Is there any protection for buying insurance in Chinese Life

Is Chinese life reliable, and what products are worth buying? Send you a good article on dry goods:"Chinese Life, Are Big Companies Really Reliable?" Take you to understand the other side of it".

Chinese Life, like other insurance companies, is strictly regulated by the China Banking and Insurance Regulatory Commission, so it is absolutely reliable. But buying insurance must be cautious, a comprehensive evaluation is essential, let's look at the comprehensive analysis of Chinese's life together:

Founded in Beijing on October 20, 1949, Chinese Life is a state-owned super-large financial and insurance enterprise and one of the four major central enterprises.

First, the strength of Chinese Life Company

Latest registered capital:28.2 billion

2019 Fortune Global 500,Chinese Life Insurance ranked 51st

Chinese Life's total life insurance premium income in 2019 was 100 million yuan, the highest premium income in the country.

In general,Chinese Life has abundant funds, high national recognition, firmly sit in the position of the big brother of the domestic insurance industry!

2. Introduction to solvency

Solvency refers to an insurance company's ability to repay its debts and can be used to measure the financial health of an insurance company.

The latest core solvency report is a composite solvency adequacy ratio of:The comprehensive risk rating was A, far exceeding the passing mark set by the China Banking and Insurance Regulatory Commission, and the performance was excellent. In addition to Chinese Life, let's take a look at what are the companies with high solvency in 2020:

Solvency Rankings|In 2020, which insurance company can "pay" the most? 》

Third, which products of Chinese life are cost-effective

Chinese Life's main business is life insurance and property insurance, the specific types of insurance include critical illness insurance, medical insurance, accident insurance, life insurance, annuity insurance, car insurance, home insurance, etc., the more popular products are: China Life Fu series, Corning series, Fulu Xinzun, etc., look at the following picture:

The insurance value of Chinese Life is not worth buying, it depends on the specific product, taking its popular critical illness insurance "China Life Welfare Series" as an example, although the protection is sufficient, but the cost performance is low, click here to learn more:

"It is said on the Internet that the national life blessing of Chinese life is not good, is it true? 》

And many people want to know about China Life's annuity insurance [Fu Lu Xinzun], then you can read this:"Fu Lu Xinzun, who everyone robbed like crazy back then, why do so many people say pit now? 》Hope!

As long as it is insurance, it will be guaranteed, whether it is car insurance, financial insurance or life insurance, there is no protection, not to mention insurance, which is stipulated by the Insurance Law, just depending on the amount of protection! And the insurance company will issue you an insurance contract, and there will definitely be protection, but it is recommended to clarify the protection responsibilities and interests when applying for insurance, and be sure to ask clearly, so as not to cause unpleasant things to happen when making a claim!

Chinese Shouqi, formerly the only state-owned insurance company in China, has now become China's largest joint-stock insurance company, with a history of more than 50 years, and the company's strength and history are beyond doubt! According to you, the two types of insurance are not bad, just save a sum of money for the child in the insurance company every year, and withdraw the money in the current period!

Buying insurance depends on your needs, not whether the insurance is good or not.

Simple example: everyone knows that BMW cars are very good, but the question is do you have the money to spend? Is it something you like?

Before you buy, you can think about a few questions:

Who will be reimbursed for my medical treatment? Who will be reimbursed by my critical illness insurance? How do you care for your old age?

How will my child's education** be arranged? What to do when the unexpected strikes???

At the end of the day, what do you want to find out about your life that you want insurance to solve?

Once you know it, you know what insurance to buy.

When choosing a product, you can refer to the products of several insurance companies. Shop around and don't lose.

Chinese Life Property Insurance Co., Ltd. **** is a legally established insurance company, supervised by the China Banking and Insurance Regulatory Commission, with a registered capital of 8 billion yuan, and is a reliable insurance company.

Chinese Life Insurance (Group) Company (hereinafter referred to as Chinese Life Insurance or Chinese Life Insurance) is a state-owned super-large financial and insurance enterprise, headquartered in Beijing, the world's top 500 enterprises, China's top 500 brands, is a leading financial enterprise. The predecessor of the company was the original Chinese People's Insurance Company, which was established in 1949, and was divided into China Insurance Life Insurance **** in 1996, and changed its name to Chinese Life Insurance Company in 1999.

