Ranked 1 among companies established in the same period.
I. General situation
Union Life Insurance was established in 2005, and the enterprise is a national and joint-stock life insurance company. The registered capital reached 4.283 billion yuan; Provide customers with multi-module comprehensive services such as insurance, asset management and pension.
Two. solvency
Solvency refers to the ability of an insurance company to fulfill its liability for compensation or payment. Only with sufficient solvency, can we have enough funds to pay insurance benefits to customers when claims are made, and can we realize various protection benefits of customers. Then when choosing an insurance company, your solvency needs to be considered.
According to the requirements of CBRC, solvency depends on these two indicators: core solvency adequacy ratio (not less than 50%) and comprehensive solvency adequacy ratio (not less than 100%).
Three. Claims settlement ability
In the insurance business, claim settlement is an important link, and the follow-up service is related to the vital interests of each user. Even if the product guarantee is comprehensive and the after-sales service is not good, I hope you will think twice; In 20 19, Union Life realized an average claim payment period of 0. 18 days for small cases, and payout ratio was 99.78% for small cases; It can be seen that Union Life's claim settlement ability is also quite good.