I bought a traditional insurance policy, and I was afraid that what would happen if the company went

When I buy insurance, I worry about what will happen to the insurance I bought if the insurance company I bought goes bankrupt. In this interpretation of the collapse of insurance companies, you will find that your worries are unnecessary:Will Insurance Companies Go Bankrupt?

In the following, I will analyze whether the insurance company is prone to failure, and what to do with my own policy in case of failure.

One. Are insurance companies prone to failure?

Insurance companies are not prone to failure.

First of all, let's take a look at the conditions required for the establishment of an insurance company: the registered capital is not less than 200 million yuan; Shareholders have a good reputation and a clean industry background; And there is no lack of systematic corporate management mechanism. It is understandable that it is not an ordinary company that can be called an insurance company; Therefore, the conditions for the establishment of an insurance company determine that it is not easy to go bankrupt.

In addition, the China Banking and Insurance Regulatory Commission (CBIRC) has imposed strict regulatory measures on insurance companies. The China Banking and Insurance Regulatory Commission (CBIRC) is a state department; It constantly monitors aspects such as the claims situation and solvency of insurance companies; Monthly, quarterly, and annual reviews are all very strict.

In view of the claims that everyone is concerned about, in fact, there is no need to worry, after all, once the insurance contract is signed, the claim conditions will be protected by law, and there is no need to worry about not being able to settle the claim, we need to see the terms in the insurance contract; In order to let you better identify the pitfalls in the contract, I also rushed out of this article about the precautions in the contract, so you might as well take a closer look:"Dry Goods Article|Discern those pitfalls in the insurance contract! 》

Two. If it does go out of business, what about insurance?

To be honest, since the reform and opening up, at present, there are more than 160 insurance companies in our country, and there has been no bankruptcy of insurance companies. If we really can't avoid the problem of poor management, and the insurance company related to our policy is about to collapse, you don't have to worry, the state will help our policy not to be affected: our policy will still be given to other insurance companies that are willing to take over; If no insurance company does not come out to take over, the state will force an insurance company with strong state-owned assets to take over according to the actual situation.

Even if this extreme situation arises; The protection in the policy we purchased is still effective, so you don't need to be too anxious. Hope!

Article 89 of the Insurance Law stipulates that an insurance company shall be dissolved due to division or merger, or dissolved by resolution of the shareholders' meeting or the general meeting of shareholders, or if the reasons for dissolution specified in the articles of association of the company occur, it shall be dissolved after the approval of the insurance regulatory authority.

Insurance companies engaged in life insurance business shall not be dissolved except due to division, merger or revocation in accordance with law.

Life insurance companies are not allowed to go out of business.

Insurance companies are not allowed to go out of business. It can only be acquired by other insurance companies!

In fact, it is very difficult for an insurance company to fail. If it really goes bankrupt, according to the provisions of China's insurance law, the state will force a certain company to be a receiver, and the insurance contract that has been purchased will not be affected.

Will insurance companies fail? Will your policy become 1 piece of waste paper?

Ask if life insurance companies will fail.

Answer: Article 85 An insurance company shall be dissolved after approval by the insurance regulatory authority in the event of division, merger or dissolution due to the reasons specified in the articles of association of the company. The insurance company shall establish a liquidation team in accordance with the law to carry out liquidation.

Insurance companies engaged in life insurance business shall not be dissolved except for division or merger.

Article 85 of the Insurance Law stipulates that.

Q: Will the policy be paid if it goes bankrupt?

So that's all in the article. Are products issued by insurance companies through banks included in insurance products?

Any insurance company is subject to this regulation.

So don't worry about going out of business.

Does the question also include all products issued by insurance companies?

Question: Is the sale out or the sale stopped. But the company that has already sold the product still has the responsibility to continue to serve, right?

Legally binding.

The insurance company will go out of business, but after the insurance company fails, the insurance company that takes over will assume the insurance obligation and continue to follow the terms of the insurance policy.

