Can Huaxia Insurance be reliable if it is not listed?

Xueba talks about insurance, focusing on insurance product evaluation! Is Huaxia Insurance good, is it reliable? A good article for everyone:"How about Huaxia Insurance, is it worth buying, in-depth analysis".

Founded in December 2006 with a registered capital of 15.3 billion yuan, Huaxia Insurance is a national, joint-stock life insurance company.

1. How about Huaxia Insurance

In July 2019, Huaxia Insurance ranked 442nd on the Fortune Global 500 list.

China Life Insurance has a premium income of 100 million yuan in Q1 Q4 of 2019, accounting for the market share of life insurance, second only to China Life, Ping An and Pacific.

In general, China Life Insurance has abundant funds, high public recognition, and leverage.

2. Solvency of China Life

Solvency can be understood as the company's ability to repay its debts, and the higher the solvency, the less likely the company is to fail.

In the first quarter of 2020, the core solvency adequacy ratio was A, and the overall risk rating was A, far exceeding the passing mark set by the China Banking and Insurance Regulatory Commission. I sorted out the insurance companies with high solvency in 2020:

Which of the top 10 insurers in solvency in 2020 is better? 》

3. Are ChinaAMC Life products worth buying?

The main types of insurance of China Life Insurance include critical illness insurance, life insurance, medical insurance, accident insurance and other life insurance, as well as financial annuity insurance and universal insurance

Huaxia Insurance is not worth buying, it depends on the specific product, taking its popular critical illness insurance "Evergain Series" as an example, although the protection is comprehensive, but the cost performance is low, detailed product evaluation can be seen here:"The Chinese evergain guarantee is not bad, but it seems that something is still missing.

There are still many people who want to know about Huaxia's "Fu Linmen" annuity insurance, you can read this"How about the income of Huaxia Fulinmen annuity insurance, is it worth buying? 》Hope!

This cannot be judged by listing, because the CSRC does not allow insurance companies to be listed, so there has not been a listing of insurance companies for many years.

Huaxia Insurance Company is reliable, and all insurance companies need to pay a certain deposit to the Insurance Regulatory Commission when applying for a business license. It is regulated by the Insurance Regulatory Commission, so you can rest assured.

Founded in December 2016, Huaxia Life Insurance Co., Ltd. (hereinafter referred to as "Huaxia Insurance") is a national, joint-stock life insurance company headquartered in Beijing. The company has a registered capital of 15.3 billion yuan, total assets of more than 350 billion yuan, more than 590 branches across the country, and a staff of nearly 150,000.

Twenty percent of the registered capital of insurance companies is withdrawn from margin, and Huaxia ranks among the top three in the registered capital of non-listed companies.

There is still a difference between the establishment of an insurance company and a general company.

It has entry thresholds, such as the registered capital cannot be less than 200 million yuan.

Then Huaxia Insurance.

Is it possible to exceed this entry threshold?

Let's take a look with my daddy.

Huawan Qianshenxia Insurance was established in December 2006 and is approved by the China Banking and Insurance Regulatory Commission.

Approved the establishment of a national, joint-stock system.

Life insurance company, registered capital.

15.3 billion yuan.

From this point of view, Huaxia Insurance is still wealthy.

At the very least, the registered capital is dozens of times higher than the minimum standard.

Moreover, as of the end of January 2022, Huaxia Insurance has accumulated a total premium of 100 million yuan, ranking sixth in the market.

Whether an insurance company is reliable or not depends on whether it can meet the requirements of the China Banking and Insurance Regulatory Commission.

The regulatory standard is buried in the standard:

1) Comprehensive solvency adequacy ratio: not less than 100% 2) Core solvency adequacy ratio: not less than 50%.

3) Comprehensive risk rating: B and above.

In general, we look at whether the insurance company is reliable and whether its data can meet the above conditions.

However, China Life.

No relevant data has been released recently, mainly because China Life Insurance has now been taken over.

It's the takeover mentioned by the father's previous confession.

The answer given by Daddy is yes, because Huaxia Insurance still has new products launched.

How does this prove that people are reliable?

Because insurance products are subject to review and filing.

The CIRC will also give full consideration to the insurance company's ability to settle claims.

