First of all, the established insurance companies will always be under the strict supervision of China Banking and Insurance Regulatory Commission. If the operation of the insurance company is abnormal, the CBRC will intervene in time, so the possibility of bankruptcy of the insurance company is very low. Secondly, even if it goes bankrupt unfortunately, the CBRC will designate an insurance company to take over, and consumers' insurance policies will not be affected in any way.
If you still have questions about this, please see the following detailed explanation: the insurance company is bankrupt, what should I do with the insurance I bought?