Fake, the China Banking and Insurance Regulatory Commission manages major insurance companies, and the management is very strict. The China Banking and Insurance Regulatory Commission is backed by the State Council. With such strict management and great authority, it is difficult for insurance companies to cause trouble.

Next, let me take you to learn about China Life Insurance: What are the types of China Life Insurance? Which products are worth insuring?

1. Company introduction

China Life Insurance Co., Ltd. is a leading company in the domestic life insurance industry, headquartered in Beijing, with 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. With the trust of customers, it has always occupied the leading position in the domestic life insurance market and is known as the "mainstay" of China's insurance industry.

2. Related products

The insurance types under China Life Insurance mainly include accident insurance, health insurance, life insurance, annuity insurance and other products. Dad found some of China Life’s best-selling products , summarized as follows:

3. Solvency

China Life Insurance’s solvency is also good. According to the data for the first quarter of 2020 published on the official website, China Life’s solvency is 281 .

It can be seen that the solvency of China Life Insurance is very good, and it is unlikely that there will be worries about failure to pay compensation or going bankrupt after buying the insurance. After all, the insurance contract has legal effect when it comes into effect. If the insurance contract appears to be in compliance with the insurance contract, but the insurance company refuses to compensate, the insurance company can be sued at this time.

4. Dad’s summary:

Buying insurance is not a trivial matter after all, and the variety of insurance products on the market today is dazzling, which requires policyholders to master certain insurance knowledge. If you buy a product that is not suitable for you, it will be very troublesome in the future, so think twice before you buy it. I hope my answer can help you.

Source: Dad Insurance Knowledge Class