Taking 10,000 steps back, even if the insurance company goes bankrupt, there is the China Banking and Insurance Regulatory Commission to take care of it.

Deep Blue Insurance Dedicated Insurance Brokers will provide you with professional advice.

At present, Huaxia Insurance has 24 direct branches, with a total of 673 branches (including chips), with a customer scale of 100 million people and a manpower of 290,000 people.

It has been listed in the Fortune Global 500 for two consecutive years.

As of the end of April 2022, the company has accumulated a total premium of 100 million yuan, ranking fourth in the market.

Huaxia Insurance and its subsidiary, Huaxia Jiuying Asset Management Co., Ltd., currently have the investment qualifications of direct investment, unsecured debt investment, equity investment, real estate investment, infrastructure debt plan investment, real estate debt plan investment, third-party entrusted investment, stock index entrusted investment, etc., and have strong investment strength.

The investment scope covers banking, real estate, biomedicine, electrical semiconductors and other industries.

Solvency determines an insurance company's ability to repay its debts.

The China Banking and Insurance Regulatory Commission stipulates that an insurance company that meets the solvency standard must meet the following three conditions:

50% of insurers' core solvency ratios;

Comprehensive solvency adequacy ratio of 100%;

The overall risk rating is B.

For the first quarter of 2020, the core solvency adequacy ratio of Huaxia Insurance was that of Yuanye Liquid.

It can be seen that the solvency of Huaxia Insurance is hovering near the warning line.

Since it did not participate in the subsequent comprehensive risk rating after the takeover, Huaxia Insurance did not have the latest comprehensive risk rating.

In general, Huaxia Insurance is a formal insurance company, and its strength is also good, but its solvency needs to be improved.

Reliable. When it comes to China Life Insurance, everyone should have heard of it more or less, and it is also a relatively old insurance company.

Huaxia Insurance also has many flagship products, such as Ivy, Huaxiafu, Linden, Evergain and other products.

Huaxia Life Insurance Company's signature products have been praised for their rich protection responsibilities and high cost performance, and have attracted much attention in the critical illness insurance product market.

1. Solvency and claims services.

1.Solvency.

When choosing an insurance company, we can first judge the insurance company's ability to settle claims, and the most critical is solvency, which refers to the ability of the insurance company to fulfill all contractual obligations at any time. The solvency of insurance companies is mainly reflected in these two key figures: core solvency adequacy ratio and comprehensive solvency adequacy ratio.

The core solvency adequacy ratio refers to the ratio of core capital to minimum capital, which measures the adequacy of high-quality capital of an insurance company. The comprehensive solvency adequacy ratio refers to the ratio of actual capital to minimum capital, which measures the overall adequacy of an insurance company. 50%, 100%, even if it is a solvency company.

From the above data, we can see that ChinaAMC's core solvency adequacy ratio and comprehensive solvency adequacy ratio have reached above the standard line, so there is no problem with the solvency of Huaxia Insurance Company.

2.Ability to settle claims.

One of the most concerned questions when we buy insurance is whether we can make a claim? How long does it take to pay? This is also one of the important indicators to measure the liquid eggplant of an insurance company.

So regarding the ability of China Life Insurance Company to settle claims, the time limit for claims settlement of China Life Insurance Company is days, and the odds are obtained. This data is based on the fact that most insurance companies close cases within 3 days on average, the average transit time is days, and the average claim rate is 97%. Therefore, in terms of claim settlement ability, China Life Insurance is also basically at the average level, which proves that most of them can be compensated.

In fact, as long as it meets the insurance contract, you can make a claim, so you don't have to worry about not being able to make a claim.

2. Basic introduction of China Life Insurance.

Founded in December 2006 with the approval of the China Banking and Insurance Regulatory Commission and headquartered in Beijing, Huaxia Life Insurance Co., Ltd. is a national joint-stock life insurance company.

The registered capital of the company is 15.3 billion yuan. In 2018, the total assets of Huaxia Baotou Embedded Code Insurance exceeded 500 billion yuan, with a staff team of more than 500,000 people and a total premium of 230.6 billion yuan, making it a super-large insurance company.

