Fude Life Insurance and China Insurance are both famous in the insurance industry, so who is more worthy of consideration?
Today, Senior Sister will analyze and compare them for everyone to see how strong these two companies are.
First, the secret of Ford's life experience
Founded in 2002, Fude Life Insurance Co., Ltd. is a national professional life insurance company headquartered in Shenzhen. Its registered capital is relatively high, reaching1175.2 billion yuan, and its total assets are more than 480 billion yuan. Now it has 35 branches in China and more than 1000 branches and their service outlets.
According to these data, it is not difficult to know that Fude Life is a large-scale and powerful insurance company. Let's analyze its solvency again.
According to the solvency report of the fourth quarter of 2002/kloc-0, the core solvency adequacy ratio of Fude Life Insurance is relatively high, reaching 87%, and the comprehensive solvency adequacy ratio is relatively high, reaching 103%, but its comprehensive risk rating data has not been published for several consecutive quarters. However, judging from the above two data, Fude Life has reached the solvency standard required by the CBRC.
This paper makes a detailed analysis of Fude Life Life. Interested friends can have a look:
Is Fude Life Insurance Reliable? After stripping off its ace product, I know ... "
Second, the strength of China Insurance has fluctuated greatly.
The full name of China Insurance is China United Insurance Group Co., Ltd., which was established on1July 5, 986 and approved by the State Council. In 2002, it was named "China" and became the first state-owned insurance company in China.
By the end of February of 2002 1 and1,China Insurance had spent 153 1 billion yuan on registered capital and 90.493 billion yuan on total assets. China Insurance covers almost the whole country, with more than 2,900 outlets. The group consists of several companies, namely China United Property Insurance Co., Ltd., China United Life Insurance Co., Ltd., Wanlian E-commerce Co., Ltd. and Nonglian Zhongxin Technology Co., Ltd.
From this perspective, China Insurance has a long history and strong capital strength. Is there a better solvency?
According to the semi-annual solvency report of China Insurance Group in 2022, the core solvency adequacy ratio of China Insurance Group reached 65,438+033.54%, and the comprehensive solvency adequacy ratio reached 65,438+065.26%.
In addition, Senior Sister checked the latest comprehensive risk rating results of China Life Insurance, one of the insurance companies under the China Insurance Group. It can be clearly seen from the data that the comprehensive risk rating of China Life in the second quarter of 2022 was Grade B. ..
This shows that the solvency of China Insurance is quite good!
If you want to know more about China insurance, please read this article:
"Is China Insurance reliable? You will know after reading it! 》
Third, Fude Life Life VS China Insurance, who can be better?
1. Company background
The registered capital provided by Fude Life Insurance and China Insurance both exceeds10 billion, and both have relatively strong financial strength. China Insurance was formally established in 1986, with a solid historical foundation and a long history. From the data of total assets, the total assets of Fude Life Insurance are more than 480 billion yuan, while the total assets of China Insurance are as high as 90.493 billion yuan. Both of them have strong Russian strength, but from the data point of view, Fude Life Insurance is better.
2. Solvency
The solvency of an insurance company must meet the above three requirements before it is qualified: the core solvency adequacy ratio is required to be ≥50%, the comprehensive solvency adequacy ratio is greater than 100%, and the comprehensive risk rating is greater than or equal to B.
As a result, the existing solvency data of Fude Life Insurance and China Insurance have passed.
But at the same time, it is not difficult to see that Fude Life's solvency is just up to standard, while China Insurance far exceeds the standards set by the CBRC. From this analysis, in terms of solvency, China Insurance is obviously more popular.
3. Advantage insurance
China Insurance Group has two insurance companies, China Property Insurance and China Life Insurance. The advantages of China Property Insurance mainly include auto insurance, medical insurance and accident insurance. Its products such as worry-free accident insurance for driving and century elite medical insurance have also attracted many people's attention, while the advantages of China Life Insurance include whole life insurance, critical illness insurance, winning whole life insurance, China Shi Sheng Changan lifelong critical illness insurance and so on, all of which are its main products in the near future!
The advantages of Fude Life Insurance are critical illness insurance and annuity insurance. Recently, worry-free critical illness insurance, Orange Guardian 1 and Xin Wealth Annuity Insurance are all popular products.
The advantages of these two insurance companies have their own advantages.