According to Article 92 of the Insurance Law of the People's Republic of China, if an insurance company engaged in life insurance business is revoked or declared bankrupt in accordance with law, the life insurance contract and liability reserve held by it must be transferred to other insurance companies engaged in life insurance business; If the transfer agreement cannot be reached with other insurance companies, the insurance company designated by the insurance regulatory authority to operate life insurance business shall accept the transfer.

If the transfer or the insurance regulatory authority designates to accept the life insurance contract and liability reserve provided for in the preceding paragraph, the legitimate rights and interests of the insured and the beneficiary shall be safeguarded.

When you buy insurance, you are worried about whether the insurance company you bought is useless if the insurance company you bought goes bankrupt. I recommend that you read this article thoroughly, I believe it will dispel your doubts:Will Insurance Companies Go Bankrupt?

What about my policy? 》

I'm going to talk about whether insurance companies are really prone to failure. What should I do if I go out of business?

One. Are insurance companies prone to failure?

Insurance companies are not prone to failure.

Let's first take a look at the establishment conditions of an insurance company: the registered capital shall not be less than 200 million yuan; The reputation of the shareholders is good and the industry background is relatively clean; And it also needs a tight management mechanism. As you can see, not just any company can be an insurance company; Therefore, the conditions for the establishment of an insurance company determine that it is not easy to go bankrupt.

In addition, the China Banking and Insurance Regulatory Commission will also strictly supervise insurance companies. the China Banking and Insurance Regulatory Commission (CBIRC) with high authority; It regulates the claims and solvency of insurance companies, among other things; Monthly, quarterly, and annual reviews are never sloppy.

There are still many friends who are worried about the problem of claims, in fact, there is really no need to worry about this, after all, once the insurance contract is signed, the law will take effect. Don't worry about not being able to make a claim, we need to be able to read the terms and conditions in the insurance contract; In order to make you identify the pits in the contract, I have made a dry article about the pits in the insurance contract, let's take a look:How much do you know about these pitfalls in insurance contracts?

Two. If it does go out of business, what about insurance?

To be honest, since the reform and opening up, there are now more than 160 insurance companies in China, and there have been no cases of insurance company bankruptcy during this period. If in the end, because of poor management, the company that bought the insurance is facing the crisis of bankruptcy, you don't have to worry too much, the ** department will take over the matter: our policy will be transferred to other companies that are willing to accept mergers and acquisitions; If there is really no insurance company to take over, the state will also designate an insurance company to take over according to its strength.

Even if this kind of thing happens with a very low probability; You can rest assured that our protection is still protected

After buying insurance, what happens to my policy if the insurance company goes out of business?

What happens if the insurance company goes bankrupt after buying insurance?

When buying insurance, people will hesitate to do with the insurance they purchased if the insurance company unfortunately goes bankrupt. In this interpretation of the collapse of insurance companies, we will find that such concerns are superfluous: everyone says that insurance companies will not fail, is it true?

I'm going to talk about whether insurance companies are really prone to failure. What happens if the insurance company from which the policy was purchased goes out of business.

One. Are insurance companies prone to failure?

Insurance companies are not prone to failure.

Let's take a look at the basic conditions for the establishment of an insurance company: the registered capital is not less than 200 million yuan; Shareholders are in good standing and have a clean background; It is necessary to have a relatively strict management mechanism. As you can see, not just any company can be an insurance company; The conditions under which insurance is established have also become a key factor in its susceptibility to bankruptcy.

In addition, the China Banking and Insurance Regulatory Commission will also strictly supervise insurance companies. The China Banking and Insurance Regulatory Commission (CBIRC) is a department of the state and is authoritative; It has been monitoring the insurance company's claims and claims, etc.; Strictly supervise monthly, quarterly, and annual conditions.

Many small partners are worried about the settlement of claims, but there is no need to worry, after all, once the insurance contract is signed, the claims conditions in it will be protected by law. Don't worry about not being able to settle the claim, we must carefully read the terms of the contract; In order to let you identify the pits in the contract, I also rushed out overnight in this article about the precautions in the contract, let's take a look: identify the pits in the insurance contract!

