Luxury Life Insurance Co., Ltd. (hereinafter referred to as "luxury insurance") is a national life insurance company established in February 2007 with the approval of China Insurance Regulatory Commission. The first registered capital of the company is 654.38 billion yuan, and its headquarters is located in Gui 'an New District, Guizhou Province, a national new district. Business scope includes: life insurance, annuity insurance and health insurance; Accident insurance; Dividend reinsurance business of the above business; The use of insurance funds as stipulated by national laws and regulations; Other businesses approved by China CIRC.
Luxury life insurance was established late, and its advantages are relatively small compared with established insurance companies such as Ping An and Taiping, so it mostly occupies the market with high cost performance.
Compared with traditional established insurance companies, Luxury Insurance is a relatively young national life insurance company, which was established in the beginning of 20 17. It is reported that in 20 19, the premium income of luxury insurance exceeded 10 billion yuan, of which the online sales channel income exceeded 200 million, and the internet life insurance business market accounted for more than half. According to the information on the internet, luxury insurance is mainly concentrated in the field of term life insurance, and the Internet is its main sales channel. Because traditional insurance companies often need to pay a lot of store rent, utilities and salesman wages. And pass the cost on to consumers. However, at present, Luxury Insurance only has branches in Guizhou and Hebei, and the institutional system is relatively streamlined, which can save a lot of operating costs. In this way, the premium of products can be set in a lower range, which is beneficial to consumers and wins a good reputation.
Why are people in this society so keen on buying insurance? In fact, to put it bluntly, it is to reduce the risks brought about by uncertainty and assume family responsibilities. Of course, many people will also hedge their expenses and supplement their income, so most people will choose to buy insurance, which is why the insurance industry has been developing.