The main business of Huaxia Life Insurance Company includes life insurance, health insurance and accident insurance, as well as the reinsurance business of the above businesses.

Continuously carry out product innovation, and at the same time is committed to providing users with the most needed, the most intimate comprehensive insurance solutions, and has a good reputation in the insurance industry.

Huaxia Life Insurance is a national, joint-stock life insurance company approved by the China Banking and Insurance Regulatory Commission, established in December 2006 with a registered capital of 15.3 billion yuan and headquartered in Beijing. China's insurance companies will be subject to the supervision of the China Banking and Insurance Regulatory Commission, so Huaxia Insurance is of course reliable.

According to the solvency report of China Life Insurance in the first quarter of 2020, the core solvency adequacy ratio of China Life Insurance is 0%, the comprehensive solvency adequacy ratio is %, and the comprehensive risk rating has not been announced for the time being. It can be seen from this that the solvency of China Life Insurance has reached the standard line. Therefore, its solvency is not a problem, so you don't have to worry too much.

However, due to the triggering of the provisions of the Insurance Law of the People's Republic of China, in July 2020, the shares of China Life Insurance **** were taken over by the China Banking and Insurance Regulatory Commission, and the receivership period was from July 17, 2020 to July 16, 2022.

Seeing this, there are many friends who will begin to worry that if the insurance company is taken over, can their insurance still be claimed, the senior sister can tell you for sure that the insurance company has been taken over, everyone's insurance will not be affected, if you don't believe it, you can come to see the expert's answer: Bao Chun Ming Insurance Company has been taken over, what should I do with the insurance I bought?

In addition, there are many friends who are worried about whether the insurance company will go bankrupt in the future, if the insurance company is really unfortunate to go bankrupt, will it have an impact on our insurance? After reading this article, you will know: the insurance company is bankrupt, what should I do with the insurance I bought?

Huaxia Insurance is reliable. Huaxia Insurance is an insurance company approved by the China Banking and Insurance Regulatory Commission. So you can buy their company's insurance products with confidence.

However, when you buy insurance, you must remember that you must carefully understand the terms and responsibilities of the insurance product and choose an insurance that suits you. Only by choosing the right insurance for you is the best product.

Huaxia Insurance is formally established with the approval of the China Banking and Insurance Regulatory Commission, established in December 2006 and headquartered in Beijing.

In 2020, Huaxia Insurance ranked 449th on the Fortune Global 500 list, and its strength is very strong. This source.

At present, the main business of China Life Insurance Co., Ltd. is to include life insurance, health insurance and accident insurance, as well as reinsurance business of the above-mentioned businesses, and at the same time carry out the use of insurance funds permitted by national laws and regulations. At present, the hot-selling products of China Life Insurance include Huaxia Fortune Bao Pension Insurance (Section C) and so on.

Reliable! Huaxia Insurance is a national, joint-stock life insurance company approved by the Bank of China Insurance Supervision and Administration Commission, which is officially certified and reliable, so you don't have to worry too much.

As of the end of February 2023, the company has accumulated a total premium of 100 million yuan, ranking fifth in the market.

As long as it is a regular insurance company, it is reliable.

As long as it is approved, it is reliable, and the insurance company is not allowed to go out of business, but the small insurance company is slower in claims, but the premium is cheaper.

Insurance companies are almost the same, as long as you don't buy too small companies, the key is that you really know what Zheng Dao is buying, whether its role is really Qingsong type Chu, and whether the operator really explained it to you

Huaxia Insurance was established in December 2006 with the approval of the China Banking and Insurance Regulatory Commission and is a reliable insurance company. Huaxia Life Insurance Co., Ltd. is headquartered in Beijing, with a registered capital of 15.3 billion yuan.

In 2016, the total premium was 181.5 billion yuan, ranking fourth in the market. At the end of 2017, the total premium was 175.3 billion yuan, ranking fifth in the market; In 2018, Huaxia Insurance's total assets exceeded 500 billion yuan, and its total premiums reached 230.6 billion yuan, making it a super-large insurance company. In addition, it took the lead in introducing the "second compensation for critical illness" in China, which promoted the upgrading of critical illness insurance products in China.