Two. If it does go out of business, what about insurance?

To be honest, since the reform and opening up, our country has now developed to more than 160 insurance companies, and there have been no bankruptcies during this period. If it is really a business problem, and the insurance company where the policy you purchased is about to face bankruptcy, you don't have to worry, the ** department will take over the matter: our policy will still be transferred to other companies that are willing to accept mergers and acquisitions; If no insurance company does not come out to take over, the state will still force an insurance company with strong comprehensive strength to take over.

Even if this kind of thing happens with a very low probability; Our protection is still valid, so you don't have to worry too much.

Finally, I would like to share with you the latest solvency list of insurance companies, and it is clear at a glance whether insurance companies can afford to pay or not! In the latest solvency rankings in 2021, which company is the most compensable?

When you buy insurance, you will wonder if the insurance company has gone bankrupt and whether the insurance you bought is useless. In this interpretation of the collapse of insurance companies, you will find that your worries are unnecessary:If the insurance company fails, so will my policy?

Let's take a look at whether the insurance company is really prone to failure, and what to do if the insurance company where the policy is purchased fails.

One. Are insurance companies prone to failure?

Insurance companies are not prone to failure.

First of all, let's take a look at the establishment conditions of an insurance company: the registered capital is not less than 200 million yuan; Shareholders are in good standing and have a clean background; And there is no lack of systematic corporate management mechanism. It can be seen that not all companies can be an insurance company; The conditions under which insurance is established have also become a key factor in its susceptibility to bankruptcy.

In addition, the China Banking and Insurance Regulatory Commission strictly regulates insurance companies. As a state department, the CBIRC is authoritative; It constantly monitors aspects such as the claims situation and solvency of insurance companies; Strictly supervise monthly, quarterly, and annual conditions.

There are still many friends who are worried about the problem of claims, in fact, there is no need to worry about this aspect, because as long as the insurance contract is signed, then it will be protected by law. Don't worry about not being able to settle the claim, what we need to do is to read the contract carefully; In order to let you identify the pitfalls in the contract well, I will also help you sort out an article about the pitfalls in the insurance contract, you may wish to take a look:"Teach you to identify those pitfalls in the insurance contract!

Two. If it does go out of business, what about insurance?

To be honest, since the reform and opening up, there are now more than 160 insurance companies in China, and there have been no bankruptcy cases during this period. If it is really a bad operation and the insurance company where the policy is located is facing a crisis of bankruptcy, you don't have to worry, the state will come forward to solve the matter: our policy will be transferred to other companies that are willing to accept mergers and acquisitions; If no insurance company comes out to take over, the state will also force an insurance company with relatively strong strength to take over.

Even if this extreme situation really occurs; The policy we purchased is still valid, so you can rest assured

The insurance company went out of business, but the policy was still valid. First of all, no insurance company in China has ever failed; Secondly, in the event of bankruptcy, there may be two places for the insurance policy in our hands: an insurance company will take over; Arrange a strong insurance company to take over.

In short, the insurance policy in hand will continue to be in force, and the contract will be executed according to the original provisions.

Feel relieved! No! 1.

All insurers are required to pay insurance coverage**. 2.When an insurance company is established, it must withdraw 20% of the registered capital.

3.The Insurance Act stipulates that if an insurance company becomes bankrupt, its policy contract and liability reserve must be transferred to another insurance company, and our policy will be taken over by another insurance company

What happens if the insurance company goes out of business?

Many people buy the products of so-called large companies because they think that large companies will not go bankrupt and will not go bankrupt, while small companies will go bankrupt. Is that the truth?

First of all, because China has strict reviews of the establishment and operation of insurance companies, insurance companies generally do not go bankrupt easily (no insurance company in China has failed). Even if the insurance company fails, the policy will be passed on to another insurance company that is willing to take over. Even if no insurance company is willing to take over, the CBIRC will appoint a strong insurance company to take over the policy.

What happens if the insurance company goes bankrupt after buying insurance?