Is Xinhua Insurance run by individuals or state owned?

We can understand your concern, after all, the purpose of your insurance is to protect. But if you are worried about your colleagues, please rest assured, because the insurance law is regulated:

Article 92 An insurance company shall be dissolved after approval by the insurance regulatory authority due to the occurrence 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 93 If an insurance company has illegal operations, poor operation and management, or its solvency is lower than the standards prescribed by the insurance regulatory authority, and the failure to revoke it will seriously endanger the order of the insurance market and harm the public interest, the insurance regulatory authority shall revoke it and organize a liquidation team in a timely manner in accordance with the law to carry out liquidation.

Article 94 Where an insurance company has any of the circumstances specified in Article 2 of the Enterprise Bankruptcy Law of the People's Republic of China, the insurance company or its creditors may apply to the people's court for reorganization, reconciliation or bankruptcy liquidation with the approval of the insurance regulatory authority; In accordance with Article 134 of the Enterprise Bankruptcy Law of the People's Republic of China, the insurance regulatory authority may also apply to the people's court for reorganization or bankruptcy liquidation of the insurance company.

Article 95 Where an insurance company engaged in life insurance business is revoked or declared bankrupt in accordance with law, the life insurance contract and reserve funds 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 reserve provided for in the preceding paragraph, the legitimate rights and interests of the insured and the beneficiary shall be safeguarded.

The above belongs, indicating that the insurance company is not allowed to be dissolved.

New China Life Insurance has now been acquired by China Reinsurance, so it is now also a state-owned insurance company. You can also rest assured that you have bought an insurance contract before.

For specific matters, you can directly click on the company's **.

As long as it is an insurance company, even if it goes bankrupt, it will be bought by another company, and the state will bail it out, which is stipulated by the insurance law.

You just look at the American AIG Lehman Brothers collapsed, and the United States was not saved. The three major automobile manufacturing companies are facing bankruptcy, and the U.S. Congress has discussed the rescue of 15 billion. And AIG America came to the rescue almost immediately.

Xinhua is not state-owned, it is a joint-stock company, if it does not operate well and will go bankrupt, its assets may be acquired or acquired by other insurance companies, and the relevant business will be taken over by some other companies, but the personnel are not within the scope of mergers and acquisitions.

However, in this case, the state may give support (verbally), but it is absolutely impossible to give economic or policy assistance, for very simple reasons: first, it is not a state-owned company, it belongs to the joint-stock cooperative system, and it is an independent operation. The financial crisis is the best example of this, where the state has given PICC property insurance some economic bailouts, while other companies have not.

Because the nature of the units is different.

Objectively speaking, there are still certain risks, and the CIRC will be the same, don't expect them, judge accurately.

Founded in August 1996, New China Life Insurance Co., Ltd. is an international large-scale joint-stock professional life insurance company, with business scope including various types of life insurance, health insurance and personal accident insurance business. In 2000, the company issued new shares to foreign capital, taking the lead in realizing capital internationalization in the industry. The shareholders include 12 large domestic enterprises such as Loncin Group Co., Ltd., Shanghai Baosteel Group Co., Ltd., Oriental Group Co., Ltd., Shenhua Group Co., Ltd., and 3 internationally renowned financial institutions such as Zurich Financial Services Group.

Therefore, Xinhua Life Insurance is the company.

The boss was just shuanggui. It's not that I ran away.

The boss has nothing to do with the policy.

However, the CEO will have a direct relationship with the company's business performance.

That is to say, the dividends in the future will not be as high as expected. It's not as high as the salesman demonstrated.

To choose insurance, first choose the company, and then choose the salesman. Finally, choose the product to meet your needs.

Today's insurance companies are joint-stock enterprises.

Article 88 of the Insurance Law stipulates that if an insurance company engaged in life insurance business is revoked or declared bankrupt in accordance with law, the life insurance contracts and reserves held by it must be transferred to other insurance companies engaged in life insurance business; If it is not possible to reach an assignment agreement with another insurance company, it shall be accepted by the insurance company designated by the insurance regulatory authority to operate life insurance business.

Where the life insurance contract and reserve fund provided for in the preceding paragraph are transferred or designated by the insurance regulatory authority to accept them, the lawful rights and interests of the insured and the beneficiary shall be safeguarded.

Therefore, a company that operates a life insurance policy is not allowed to go out of business! When you go to the policy, in addition to seeing whether the type of insurance is suitable for you, you should also examine the strength of the company, because this is directly related to your income, and do not compare the level of premiums, but to comprehensively compare the types of insurance.

