What about Cathay Pacific Property Casualty s critical illness insurance, how about Cathay Insuran

It is a relatively good health insurance because it has low premiums, comprehensive coverage and relatively high premiums, and there is a refund of capital at the age of 70. Critical illness insurance refers to illness insurance that is conditional on the payment of insurance benefits for specific critical illnesses. According to whether the premium is refunded, it can be divided into consumption-based critical illness insurance and return-type critical illness insurance.

Critical illness insurance was introduced to the Mainland market in 1995 and has developed into an important protection product in the life insurance market.

Extended Materials: a. Insurance Benefits.

1.Insurance interest refers to the legitimate rights and interests of the policyholder in the subject matter of insurance. Usually, the policyholder will suffer economic losses due to the damage or loss of the subject matter of insurance, and obtain benefits due to the preservation of the subject matter of insurance.

An insurance interest can only be established if it is legally recognized, economically certain rather than expected. Generally speaking, the insurable interest of property insurance exists at the time of the insured event, and the losses caused by the insured event can be compensated; At the time of signing an insurance contract, the insurable interest of life insurance must exist to protect against moral hazard.

2.In the case of life insurance, for example, the applicant has unlimited insurable interests in himself and his or her spouse. In some countries and regions, if the policyholder is related to the insured, it can also constitute an insurance interest.

In addition, creditors have an insurance interest in debtors who have not repaid their loans.

3.The conditions for its establishment are: the insurance interest must be a legitimate interest, the insurance interest must be an economic value interest, the insurance interest must be a definite interest, and the insurance interest must be an interest with an interest.

Two. Insured value.

The insured value is the actual value of the subject matter of insurance. According to the provisions of the Insurance Law of the People's Republic of China, if the policyholder and the insurer agree on the insured value of the subject matter of insurance and agree in the contract, if the insured object suffers losses, the agreed insured value shall be used as the compensation calculation standard. If the policyholder and the insurer have not agreed on the insured value of the insured object, and the insured object suffers losses, the actual value of the insured object at the time of the insured event shall be used as the compensation calculation standard.

In a nutshell, the value of insurance can be determined in three ways:

1) According to the provisions of the law and the contract law, the law and the contract law are the basic basis for determining the value of insurance;

2) According to the insurance contract and the agreement between the parties. Some insurance objects are difficult to measure in terms of insurance value, such as life insurance and health insurance. If a person's body and life cannot be measured in money, the insurance value shall be agreed upon by both parties;

3) The insured value is determined based on changes in the market**. The insured value of certain insured persons is not always the same. Most of the underlying assets also depreciate over time, and their insured value tends to decline.

Cathay Pacific Property & Casualty Insurance has a lot of critical illness insurance, and the one that the senior sister knows is Cathay Pacific's dual payment critical illness insurance, which has a protection period of one year, mainly providing critical illness and excess medical allowance protection, and does not provide mild to moderate illness protection, and does not guarantee renewal. If you want to continue to understand this product, you can read this article: Can you really get double protection when you buy Cathay Pacific Double Payment Critical Illness Insurance?

You'll know after reading it!

Next, let's talk about Cathay Life?

Cathay Pacific Property & Casualty Insurance was established in 2008 with a registered capital of 100 million yuan. At present, 25 branches have been set up in 9 provinces and cities in the southeast coast and central and western regions. In the solvency report for the first quarter of 2023, its core solvency adequacy ratio, its comprehensive solvency adequacy ratio, and its risk rating for the fourth quarter of 2022 were BB, and all indicators were met.

However, when buying insurance, it is not recommended that you be limited to one insurance company, and choose the products of multiple insurance companies for comparison, so as to configure the insurance that suits you.

There are many critical illness insurance policies on the market, among which the better critical illness insurance not only has complete protection for mild and moderate illnesses, but also provides optional benefits such as multiple claims for malignant tumors and death benefits. It is good to pay multiple claims for malignant tumors, which can give the insured the opportunity to receive multiple claims in the event of malignant tumors** or metastasis, so as to reduce the economic losses caused by malignant tumors.

Friends who don't know much about insurance may rarely hear of Cathay Insurance, and they will definitely worry about how the product will be, whether the company will go out of business, etc. Friends who have these worries, I believe this article can reassure you:What happens if an insurance company goes out of business?

Below fromCompany background, solvency and company productsLet's take a look at Cathay Pacific Property Insurance in detail.

First, the company's background

Cathay Pacific Property & Casualty Insurance Co., Ltd. (Cathay Property & Casualty) was established in Shanghai in August 2008The registered capital is 600 million yuanIt is jointly funded by Cathay Life Insurance and Cathay Century Property Insurance, a subsidiary of Cathay Financial Group, a Fortune 500 company in Taiwan. It is the first Taiwan-funded insurance company in mainland China.

