Ranking of life insurance companies
Ranking of the top ten life insurance companies in China: China Life, Ping An Life, Pacific Life, Xinhua Life, Huaxia Life, Taiping Life, Taikang Life, PICC Life, China Post Life and Qianhai Life.
1. China Life
Official company: China Life Insurance Company
China Life is a large comprehensive insurance group in China and has 6 professional subsidiaries. The company and a school, its business scope comprehensively covers life insurance, property insurance, pension insurance, asset management, industrial investment, overseas business and other fields. It is listed on the same market in New York, Hong Kong and Shanghai, and ranks first in China's insurance industry. It has the reputation of "the mainstay".
2. Ping An Life
Official company: Ping An Insurance Company of China Co., Ltd.
A technology-based personal financial life services group with considerable industry influence, one of the earliest in China A joint-stock insurance company established. Ping An of China is a company listed on the Main Board of the Hong Kong Stock Exchange and the Shanghai Stock Exchange. Its business covers auto insurance, accident insurance, critical illness insurance, small loans, credit loans, investment and financial products, Ping An Puhui, Ping An Credit Card, Ping An Insurance, Ping An Bank and other fields.
3. Pacific Life
Official company: China Pacific Insurance Co., Ltd.
A domestic professional comprehensive insurance group, listed in Shanghai, Hong Kong and London enterprise. Pacific Insurance Group has professional subsidiaries such as life insurance, property and casualty insurance, asset management, pension insurance and online services. It has established a nationwide marketing network and diversified service platform to provide customers nationwide with complete risk protection solutions, investment and financial management and Asset management services.
4. New China Life
Official company: Xinhua Life Insurance Co., Ltd.
Xinhua Insurance was founded in 1996. It is a large-scale national life insurance service organization and has established With an institutional network and diversified sales channels covering all provinces, cities and autonomous regions across the country, we focus on providing customers with comprehensive life insurance services to fully meet customers’ needs for health, medical treatment, pension, accident risk prevention, children’s education, and family risk management throughout their life cycle. and other needs.
5. Huaxia Life Insurance
Official company: Huaxia Life Insurance Co., Ltd.
A relatively strong joint-stock life insurance company in China, with many branches across the country Branch offices, branches and marketing services departments. The company has investment qualifications such as direct stock investment, unsecured bond investment, equity investment, real estate investment, overseas investment, infrastructure debt plan investment, real estate debt plan investment, third-party entrusted investment, and stock index futures entrusted investment, and provides life insurance and health insurance. , accident insurance and other types of personal insurance business.
Which is more important, critical illness insurance or million-dollar medical insurance?
Critical illness insurance and million-dollar medical insurance are equally important.
Critical illness insurance compensates for loss of income, while medical insurance compensates for medical expenses. There is no absolute distinction between the two that is better or worse. The launch of an insurance product is also registered with the China Banking and Insurance Regulatory Commission. Each product has its own unique characteristics, and one cannot be evaluated one-sidedly as to which one is more important. Insurance is just a tool, and different insurances solve different problems.
Extended information
The differences between millions of medical and critical illness insurance:
1. Different insurance payment methods
Millions Medical treatment: The insured person first pays in advance, and after the treatment is completed, the insurance company will reimburse it with receipts of relevant expenses. Although there are now a small number of insurance companies that provide advance payment services, the amount of advance payment by insurance companies is also relatively small and is only used by policyholders for emergency purposes.
Critical illness insurance: In the claim settlement of critical illness insurance, as long as a disease within the scope of critical illness protection is diagnosed, the claim amount will be paid in one lump sum, whether it is used to treat the disease or improve the family situation. The policy holder has free control.
2. The coverage period is different
Millions of medical insurance: The coverage period is one year. Now some insurance companies have launched products that can be renewed for 6 years. Re-underwriting also increases the risk of rejection of insurance to a certain extent.
Critical illness insurance: It can be divided into short-term insurance and long-term insurance according to different protection periods. Those with a protection period of 1 year or less become short-term insurance. For critical illness insurance, it is not recommended to buy short-term insurance.
