Before the analysis, we should first put a point that "small" insurance companies are actually possible, and the answer will be told to you below:
Is it better for a big company or a small company to buy insurance? 》
1. Taikang Life Insurance vs Xintai Life Insurance, which is stronger?
Most people will pay attention to two aspects when studying insurance companies-background strength and solvency. The former depends on whether the company has strong economic strength, and the latter depends on whether the insurance company can afford our insurance policy.
1, background strength
65438-0996 Taikang Life Insurance was established in Beijing, with its headquarters here. Now it has developed into a large-scale financial insurance service group covering three core businesses: insurance, asset management and medical treatment. By the end of 2020, Taikang Insurance Group had managed assets exceeding 2.2 trillion yuan, of which the pension management scale alone exceeded 520 billion yuan.
What's more, Taikang Insurance Group has been ranked in the Fortune Global 500 list for three consecutive years, and just ranked 424th, ranking among the top 500 in China 104. If a friend wants to know more about Taikang Life Insurance, you can read this article:
Is Taikang Life Insurance Reliable? I suggest you be careful with these products.
Just looking at these dazzling data has already highlighted the demeanor of the big brothers. As far as Xintai Life Insurance is concerned, what is their strength?
On May 8, 2007, in Hangzhou, Zhejiang Province, Xintai Life Insurance Company was established with its headquarters here. The Insurance Law stipulates that the minimum registered capital of an insurance company is 200 million yuan, while the registered capital of Xintai Life Insurance is as high as 5 billion yuan.
According to the official numerical control, during the period of1-April in 2020, Xintai's premium income reached144.1600 million yuan, ranking 22nd among the national life insurance companies, with a total market share of 0.95%.
Although Xintai Life Insurance was founded shorter than Taikang Life Insurance and its economic strength is slightly insufficient, we found that the strength of this rising star is also outstanding.
2. Solvency
How do I know whether a company can afford to pay this fee? The China Banking Regulatory Commission has given clear judgment criteria, depending on whether the solvency of these two companies meets the standards.
Generally speaking, what are the requirements for a qualified insurance company? It is required that the core solvency adequacy ratio is above 50%, the comprehensive solvency adequacy ratio is above 100%, and the comprehensive risk rating is above Grade B. ..
I searched, and found some data about the payment ability of the two companies in official website, China Insurance Association.
In the third quarter of 2022, the comprehensive solvency adequacy ratio of Taikang Life Insurance was 224.82%, the core solvency adequacy ratio was 1 12.4 1%, and the latest comprehensive risk rating result was BB.
The core solvency adequacy ratio of Xintai Life Insurance in the latest issue is 1 18.96%, the comprehensive solvency adequacy ratio is 130. 14%, and the comprehensive risk rating result of the latest issue is AA.
It can be known that Taikang Life Insurance and Xintai Life Insurance are above the minimum requirements.
In terms of comprehensive strength, Taikang Life Insurance is superior. Next, we will study the company's products. What about the products of these two companies? Sister Xue will compare their mainstream products immediately.
Second, enjoy health 202 1VS kunpeng 1, which is better?
Without further ado, let's take a look at the comparison chart of these two products:
From the figure, we can see that although Lexiang Health 202 1 and Kunpeng 1 are both critical illness insurance products with a single claim, there are still many differences between them. Then the senior will analyze the insurance conditions, basic guarantees and optional responsibilities of these points for friends.
1, insurance conditions
Only people under the age of 70 can apply for Lexiang Health 202 1, and those middle-aged and elderly people who are relatively healthy can choose this product. Compared with the former, the maximum age of Kunpeng 1 is 55 years old, which is not as big as the former.
The waiting period is an indispensable part of insurance conditions, but the waiting period is different among different insurances. For example, Lexiang Health 202 1 is twice as long as Kunpeng 1, which is likely to affect consumers' compensation. I'm afraid that the insured can't get the insurance money during the waiting period, so the shorter the waiting period, the more satisfied people are, and the Kunpeng 1 will do well.
2. Basic guarantee
It seems that the basic guarantee of happiness and health 202 1 is still sufficient, and it also has protection for mild and severe diseases, but the shortcomings are obvious. The compensation ratio of mild illness is only 1 times, and the compensation ratio of mild illness is only 20%. It is necessary to know that qualified critical illness insurance products on the market generally pay 2-3 times for minor illness, and the proportion of minor illness compensation is at least 30%.
Kunpeng 1 can cover mild and moderate diseases, as well as serious diseases, as well as special diseases of the elderly, such as severe Alzheimer's disease and primary Parkinson's disease, which make up for the lack of 60-year-old security and make the basic security more comprehensive in terms of specific diseases.
3. Optional responsibilities
Unfortunately, the content of Enjoy Health 202 1 does not contain optional responsibilities.
In order to strengthen the compensation, Kunpeng 1 has also set an optional responsibility to increase the insurance premium for specific diseases for both mild and severe diseases, and the upper limit of additional compensation has been raised to 70 years old, and consumers can freely configure it according to their needs. In addition, it also provides an optional liability for the second payment of cancer, and the payment ratio is as high as 150%, which is practical and other similar critical illness insurance products are not higher than him.
If you have questions about whether the second compensation for cancer is easy to use, please click here to find out quickly:
Is it necessary to attach "second compensation for cancer"? If you don't understand these points, be careful to spend money for nothing! 》
Comparatively speaking, Kun Peng 1 has better coverage, more choices, and enjoys health. 202 1 As long as the insurance coverage and payment period are the same, the payment will be higher. In this way, in terms of products, enjoy the products of Healthy 202 1 far better than Kunpeng 1.
Before buying products, consumers want to find the most suitable products besides seeing insurance companies, so they can't ignore the protection of products.
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
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