Will Xinhua Life Insurance go bankrupt?

Generally speaking, Xinhua Life Insurance will not go bankrupt. The establishment of insurance companies is very strict, for example, it needs a registered capital of 200 million yuan, and the major shareholders have no record of major violations of laws and regulations in the past three years, which is in compliance with laws and regulations. In addition, it needs the approval of China Banking and Insurance Regulatory Commission to obtain the relevant business license, so insurance companies are generally not so easy to go bankrupt. If the insurance company really goes bankrupt, don't worry, the policy you bought will be transferred to other insurance companies and still be valid. If you want to know more, please read this article: the insurance company went bankrupt. What should I do with the insurance I bought?

Xinhua Life Insurance, founded in September 1996, is a state-owned listed life insurance company, a direct investment company, and one of Fortune and Forbes Fortune Global 500 companies. According to the solvency report of Xinhua Life Insurance in the third quarter of 2022, the core solvency adequacy ratio is 14 1.68%, the comprehensive solvency adequacy ratio is 240.74%, and the risk rating in the second quarter of 2022 is AA. Solvency is the ability of insurance companies to repay debts. It can be seen that the solvency of Xinhua Life Insurance is very good. Want to know its solvency ranking in the insurance industry, you can look at this article: 2023 solvency ranking list of the most comprehensive insurance companies!

In fact, buying insurance mainly depends on the product content.

For example, if you buy critical illness insurance, you should pay attention to whether the protection of mild and moderate diseases is complete and whether there are high-risk diseases that have been paid for many times. Generally speaking, good critical illness insurance not only provides complete protection for mild and moderate diseases, but also provides repeated compensation for high-risk diseases, and some will also provide additional compensation for mild and moderate diseases, so that the insured can get more compensation. There are so many critical illness insurances on the market, and Senior Sister has compiled several good critical illness insurances. Interested friends can have a look: Top Ten Hot Critical Illness Insurance Worth Buying!

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