It is safe to save money in China Life Insurance. After all, the insurance product has legal effect. After the insurance expires, you can withdraw the money as agreed. You don’t have to worry about being unable to withdraw the money or the insurance company will not withdraw the money.

As long as the terms of the corresponding insurance product are met, you can withdraw money.

If you are curious about China Life, you can first read this article by my senior sister: How is China Life? What are its products? Are they any good?

So in the following time, I will introduce the insurance company "China Life" to you. Without further ado, let's get straight to the real stuff!

1. Company Background China Life Insurance Co., Ltd. is a leading company in the domestic life insurance industry. It is headquartered in Beijing and has a registered capital of 28.265 billion yuan.

As a core member of China Life Insurance (Group) Company, a Fortune Global 500 company and a World Brand 500 company, the company has won widespread recognition in society with its long history, strong strength, professional leading competitive advantages and world-renowned brands.

Customer trust.

In addition to the above, the senior also compiled some other tips on how to look at reliable insurance companies: When we look at insurance companies, what should we look for?

2. Solvency According to the China Banking and Insurance Regulatory Commission’s regulations on the solvency of insurance companies, the core solvency adequacy ratio is ≥50%, the comprehensive solvency adequacy ratio is ≥100%, and the comprehensive risk rating is ≥B level.

As long as the above three requirements are met, it is a company with solvency standards.

Judging from the data of China Life in the third quarter of 2022, this insurance company's core solvency adequacy ratio, comprehensive solvency adequacy ratio, and the latest risk rating have all reached the passing line stipulated by the China Banking and Insurance Regulatory Commission, and are all worthwhile

With a trusted company, you don’t have to worry about being unable to settle claims.