Summary. Hello, Xinhua Insurance Company is a state-owned enterprise. This shows that there is no contradiction between state-owned enterprises and the joint-stock system. Although Xinhua Insurance has completed the shareholding reform and is listed, it is indeed a joint-stock enterprise.

II. The third, fourth and fifth largest shareholders are all state-owned backgrounds, with a total shareholding ratio of more than 50%, so the controlling stake of Xinhua Insurance is still in the hands of state-owned capital. Therefore, Xinhua Insurance is still a state-owned enterprise and a joint-stock enterprise controlled by state-owned assets.

Is Xinhua Insurance a state-owned enterprise?

Hello, Xinhua Insurance Company is a state-owned enterprise. It is clear here that there is no contradiction between state-owned enterprises and the shareholding system. Although Xinhua Insurance has completed the shareholding reform and listed on the stock market, it is indeed a joint-stock enterprise.

Second, the first trace Jane.

The third, fourth and fifth largest shareholders are all state-owned backgrounds, with a total shareholding ratio of more than 50%, so the controlling stake of Xinhua Insurance is still in the hands of state-owned capital. Therefore, Xinhua Insurance is still a state-owned enterprise and a joint-stock enterprise controlled by state-owned assets.

Xinhua Insurance Company is a relatively well-known insurance company in China, with many branch outlets. Most of the Wutongji insurance that Xinhua is buying is life insurance business such as life wheel insurance, critical illness insurance, and annuity insurance.

The disadvantages of Xinhua Insurance are: 1. The premium is too expensive, and it costs more than 10,000 yuan a year, which is not cost-effective. With a premium of 10,000 yuan, I even sell the group to buy a critical illness insurance plus a term life insurance that pays Brother Feng a single time.

2. In the minor illness insurance, the compensation amount for mild illness is too small, far lower than most products on the market. It cost more than 10,000 yuan, but the claim amount for mild diseases has not reached the average proportion of oranges in the market, and it is a loss. Here are some cost-effective critical illness insurance products, which are also relatively friendly in terms of mild illness, you can choose according to your own needs.

The first question of the subject, Xinhua Insurance is a state-owned enterprise! For those who don't know much about New China Insurance, you can read this article first: Is New China Insurance good? The company's big secrets, the products are peeled, all in this article!

Founded in September 1996, New China Insurance is a state-controlled listed life insurance company, a directly managed enterprise of China Investment Corporation, and one of the Fortune and Forbes Global 500 companies. At present, the company's main shareholders are ** Huijin Investment Co., Ltd., China Jianji Baowu Iron and Steel Group, etc. If we want to know whether Xinhua Insurance is reliable or not, we can judge from two points: solvency and claims services.

Before the official introduction, you can use this article to learn how to judge the quality of an insurance company: when we are looking at an insurance company, what do we want to look at?

First of all, according to the quarterly solvency report of New China Insurance for the third quarter of 2022, as of the end of the third quarter of 2022, the core solvency adequacy ratio of New China Insurance was the comprehensive solvency adequacy ratio, and the latest comprehensive risk rating result was AA. The above data far exceed the standards stipulated by the China Banking and Insurance Regulatory Commission, which shows that Xinhua Insurance is completely "affordable"!

Secondly, the senior sister took a deep look at Xinhua Insurance's 2022 claims service annual report and found that it provided claims services for 3.13 million people throughout the year, with a cumulative compensation amount of 13.5 billion yuan and an average daily compensation of more than 37 million yuan. In terms of the timeliness of claims, it only takes one day from application to closure of New China Life Insurance, and the fastest case is only 12 seconds. Not only that, with the help of artificial intelligence, big data, cloud computing and other technologies, Xinhua Insurance will also realize 300,000 Tanner intelligent claim cases in 2022, with a compensation amount of 100 million yuan.

In terms of claims service, New China Insurance continues to innovate its service concept and claim practice, and has successively incubated special services such as direct connection and direct payment service for claims, medical advance payment service, condolence and first claim compensation for critical illness, claims health management, and honest bill for claims, bringing customers an intimate insurance service experience. There is no doubt that New China Insurance's claims service is just as good.

New China Insurance is not a state-owned enterprise, but a joint-stock enterprise. Now there is only one state-owned insurance company, Chinese Life and Chinese People's Insurance.

New China Insurance adheres to the "customer-centric" product development concept, deeply studies the protection needs at different stages of life, and forms distinctive product characteristics. In response to the differentiated needs of customers, New China Insurance has established a comprehensive product system, covering ordinary insurance products and new life insurance products, which can fully meet the needs of accident risk prevention, health, medical treatment, pension, children's education, family financial management and other aspects at all stages of life.

