So how do you distinguish between good and bad insurance companies? Let's take Taiping Life Insurance and China Life Insurance as examples to tell you what an excellent insurance company is!
Before the article begins, the senior has a small gift for everyone. Interested friends come and have a look:
"What should we pay attention to when we pay attention to insurance companies? 》
I. Taiping Life Insurance
1. Company background
Taiping Life Insurance, a subsidiary of China Taiping Insurance Group Co., Ltd., is one of the large and medium-sized life insurance companies in China, with its headquarters located in Shanghai. Until February, 20021,10, the registered principal of Taiping Life Insurance was 1003 billion yuan, the total assets were very considerable, exceeding 830 billion yuan, and the effective insurance coverage at the end of the period was very considerable, exceeding 3.9 trillion yuan.
The service network has achieved nationwide coverage, and more than 1.400 institutions, including 38 branches, have been set up, with a total of more than 63 million customers, and the total amount of compensation and survival funds has reached more than 654.38+50 million yuan.
By 2022, Taiping Life Insurance has been rated as "A+" (strong) financial strength by Fitch International for seven consecutive years, and it is expected to be "stable". At the same time, in the latest "Trinity" supervision and evaluation system of the insurance industry, Taiping Life's enterprise organization business evaluation, service evaluation and comprehensive risk rating were rated as A, AA and A respectively.
2. Solvency
China Banking Regulatory Commission has clearly defined the solvency of insurance companies, with the core solvency adequacy ratio ≥50%, comprehensive solvency adequacy ratio ≥ 100% and comprehensive risk rating ≥ B.
As long as the above three conditions are met, it is a company with qualified solvency.
From the data of Taiping Life Insurance in the third quarter of 2022, it is not difficult to see that the company's core solvency adequacy ratio and comprehensive solvency adequacy ratio are not low, and the latest risk rating is excellent, which is Grade A, reaching the passing line stipulated by the China Banking Regulatory Commission.
After the introduction of Senior Sister, if you want to know more about Taiping Life Insurance, this article of Senior Sister can help you:
How can Taiping Life be reliable? A text tells you the answer! 》
Second, China Life Insurance
1. Company background
China Life Insurance Co., Ltd. is a leader in the domestic life insurance industry. Its headquarters is mainly located in Beijing, with a registered capital of 28.265 billion yuan.
As a core member of China Life Insurance (Group) Co., Ltd., the company ranks among Fortune Global 500 and World Brand 500. With a long history, strong strength, leading professional competitive advantage and world-famous brands, the company has won the trust of a wide range of customers in the society, and has always been at the forefront of the domestic life insurance market, and is known as the "mainstay" of the insurance industry in China.
The predecessor of China Life was the same age as People's Republic of China (PRC). 1949 10 was established with the approval of the central government. It belongs to one of the earliest insurance companies in China and shoulders the heavy responsibility of being both an explorer and a pioneer in the life insurance industry in China. After deepening the reform, the company has established a stable professional management team, which contains rich management experience, and everyone knows how to operate the domestic life insurance market.
In 2003, China Life Insurance Co., Ltd. was listed in new york and Hongkong in February of 17 and 18 respectively. On October 9th, 2007, China Life Insurance Co., Ltd. returned to China and listed on A shares. Since then, the company has become the first financial and insurance enterprise in China to be listed in three places.
2. Solvency
China Life's solvency is naturally qualified. In the third quarter of 2022, the company's comprehensive solvency adequacy ratio was 230.26%, the core solvency adequacy ratio was 16 1.93%, and the latest comprehensive risk rating result was AAA. All the data exceed the requirements of China Banking and Insurance Regulatory Commission, which is definitely affordable for insurance companies!
For more information about China Life Insurance, Senior Sister arranged it for everyone in this article. If necessary, you can click Favorites first:
How about China Life? What products are there? 》
Third, Taiping Life PK China Life, who is the real winner!
1. Company background
If we only look at the company background, Taiping Life Insurance and China Life Insurance are really super strong. We analyze the market value, assets and background one by one. Both insurance companies are very good, and their financial strength should not be underestimated.
2. Solvency
The core solvency adequacy ratio and comprehensive solvency adequacy ratio of Taiping Life Insurance are11.56% and 223. 13% respectively, while those of China Life Insurance are 176.39% and 247.60% respectively.
This round of China Life defeated Taiping Life with a slight advantage, but don't worry that Taiping Life can't afford to pay. The solvency of these two companies meets the requirements of China Banking and Insurance Regulatory Commission. You don't need to worry too much about whether you can get compensation!
3. Advantage insurance
Taiping Life's products cover accidents, medical care, diseases, nursing, life insurance, annuity and other fields. Among them, the more popular products are E- Tian Yang Annuity Pension, Furuibao Insurance Product Plan, Cherishing Jinsheng whole life insurance (Internet exclusive) and so on.
Of course, China Life is a comprehensive insurance company with a wide range of products. The best-selling products are Xinhuiying Old-age Security, Le Ying Lifelong whole life insurance (exclusive edition) and Xinxiang Future Children's Annuity Insurance (section B).
Last but not least, senior, I would like to remind you that Taiping Life Insurance and China Life Insurance are both very powerful and have many products worth buying. Before taking out insurance, you can choose the products that are most suitable for our conditions according to your actual needs.
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
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