Setting up group insurance products privately and misappropriating insurance premiums to one's own company account involves a huge amount of money, and the crime period spans several years.
The results of the CIRC's handling involved multiple levels of Taizhou Xinhua, Jiangsu Xinhua and Xinhua Corporation, and more than 20 people were investigated, ranging from headquarters executives to Taizhou back office staff, and even the parties who had left Xinhua.
But even so, the insurance purchased by other customers of Xinhua is still safe, effective and guaranteed. It is completely safe to continue to buy insurance in Xinhua. This big case only represents the past, the next big case, and no one knows which insurance company it will appear in. However, you can rest assured that with the upgrading of regulatory means, the probability of such a thing will become lower and lower.