By the end of 2013, Xinhua Insurance had 35 provincial-level branches, 246 prefecture-level central branches, 550 branches, 774 marketing service departments and 21 sales departments across the country, forming diversified sales and service channels including individuals, banks, and various innovative channels.

New China Life Insurance Co., Ltd. (hereinafter referred to as "New China Insurance") is a state-controlled listed life insurance company, and it is also a share****. Next, the senior sister will introduce this insurance company to you. Let's see how strong it really is.

1. The strength of the company.

Founded in September 1996, New China Insurance is a state-controlled listed life insurance company, a directly managed enterprise of China Investment Corporation, and one of the Fortune and Forbes Global 500 companies. The company's main shareholders are ** Huijin Investment Co., Ltd., China Baowu Iron and Steel Group ****, etc. In 2011, New China Insurance was simultaneously listed on the Shanghai ** Stock Exchange and the Hong Kong Stock Exchange.

In 2021, New China Insurance has established a nationwide sales and service network, with more than 1,770 branches, primary insurance premium income of more than 160 billion yuan, total assets of more than one trillion yuan, and has been rated "A" by Fitch Financial Strength Rating and "A2" by Moody's for consecutive years.

The company's big secrets, the products are peeled, all in this article!

2. Solvency.

According to the solvency report of Xinhua Life Insurance Co., Ltd. in the third quarter of 2022, its core solvency adequacy ratio is the comprehensive solvency adequacy ratio, and the last two risk comprehensive rating results are AA. It can be seen that the solvency of Xinhua Insurance is also very good. Therefore, you don't have to worry about the insurance company running out of money to pay.

Hope.

Xinhua Insurance Company is not a state-owned enterprise.

Xinhua Insurance Co., Ltd. **** is the first joint-stock insurance company established in August 1996 (September 6) with the consent of the People's Bank of China, the approval of the head office of the People's Bank of China, and the promulgation of the Insurance Law. It is headquartered in Beijing. It is a joint-stock ****.

Xinhua Insurance has 34 provincial-level branches, 173 prefecture-level central branches, and 983 marketing service departments.

Among the top ten shareholders of Xinhua Insurance, the second largest shareholder is ** Huijin Investment Co., Ltd., which holds shares; The third largest shareholder is Baosteel Group Corporation, with a shareholding ratio; The fourth largest shareholder is China's ** financial shares, with a shareholding ratio. All three of them belong to the background of state-owned assets, and the total shareholding ratio is. In other words, state-owned capital occupies an absolute controlling position in Xinhua Insurance, so Xinhua Insurance is a state-owned enterprise.

1. Xinhua Insurance is a regular company, and the full name of Xinhua Insurance is Xinhua Life Insurance Co., Ltd., which is a large-scale life insurance company established in September 1996. In 2011, New China Insurance was listed on the Hong Kong Stock Exchange and the Shanghai ** Stock Exchange, and in 2014, New China Insurance was listed in the Forbes Global 500 for the first time.

2. Xinhua Insurance has provincial-level branches, prefecture-level central branches, marketing service departments, etc. in many places across the country, forming diversified sales and service channels including individuals, banks, and various innovative channels.

Extended Materials. 1. Can Xinhua Insurance get back the principal after 20 years?

It mainly depends on what the type of product is insured, and different product types are different for whether and how much the principal is returned.

1. Critical illness insurance is a protection product, most of which have no return function, and can only refund the cash value after 20 years. If it is a return-type critical illness insurance, it depends on the specific return period of the product, such as annual return.

2. Short-term medical insurance and accident insurance are both consumer insurance, basically buy one year to insure one year, even if you pay for 20 years, you can't get back the premiums paid.

3. Annuity insurance, generally only need to pay for 10 years to get back the principal, but some products need to be paid for 20 years before you can get back the principal.

2. Can New China Insurance be surrendered?

1. New China Insurance can surrender the policy. If you want to surrender the insurance, you can surrender the insurance at any time, you only need to apply for surrender to Xinhua Insurance Company, for example, you can call the customer service of Xinhua Insurance ** to apply, and consult the specific information required for surrender, and then bring the surrender information to the insurance company to go through the surrender procedures.

2. If it is a Xinhua insurance product that is insured with Chunyin, then you can also see if you can directly surrender the insurance policy, if you can't surrender the insurance policy, you can only take the surrender information to the insurance company's offline service outlets to surrender.