Which one is more reliable, Sun Life Everbright Life Insurance Company or China Life Insurance Company?

I believe that many friends will choose large or well-known insurance companies when purchasing insurance products. They will think that large insurance companies will be more reliable, but the products of large companies are not necessarily good. , so everyone should focus on product protection when choosing insurance products.

Many friends want to see a comparative evaluation of Sun Life Everbright Life Insurance Company and China Life Insurance Company. So today I will compare it and see how the two compare. What kind of sparks are created.

1. Introduction to Sun Life Everbright Life Insurance Company

Sun Life Everbright Life Insurance Co., Ltd. was founded in April 2002. It is a life insurance company serving the whole country.

The company’s shareholders include China Everbright Group Co., Ltd. (50%), Sun Life Insurance Company of Canada (24.99%), Zhongbing Investment Management Co., Ltd. (12.505%) and Anshan Iron and Steel Group Co., Ltd. (12.505% ), with a strong background.

The statutory capital of Everbright Sun Life Life Insurance Company is 5.4 billion yuan. In addition, after more than 20 years of rapid development, the company has opened 24 branches across the country, and 80% of the country’s population areas are within its business scope. Within, basically covering all parts of the country.

According to the summary of Everbright Sun Life’s solvency quarterly report for the third quarter of 2022: Everbright Sun Life’s core solvency adequacy ratio for the third quarter of 2022 was 100.88%, and the comprehensive solvency adequacy ratio was 156.83%. The comprehensive risk rating for the second quarter of 2022 is Category A. Meets the standards of the China Banking and Insurance Regulatory Commission.

If you want to learn more about other contents of Sun Life Everbright Life, you can read the analysis article written by the senior sister:

"The latest strength of "Sun Life Everbright Insurance Company" is exposed, and the products are worth it Insured? 》

2. Introduction to China Life Insurance Company

China Life is classified as a state-owned extra-large financial and insurance company, a central financial enterprise, and is headquartered in Beijing. The company was founded in 1949. The business scope covers life insurance, property insurance, funds and other fields. The annual premium income has reached hundreds of billions, ranking among the top three in the country.

The China Life brand has been selected into the "Top 500 World Brands" released by the World Brand Laboratory for 13 consecutive years, ranking 132nd, and has been ranked among the "2019 (16th) China Life Brands" by the World Brand Laboratory. "500 Most Valuable Brands", ranking 5th, with a brand value of RMB 353.987 billion.

In addition, according to the solvency data in the third quarter of 2022, China Life Insurance Co., Ltd.’s core solvency adequacy rate is 161.93%, the comprehensive solvency adequacy rate is 230.26%, and the risk rating is AAA level, much higher than the standards set by the China Banking and Insurance Regulatory Commission.

If you want to learn more about the various contents of China Life, you can click on the link below to view the analysis article:

"How is China Life, what products are there, and are they good?" 》

3. Sun Life Everbright VS China Life, who is better?

1. Company background

As far as company background is concerned, the strength of both insurance companies deserves recognition.

Comparatively speaking, China Life's development scale is better than Everbright Sun Life Life. After all, it is one of the three giants of domestic insurance companies. Both total assets and premium income are stronger.

2. Solvency

Both China Life and Everbright Sun Life have excellent solvency. By comparison, China Life's solvency adequacy ratio is higher than Everbright Sun Life.

What does solvency mean? In other words, it is the ability of an insurance company to pay insurance premiums.

Under the supervision system of the China Banking and Insurance Regulatory Commission, insurance companies are required to have: core solvency adequacy ratio not less than 50%, comprehensive solvency adequacy ratio not less than 100%, and comprehensive risk rating need to be Category B and above. These three indicators must meet the standards at the same time to be considered qualified.

3. Advantageous insurance types

China Life is most famous for its health insurance, such as critical illness insurance, medical insurance, etc. The specific products include Huixiang Life A, Huixiangfu, and Love Yi Kang Yue, Exclusive Insurance Plan 2022, etc.

For example, for the Exclusive Insurance Plan 2022, let’s analyze China Life’s advantageous insurance types in detail.

As can be seen from the protection map, the main highlight of the 2022 Exclusive Insurance Plan is the multiple compensation for critical illness. Critical illness protection covers 120 major diseases, and the number of claims does not exceed 6 times.

If the insured unfortunately gets a serious illness, the body's immunity will not be as good as before, and some high-incidence serious diseases can easily cause complications. Compared with single-payment products, Exclusive Life Insurance The level of protection planned for 2022 is commendable.

However, there is one thing that should be paid more attention to in the 2022 Exclusive Insurance Plan, that is, it does not include secondary compensation for malignant tumors. Malignant tumors are one of the major diseases with a high incidence rate, and the probability of the disease is different from the old one. The possibility of disease recurrence is quite high.

In addition, I have included more evaluation content on the 2022 Exclusive Welfare Insurance Plan in the article below. If you are interested, you can read it:

"China Life Exclusive Welfare Insurance" Planning a 2022 protection upgrade? A must read before buying! 》

The core products of Sun Life Everbright are insurances such as whole life insurance and annuity insurance. In comparison, they focus more on financial management, such as Wealth Double Year-round Financial Insurance, Luck Supreme 2022, and Premium Whole life insurance 2022, Guangming Huixuan (type A) pension annuity insurance, etc.

The following takes Guangming Huixuan (Type A) pension annuity insurance as an example to analyze in detail the superior insurance types of Everbright Sun Life.

As can be seen from the protection map, the most advantageous part of Guangming Huixuan (Type A) pension annuity insurance is the guaranteed payment and the incremental increase in the insured amount.

Guaranteed receipt of Guangminghuixuan (type A) pension annuity insurance is supported for 20 years. If the insured dies unfortunately within the guaranteed payment time, the insurance company will cover the remaining uncollected balance. Those pensions that are paid out in one lump sum to the insurance beneficiaries are also very good.

In addition, the insured amount of Guangming Huixuan (Type A) pension annuity insurance will increase at a certain rate every year. The insured will be worth more in the later period. The more compensation you will receive.

In general, Everbright Sun Life and China Life are both the leading companies in China, and their strength is good. However, the products have different advantages and disadvantages. You can compare and analyze them before considering buying them.

Write it at the end

I am a top scholar who talks about insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not solved your problem For questions, you can also consult me ??on the official account Xueba Talk Insurance;

I will give you the most professional advice based on my years of experience in configuring insurance for 10W+ families.

Public account: Top academics say insurance costs less, buy the right insurance!