What about the bankruptcy insurance of the insurance company?

Legal analysis: As long as it is a formal insurance company approved by the CIRC, even if it goes bankrupt, the insured policy will not be affected. If the CIRC appoints other insurance companies to take over the offer, the insured can still enjoy the corresponding protection according to the terms of the policy. Therefore, consumers do not have to worry about whether the insurance company is big or small, nor do they have to worry about the adverse impact of company bankruptcy on protection. The key is to see whether the content of the insurance clause can meet your own needs.

Legal basis: Article 92 of People's Republic of China (PRC) Insurance Law stipulates that if an insurance company engaged in life insurance business is revoked or declared bankrupt according to law, its life insurance contract and liability reserve must be transferred to other insurance companies engaged in life insurance business; If the transfer agreement cannot be reached with other insurance companies, the insurance company operating life insurance business designated by the State Council Insurance Regulatory Authority shall accept the transfer. If the life insurance contract and liability reserve specified in the preceding paragraph are transferred or accepted by the the State Council Insurance Regulatory Authority, the legitimate rights and interests of the insured and beneficiaries shall be safeguarded.