Is saving money in an insurance company protected by law?

Insurance companies are not banks and do not accept deposit business. But buying insurance in insurance companies is protected by national laws. Insurance products approved by the state sold by insurance companies are protected by law. However, different types of insurance have different levels of protection. For example, life insurance and property insurance purchased are risk-free and protected by national laws. However, insurance products such as dividend insurance, investment and wealth management insurance and investment connection limit are all risky investment products. The income of such products is uncertain, and the risks need to be borne by the customers themselves.

More than 500 thousand, it is much safer to deposit with an insurance company than with a bank.

Once the bank goes bankrupt, the bank will only pay for deposits below 500 thousand. This kind of payment is not paid by the bank itself, but by the deposit insurance purchased by the bank, that is, the insurance company will pay. The remaining deposits can only be returned according to the bank's repayment order and liquidation assets. As for how much you can refund, you are not sure. Since it is bankrupt, it must be insolvent.

If the total amount of funds calculated by the same depositor in all insured deposit accounts of the same insurance institution is within the maximum repayment limit, full repayment will be implemented; The part exceeding the maximum payment limit shall be compensated from the liquidation property of the insurance institution according to law. Insurance deposits are usually savings insurance, annuity insurance or life-long products purchased from life insurance companies. These products are similar to deposits, but there are insurance companies. Because it is a life insurance contract, it will be protected by many parties and supervised by law, and it has special financial attributes. Life insurance policy, according to the insurance law, life insurance policy is not affected by any external factors. Even if the insurance company goes bankrupt, the life insurance policy will be handed over to other qualified insurance companies, and the interests of the insured will not be lost.

< strong > the benefits of financial management of insurance companies are:

1, the nature of insurance, the insurance law stipulates that the beneficiary right of life insurance is greater than the creditor's right, so the money placed in the insurance company can avoid debt, and no one can freeze the money.

2, the nature of insurance, the insurance law stipulates that insurance income is tax-free, unlike the money deposited in the bank to pay interest tax, although the collection is temporarily suspended.

3. The income is stable, and the rising tide lifts all boats. Your money will only increase over time, and it will not decrease. Financial fluctuations have nothing to do with me.

4. Improve credit. General bank loans to enterprises require enterprises to handle property insurance. Similarly, the credit of enterprises that have purchased insurance will be greatly improved, and so will the credit of enterprises.

5. The policy will not be frozen, nor will it be claimed by the debtor. When an enterprise goes bankrupt, stocks, bonds, deposits, etc. Will be frozen, but only the insurance policy will not be frozen. Even creditors have no right to ask beneficiaries to repay their debts with insurance proceeds.