In 2003, with the approval of *** and the former China Insurance Regulatory Commission, the former Chinese Life Insurance Company was restructured and restructured into Chinese Life Insurance (Group) Company.

Chinese Life Insurance (Group) Company and its subsidiaries constitute China's largest state-owned financial and insurance group and are also important institutional investors in China's capital market. The business scope comprehensively covers life insurance, property insurance, corporate and occupational annuity, banking, asset management, wealth management, industrial investment, overseas business and other fields.

In 2018, the consolidated operating income of the group company was 768.4 billion yuan; The consolidated premium income was 646.7 billion yuan, and the consolidated total assets were nearly 4 trillion yuan. It has been selected as one of the Fortune Global 500 companies for 17 consecutive years, and its ranking has jumped from 290th in 2003 to 51st in 2019. It has been selected as one of the top 500 world brands for 12 consecutive years, and its brand value reached RMB 100 million in 2019;

It was selected as one of the top 500 Chinese brands by the China Brand Value Research Institute, ranking 15th. After being listed in New York and Hong Kong in December 2003, the life insurance company returned to the domestic A** market in January 2007, becoming the "first insurance stock" in the Chinese mainland capital market and the first insurance company to be listed in New York, Hong Kong and Shanghai.

On September 1, 2019, the list of China's top 500 service enterprises in 2019 was released in Jinan, and Chinese Life Insurance (Group) Company ranked 7th.

On November 8, 2019, Chinese Life Insurance (Group) Company won the 2019 Best Life Insurance Company Award at the 14th China Insurance Innovation Awards 2019 Culture and Brand Awards.

In life insurance, the two most common types are term life insurance and whole life insurance. Life insurance is mostly based on the death of the insured, so life insurance is bought for the family in order to leave a sum of money to the family after the death of the insured, and provide financial security for the subsequent life of the family on behalf of the insured.

There is no unreliable company, only unreliable salesmen, and it is very important to choose a reliable salesman to ask whether the insurance portfolio of China Life Xinxibao can be bought.

2.Follow-up services.

Question: Is it reliable to buy it at ICBC.

Pay the fee continuously for 5 years.

Annuity insurance cannot be surrendered in the middle of the policy, and the surrender will be considered large according to the cash value, so it should be chosen according to your personal needs.

If you surrender the policy in the middle of the policy, the principal will not be recovered.

The question is very confusing, is this insurance product reliable?

The question has been paid for one year, it is time to pay for the second year, I don't know how this insurance product is, I want to ask a professional for guidance, whether to continue or stop, thank you.

Since you have handed it over, continue to hand it over, and the trickle will be long.

Ask a good question, thank you.

Chinese Life is an insurance company in China, which is filed with the China Banking and Insurance Regulatory Commission. Due to the peculiarities of the insurance industry, all insurance companies are subject to state regulation, whether large or small.

Although the selection of insurance products according to the company may not be the most scientific and reasonable path, it is undeniable that the insurance company is indeed a subjective factor that is difficult to ignore in product selection and comparison.

Today, the senior sister has found a new way, with the four dimensions of equity structure, business stability, product, and market cognition, to line up for 91 domestic life insurance companies, and select the best of the best, and select the 10 insurance companies with super comprehensive strength in 2020 for readers.

Without further ado, let's go straight to the list: which of the top 10 insurance companies is good?

1. From the perspective of access mechanism, insurance companies cannot open if they want to;

The minimum registered capital requirement for insurance companies is 200 million, and the minimum registered capital for national insurance companies is 500 million, and it must be paid-in monetary capital. In fact, the registered capital is not 2 billion, and it is difficult for shareholders to be approved to open an insurance company if they are not in good condition. It is said that there are nearly 200 insurance companies waiting in line for the approval of the China Banking and Insurance Regulatory Commission.

In other words, the strength of the insurance companies that have already opened cannot be underestimated.