In August 2016, Zhejiang Ant Small and Micro Financial Services Group Co., Ltd. (referred to as "Ant Small and Micro Financial Services Group")."Ant Financial"Increased capital by 1 billion yuan to invest in Cathay Pacific Property & Casualty Insurance, and controlled Cathay Pacific Property & Casualty Insurance with 51%. In February 2019, Cathay Pacific Property & Casualty increased its capital by RMB1 billionto explore the Internet transformation of traditional insurance companies.

2. Solvency

To put it simply, solvency is a measure of whether an insurance company has enough money to pay out. Generally, the core solvency adequacy ratio is 50%, and the comprehensive solvency adequacy ratio is 100%, even if the solvency meets the standard.

Cathay Pacific Property & Casualty's core solvency adequacy ratio and comprehensive solvency adequacy ratio in 2019 were:It can be seen that these two indicators are higher than those stipulated by the China Banking and Insurance Regulatory Commission. In other words, the company operates stably and does not have to worry about risks.

Third, the company's products

Cathay Pacific Property & Casualty's main business scope includes:Property damage insurance, short-term health insurance, and accident insurance。Here's a list of Cathay Pacific P&C's key products:

Different types of insurance, the evaluation criteria of products are different, how are Cathay Pacific property insurance products, whether they are worth buying, and you can know by comparing them with similar products on the market. Cathay Pacific has a lot of products, here is the most popular critical illness insurance on the market as an example, to see how Cathay Pacific's critical illness insurance compares with the critical illness insurance on the market, and whether it is worth buyingComparison table between Cathay Pacific Critical Illness Insurance and popular critical illness insurance in the market

1) It is very important to buy insurance and choose a salesman, the company is the same, for example, you buy a camera, if you are a professional, it is rarely possible to buy a fool, if you are an amateur, go out to travel and have fun, fool is enough, at that time when you choose a fool, it is nothing more than to look at the appearance, color, etc., the ugly point is the problem of pleasing to the eye, buying insurance to test the business personnel, there is a small way, first through the consumption of their own first protection. Then in the next time, get some insurance information from the original ** person, let him teach you how to protect yourself and analyze insurance products, it is estimated that one or two years is enough, and then set down to add insurance or change your own insurance plan, at that time the salesman also has a precipitation period, he is stable, your trust in him has also increased, if you are not satisfied at that time, you can change the salesman in time, and you also have a basic understanding of insurance, you can choose the product freely, no matter what the company, hit a ** Call someone from the insurance company to talk. 2) Haikang Life has heard very few people, this is his weakness, that is to say, you are pursuing brand feeling, this company is definitely not suitable for you, because you are very likely to surrender the policy in the future, then his advantage is that the training of Haikang Life's new generation of business personnel is not the same as the training system of other companies, which will help you or your family plan and then let you decide how to buy it yourself (of course, some foreign-funded companies also have the same sales system), and the efficiency of claims settlement is relatively higher.

After all, insurance is not used to install the denomination of the door (if the company's reputation is famous, it must be suitable for Nong), Nong said that it is Vahehe, if Nong wants to understand the information of Haikang or other insurance companies.

Cathay Insurance is okay.

Are you going to Cathay Insurance to sell insurance?

If you are going to go to Cathay Pacific Insurance Company to sell insurance, I suggest you still don't go, because the popularity is still much lower than Ping An, life insurance is still much lower, and now people attach great importance to the brand effect, Ping An and life insurance are more well-known, and the insurance business is also better, so it may be a better choice to sell insurance from them.

If you are not in insurance sales, you can still go to Cathay Pacific Insurance, the company is still good, and the benefits are relatively good, as long as you are not engaged in sales, you can go to work with them.

Question: Is it reliable for Cathay Pacific to have a depository life insurance?

Yesterday, a salesman of an insurance company said that he could repay the principal after buying it for 6 years, but after signing the contract, it would take ten years and the annual cost would be more than 10,000 yuan.

Ask it is 5 years, after 5 years can be taken.

Oh, okay. Thank you.

Yesterday, a customer was like this, and he started to say that he would buy it for 6 years, and then repay the principal, but the contract said that it was 10 years, so he really didn't want to buy it.

I really don't recommend buying it, there are too many pits, and the cost performance is not high.

Contact customer service to ask for the insurance policy so far can not be contacted, and it is not issued, which is far worse than Ping An.

Although I didn't buy this insurance, I did contact this insurance company because my car was rear-ended, and the car that chased me was Cathay Insurance. It's been 23 days and there has been no news at all, and I've been calling ** their headquarters has never replied for the past 23 days! Only I called ** and asked them and their answer was that it was still being processed!

Pay the insurance in time to ask them to get out of danger, not to mention how long it will be delayed, and they don't even have the most basic attitude! It's been more than 20 days since today, and their answers are still being processed! Is this called insurance?

I don't know why this kind of insurance company exists! I'm also worried about those who buy Cathay Insurance!

It's too much, remember never to deal with Cathay Pacific Insurance, and they are far away from Ele.me and Meituan's electric cars, they are insured on Cathay Pacific, the car has an accident, there is no loss assessor to give the damage, just wait.

said that the sky is falling, and the difference is ......... difference when it is really reported