic first-line brands. Of course, you can't just look at the insurance company when buying insurance, in fact, the product itself is the most important, and it is best to compare more before buying:"Top 10 Popular Critical Illness Insurance Points Worth Buying!

Hope!

AIA is the largest foreign insurer in China in terms of market share every year, and this year's market share in Guangzhou surpassed Ping An and Life Insurance to become the No. 1 in the life insurance market. You can see this at once.

Here's my opinion.

I think there are three main points in choosing an insurance company, one is the investment trend of the company's investment team, and the level of dividends and investment income in the past ten years.

The second is whether the type of insurance is suitable for you. For example, many critical illness products on the market now only cover up to the age of 79, and once diagnosed as a critical illness, only the money for the critical illness is claimed and then the contract is terminated. Is there long-term care for the elderly, hospitalization allowance, these are very important, at least I think that if a person is really seriously ill, it is small to spend money on treatment, and it is even more expensive to eat a lot of nutritional products and so on.

There are very few lifetime guarantees on the market, and with the improvement of medical and health standards, more and more people live longer.

Hope it helps.

Now there are four major insurance companies in China, of which Life Insurance and PICC are state-owned, Ping An and Pacific are joint ventures, generally speaking, state-run insurance is not so cost-effective, but the protection is the highest.