The protection period of long-term insurance is divided into two types: term insurance and lifetime insurance. Term insurance only protects a period of time, while whole life insurance protects the policy holder for his entire life. When most people purchase critical illness insurance, the majority of them provide lifetime coverage. In this way, the insurance can be renewed continuously after purchasing it once, thus avoiding the risk of being denied insurance again due to underwriting again.
3. Differences in insured amount
Million-dollar medical insurance: The insured amount is calculated in millions, usually between 2 million and 6 million.
Critical illness insurance: The insured amount ranges from 100,000, 200,000, and 500,000. Of course, if the family’s economic conditions are relatively good, you can also purchase it multiple times from different insurance companies and the insured amount can be accumulated. .
Unfortunately, if you suffer from a disease and meet the critical illness conditions stipulated in the insurance terms, the insurance company will pay the claim in one lump sum, so that the insured's family can use the money more freely and proactively, whether it is used for It can be used for treatment, patient care fees, nutrition fees, or improving family living conditions.
4. Differences in premiums
Million-dollar medical insurance: It can be purchased with a premium of only a few hundred or thousand yuan. It is just a supplement to medical insurance.
Critical illness insurance: The coverage is relatively comprehensive. Among the 28 major diseases for men and 30 major diseases for women stipulated by the Insurance Industry Association, almost all of our common major diseases are covered. The types of critical illness insurance currently on the market There are more than 100 kinds, including even rare diseases; the premium of critical illness insurance ranges from a few thousand yuan to tens of thousands of yuan. The premium is also calculated based on the insurance amount and payment period, so critical illness insurance comes with It is said that the earlier you take out insurance, the more cost-effective it is.
5. Payment period
Million medical insurance: The insurance period is short-term, one year, so the payment method is single payment, that is, a one-time payment.
Critical illness insurance: The payment period is 10 years, 20 years, or 30 years. Depending on the insurance amount, choosing the payment period that suits you can appropriately alleviate some of the financial pressure.
The top 50 life insurance companies
The latest rankings of Chinese insurance companies are: China Life, Ping An Life, Pacific Life, New China Life, Huaxia Life, Taiping Life, Taikang Life, PICC Life, China Post Life and Qianhai Life, etc.
A brief introduction to the first three insurance companies:
1. China Life China Life is an insurance group company, a very large central enterprise, a national Deputy ministerial level unit. It has been selected into the Fortune Global 500 companies for 15 consecutive years. As one of the seven oldest life insurance companies, China Life has a huge policy volume, with approximately 312 million valid long-term individual and group life insurance policies, annuity contracts and long-term health insurance policies; at the same time, it also has 1.495 million insurance salespeople , 85,000 group insurance sales staff, and 234,000 bank insurance channel sales staff, the sales team is extremely large. China Life Insurance Co., Ltd. is China's largest life insurance company, headquartered in Beijing, with a registered capital of 28.265 billion yuan. As a core member of the Fortune Global 500 and the World Brand 500 - China Life Insurance Company, the company has won the trust of the broadest customers in society with its long history, strong strength, professional and leading competitive advantages and world-renowned brands. Trust has always been a leader in the domestic insurance market and is known as the "mainstay" of China's insurance industry.
2. Ping An Life Insurance Ping An has been established for 30 years and has become a household name. Ping An, like PICC, China Life, Taikang, Pacific, Taiping Life, AIA, Sunshine, etc., are all big corporate brands in everyone's mind. Ping An places more advertisements every year, so its popularity can rise rapidly. It also has many offline outlets. You can find Ping An service points in almost all provinces, cities and counties, and there are also many agents. Its products, such as Ping An Fu, are also products that have always attracted much attention.
3. Pacific Life Pacific Life is a subsidiary of Pacific Insurance. It was established in 1991 and is headquartered in Shanghai. It is listed on A-shares and H-shares and has been selected into the Fortune Global 500 for 7 consecutive years. Like most "big companies", Pacific Insurance has more than 2,800 branches across the country, with tentacles all over the country. However, similar to other large companies of the same type, since Pacific Insurance has so many agents, its product development will focus on meeting the needs of marketers. Many critical illness insurance products are refundable and dividend-based products. Although they are in line with Chinese preferences, But it may not be suitable for most ordinary people.