No, according to official website, the insurance company Zhongai Health Management was approved by the Insurance Regulatory Commission of the Bank of China and listed in September 2065438+2008. Zhongai Health Management is a formal insurance product launched by Union Life, so Zhongai Health Management is not a fraud company. Guangdong Zhongai Health Management Co., Ltd. was established on 201610 June 17. The legal representative is Hu Xiuju, and the company's business scope includes: natural science research and experimental development; Research and development of humanities; Research and development of stem cell technology; Health research and development and technology transfer.