Is Huaxia insurance formal?

Let's talk about the conclusion that Huaxia Insurance is formal.

Previously, the China Banking Regulatory Commission announced that it would take over six financial institutions, namely Tianan Property Insurance, Huaxia Life Insurance, Tianan Life Insurance, Yi 'an Property Insurance, New Era Trust and Xinhua Trust.

Although the insurance company has been taken over, my policy is still valid. Rest assured, the effective policy will not be affected.

In March this year, Huaxia Life Insurance was officially renamed as Zhong Rui Life Insurance, and it was legally transferred to the assets and liabilities that are still scary, including our insurance policy.

Huaxia Life Insurance was established in June 5438+February 2006 with a registered capital of15.3 billion. In 20 13, the company started to hang up all the way after changing new executives, and the premiums soared all the way: in 20 14, the total assets of Huaxia exceeded 100 billion; Total assets of 20 18 exceeded 500 billion yuan;

In 20 19, the premium income rose to the fourth place in China; In 2020, it will rank 449th among the top 500 in the world. Behind the "fame", the price paid is not small. According to relevant media reports, in 20 13, China Life lost158.7 billion yuan, becoming the loss king of the insurance industry in that year.

The main reason for the loss is the decrease of insurance business income and the increase of surrender premium, but the management fee, handling fee and commission of Huaxia have not decreased. In July 2020, the takeover conditions stipulated by relevant laws were triggered: Huaxia Life Insurance, together with Tianan Property Insurance, Tianan Life Insurance and Yi 'an Property Insurance (that is, Yi 'an, which went bankrupt and reorganized last year), was taken over by the China Banking Regulatory Commission.

Of course, whatever the reason, we consumers don't have to worry too much. After the takeover, Huaxia's business has not been interrupted, and it can still carry out its business normally. For example, 202 1 has a total premium income of 254.9 billion, ranking among the top five in the domestic market. However, after the expiration of 202 1 year, the expected effect was not achieved, so the takeover was postponed 1 year. Up to now, there has been new progress, which is what we mentioned at the beginning: Huaxia Life Insurance officially changed its name, and the China Banking Regulatory Commission and the Insurance Protection Fund set up a new company, Ruizhong Life Insurance, to take over.

On the whole, the matter of Huaxia Life Insurance has been settled, so we can pay attention to Zhong Rui Life Insurance in the future.

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