Is ICBC AXA a good company? Look at its strength first.
ICBC AXA, an insurance company, was established in July, 20 12, headquartered in Shanghai, with a registered capital of125.05 million yuan. Established by China Industrial and Commercial Bank, French AXA Group and China Minmetals Corporation. 60% of the shares are in the hands of China Industrial and Commercial Bank. Before, some friends always asked me about the relationship between ICBC AXA and ICBC. It's clear now ~
In addition, according to the data released by the China Banking Regulatory Commission last year, the premium income of ICBC-AXA Life Insurance ranked first among foreign life insurance companies in the domestic insurance market.
The strength is really strong, but is the product good enough?
ICBC AXA still has many products, the best-selling ones are Royal Rubik's Cube No.5, Royal Life Insurance and Royal Ruyi Critical Illness Insurance. Let's take Rubik's Cube 5 as an example to analyze it. Royal Cube 5 is a critical illness insurance product. I have studied this product before when I sold it. Interested parties may wish to take a look at this article "Top Ten Insurance Companies Worth Buying" to take stock of popular critical illness insurance for everyone!
Due to the limitation of space, I'll just talk about it briefly here. Let's take a look at the product's guarantee content first:
Judging from the protection situation, the biggest advantage is that the insured amount can be returned after the expiration, that is to say, the premium returned after many years is hundreds of thousands, which is completely achievable. Compared with other insurances that return the premium to customers after the expiration, it can be said to be very excellent.
However, there are also many shortcomings, such as the following:
1. Incomplete protection: Lack of protection for China's disease, which has begun to lag behind.
2. The proportion of compensation is low: only 20% is paid for mild illness, and only 30% can be considered as passing.
3. Long interval: It is unfriendly to wait 365 days for a serious illness and a minor illness to get a second payment.
4. The grouping of diseases is not practical: both serious diseases and mild diseases are grouped, which is not friendly enough, and because high-incidence cancers are not grouped together, the chances of getting compensation are reduced.
If you pursue the brand protection of big companies, this product does not mean that you can't buy it, but it is also recommended to compare more after childbirth before deciding which one to buy. After all, it's not a family that buys insurance. For the convenience of comparison, I share some products here for your reference, the latest list! Top Ten Insurance Companies in China