Insurance companies are generally taken over for two reasons: 1. The solvency of the company is seriously insufficient; 2. Violating laws and regulations, harming the public interests, which may seriously endanger or has seriously endangered the solvency of the company.
Solvency is the ability of insurance companies to repay debts. The China Banking and Insurance Regulatory Commission has set minimum standards for solvency. If it is not up to standard, it will be taken over for one year to make its solvency reach the minimum standard. Many consumers may worry that the takeover will have an impact on the policy, but the impact is not great. For details, please see this article: the insurance company has been taken over. What should I do with the insurance I bought?
The establishment of an insurance company requires not only that the major shareholders have a good reputation, have no record of major violations of laws and regulations in the past three years, and have a net asset of not less than 200 million yuan, but also a minimum registered capital of 200 million yuan, as well as a sound organizational structure and management system. In addition, it needs to be approved by the China Banking Regulatory Commission, so the conditions for the establishment of insurance companies are relatively strict, and bankruptcy is rare. Even if the insurance company really goes bankrupt, the policy will not be affected. The CBRC requested to transfer to other insurance companies. For details, please see this article: Insurance Company Bankruptcy. What should I do with the insurance I bought?
In fact, mainland insurance companies are relatively reliable under the supervision of the CBRC. We buy insurance, the insurance company is not the most important, the most important thing is to look at the protection content of the product.
Different types of insurance have different coverage, such as critical illness insurance, which mainly covers major diseases. When the insured suffers from a serious illness and meets the claim conditions, he can get a sum of money to make up for the treatment expenses and income loss during the treatment period. When purchasing critical illness insurance, we should pay attention to whether there is protection for mild and moderate diseases corresponding to high-incidence diseases. If there is no corresponding protection for mild and moderate diseases, the insured may not be able to get compensation when suffering from these diseases. A good critical illness insurance not only provides complete protection for mild and moderate diseases, but also provides optional protection such as death protection and policyholder exemption. Senior sister has arranged some good critical illness insurance. Interested parties can have a look: ten popular critical illness insurance stocks worth buying!
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