2. Perfect regulatory mechanism;

The China Banking and Insurance Regulatory Commission (CBIRC) requires insurance companies to disclose their solvency every quarter, and if the solvency does not meet the requirements, it will order shareholders to increase their capital, suspend the opening of new branches, and suspend the issuance of new policies.

Solvency is the ability of the insurance company to repay its debts, and the solvency of the company is generally required to be not less than 100%.

3. Perfect exit mechanism;

It is often said that insurance companies are not allowed to go bankrupt, but in fact, a country can go bankrupt, so why can't a company go bankrupt? It can go out of business, but it won't go out of business casually, and it won't harm the interests of consumers.

It's reliable.

Life insurance payment period is long, some products are not cheap, consumers buy products, to choose a legal and professional life insurance company, can protect the interests of consumers, unprofessional life insurance companies, later services may lag, can not meet the needs of consumers in essence, professional life insurance companies will not have these problems, to maximize the interests of consumers.

The advantages of buying life insurance are: treatment of illness, and retirement without illness.

1. Accidental emergency use.

In recent years, the annual death toll of traffic accidents in China has exceeded 100,000. Accidents can never happen, whether it is a natural disaster or a man-made disaster, when misfortune happens, who will take care of our wife, children, and parents. This is the function of life insurance, a small amount of money, in the event of an accident, in exchange for a huge amount of compensation.

2. Early planning for pension issues.

China began to enter the elderly society in 2000, and in 2030, it is estimated that there will be 100 million retirees. By 2050, older persons will make up 25% of the total population. The cost of living after retirement is a problem that many people worry about, and life insurance solves this problem very well.

It is reliable to buy Chinese life insurance. Most insurance companies are reliable.

We have counted the latest insurance company rankings, and the best insurance companies in China are here. Which company should I choose to buy insurance? 》

1. Life insurance.

Life insurance is life insurance in the narrow sense, which protects people's lives. The survival of the insured is called survival insurance, such as the common annuity insurance and education insurance in the market, which are typical survival life insurance;

Death insurance is conditional on the death of the insured, to put it bluntly, it is not dead, not disabled, and no money, and now pure death insurance is often in the form of term life insurance, with low premiums and high protection;

There is also a type of life and death insurance, which can receive an annuity when you survive and receive a payout after death, which is both insurance.

2. Accident insurance.

Accident insurance covers the death or disability of a person, if you only look at the object of insurance, accident insurance should essentially be regarded as a kind of life insurance, but accident insurance is more special, and the insured must suffer an accidental injury in order to get compensation.

Accidental injury is a sudden occurrence that causes obvious and severe bodily injury to the insured person, not foreseen or against your will. Accident insurance is very inexpensive, and it is very simple, with no medical examination and almost no restrictions.

3. Health insurance.

Health insurance is to protect the human body, and there are many types of insurance, such as sickness insurance, nursing care insurance, medical insurance, etc., and there are two common ones in the market: critical illness insurance and hospitalization medical insurance.

Buying Chinese life insurance is very unreliable, not only losing money, but also damaging the body, would rather buy Evergrande life insurance than buy Chinese life insurance. In 2019, I bought an insurance policy of 50,000 yuan with a five-year maturity at Evergrande Insurance Company, and I heard that Evergrande was currently in debt, so I surrendered the policy in two years, with no loss of principal and almost 3,000 yuan in interest. But in Chinese Life Insurance Company bought 60,000 yuan, also bought in April 2019, this year only to know that although the contract has a large thick payment clause, but there is no personal accident traffic injury disease insurance to pay to the customer, at that time the male salesman said that the insurance period is up to 20 years, I said that I never buy long-term insurance, up to five years to buy, the male sales said that you can get back the principal in five years, and there is 12,000 yuan of interest to trick me into buying, the contract is almost past the hesitation period to receive, The salesperson on the contract is a woman named Ou Qijun, and the woman left and disappeared a few months later, and the customer service of China Life actually said that she could not contact this woman**.

I asked to surrender the insurance, and the customer service told me that 60,000 yuan can only be refunded about 52,000 yuan, which is not only no interest but also a loss of almost 8,000 in the past two years. What kind of insurance is this? These terms were not mentioned by the male salesman at the time.

Let's take a look! Don't buy Chinese life insurance!