4. Hot products
To compare two insurance companies, of course, we should compare products. In fact, how about insurance companies, product strength is the most important.
So, next, the senior chose Shi Sheng Changan of China Life Insurance under China Insurance and Orange Guardian 1 underwritten by Fude Life Insurance for pk to see who could stand out.
Let's take a look at the product comparison assurance diagram:
Comparing the highlights of critical illness insurance, it is natural to compare the protection contents of the two. Now senior sister will explain the guarantee content of these two products to everyone and see who can win.
Critical care
Regarding the setting of compensation times, the total number of serious compensation times of Orange Guardian 1 is 3 times, while that of Shi Sheng Changan is only 2 times. Both products cover multiple compensation for serious illness, so you can choose according to your actual needs. If you are interested in products that pay more for serious illness, it is undoubtedly wise to choose orange guardian 1.
As far as the proportion of compensation is concerned, the two products have equal compensation-100% basic coverage. However, the orange guardian 1 has a big bright spot, that is, if the insured is diagnosed as seriously ill 15 (excluding) before the policy and meets the claim conditions, after paying the original insurance premium, the insurance company will pay the insured an additional premium of 100% as special care fund for major diseases.
Relatively speaking, orange guardian 1 is better than the special care fund for this major disease.
Safety of intermediate diseases
As far as China's disease protection is concerned, Orange Guardian 1 has set a compensation ratio of 60% of the basic insurance amount, and Shi Sheng Changan has set a compensation ratio of 50% of the basic insurance amount. To a certain extent, the proportion of compensation determines how much insurance money we can finally get. If under the same conditions, the higher the proportion of compensation, it means that the insured will eventually get more insurance money. So in this game, orange guardian 1 is better.
Minor illness protection
Observing the security map, it is clear that Orange Guardian 1 has set up five minor illness compensations, while Shi Sheng Changan has provided three compensations, so you can choose according to your own needs.
What's more worth mentioning is that Orange Guardian 1 has set up a special care fund for mild illness, that is to say, the time when the insured suffers from mild illness belongs to 15 years (excluding) before the policy. In order to meet the claim requirements, the insurance company pays 30% of the basic insurance premium as a special medical fund for mild diseases in addition to the original insurance premium. The orange guardian 1 is equally bright at this point.
Death protection
In terms of death protection, the two products have their own advantages.
1 The proportion of compensation for the death of Orange Guardian1before the age of 8 is more generous than that of Shi Sheng Changan. However, in Shi Sheng Chang 'an's death insurance, after the first anniversary of the contract (inclusive) and the first anniversary of the contract is 6 1 one year old or the year before 18 years old, you can get 50% of the basic insurance amount, which is higher than that of Orange Care 1.
Other guarantees
Orange Guardian 1 not only has the above guarantees, but also provides special care for severe diseases, special care for mild diseases, exemption of the insured, and insurance for certain benign tumors. And you can also freely choose insurance such as policyholder exemption, secondary payment for specific serious illness, and disability insurance for specific serious illness of the elderly. Contains a lot of security content, which can be flexibly matched according to your own needs.
Shi Sheng Chang 'an includes two optional guarantees: the second payment of nursing insurance for malignant tumor and the second payment of nursing insurance for specific cardiovascular and cerebrovascular diseases.
It can be seen that the guarantee content of orange guardian 1 is more abundant.
Senior sister found an in-depth evaluation of orange guardian 1 for everyone. Interested friends don't miss:
Fude Life Orange Guardian No.65438 +0, you must read three points before buying! 》
To sum up, although orange guardian 1 has the upper hand in products, it can't be the standard to judge the advantages and disadvantages of its public companies in terms of the advantages and disadvantages of the two products. Even under the same insurance company, there are many products, including products with high cost performance and products with poor cost performance.
Therefore, senior sister wants to inform you that when choosing insurance products, it is best not only to look at the reliability of the company, but also to see whether the products meet the protection needs of the insured! I hope everyone can finally buy insurance products that satisfy them!
Write it at the end
I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;
If the above content has not solved your problem, you can also come to top student, the official account of WeChat, and ask me about insurance.
I give you the most professional advice based on many years of experience in configuring insurance for 10W+ families.
WeChat official account: Xueba said that insurance costs less, buy the right insurance!