How about CITIC Prudential Life Insurance? Is it reliable?

Many people want to know how prudential life insurance company will go bankrupt. Most people worry that their insurance policies will also be implicated, and insurance companies may not be able to keep up with claims.

In fact, it is difficult for insurance companies to go bankrupt. Even if it goes bankrupt, the insurance policy will still be handed over to other insurance companies, and the protection will not be less, just a new insurance company. Let's analyze the situation of this insurance company!

If you are very worried about the bankruptcy of insurance companies, you might as well take a look at the following article:

The insurance company went bankrupt. What about the insurance? 》

1. How about Prudential Life?

1. Advantages of CITIC Prudential Life Insurance

CITIC Prudential Life Insurance Company was established in 2000, which was jointly initiated by China CITIC Group and Prudential Group of the United Kingdom. At present, Xincheng Life Insurance is headquartered in Beijing with a registered capital of 2.36 billion yuan. By June 365438+February 0, 2020, the company's total assets reached 13865438+ 100 million yuan.

At present, Xincheng Life Insurance has set up 265,438+0 branches in Guangdong, Beijing, Jiangsu, Shanghai and Hubei, and nearly 240 branches in 94 cities. The company has a large scale of development.

Moreover, in the first half of 2022, CITIC Prudential realized the original premium income of 654.38+0.58 billion yuan, a year-on-year increase of 654.38+03%.

Moreover, in the third quarter of 2022, CITIC Prudential's core solvency adequacy ratio was 13 1.97%, and its comprehensive solvency adequacy ratio reached 226.59%. The CBRC stipulates that the core solvency adequacy ratio of insurance companies shall not be less than 50%, and the comprehensive solvency adequacy ratio shall not be less than 100%. It can be seen that the core and comprehensive solvency ratio of CITIC Prudential is much higher than the minimum standard stipulated by CBRC.

In addition, comprehensive risk rating is also a part of the strength of insurance companies. According to the monitoring indicators such as solvency adequacy ratio, operational risk, strategic risk, reputation risk and liquidity risk, the insurance companies are rated as A, B, C and D every quarter, and CITIC Prudential's latest comprehensive risk rating is BBB, which shows that CITIC Prudential has strong risk stability.

Generally speaking, the strength of insurance companies can be seen through premium income, solvency and comprehensive risk rating. For example, the strength of CITIC Prudential is very good.

2. Speed of claim settlement of CITIC Prudential Life Insurance

With the improvement of CITIC Prudential's online claim mode, according to CITIC Prudential's 2020 claim report, CITIC Prudential made a total of 696,400 claims in 2020, with a total compensation of 65.438+35 billion yuan. The limitation of claims is 0.39 days, and the speed of claims is very fast.

Having said that, it is not difficult to see that Prudential Life Insurance is a reliable insurance company with good strength and settlement speed. Click on the following article to get more information and products of CITIC Prudential Life Insurance:

"Prudential and reliable? I'm a little hesitant to finish these products ... "

2. What about the products of Prudential Life Insurance?

After talking about the strength and settlement speed of Prudential Life Insurance Company, the following senior will take you to evaluate the products of Prudential and cherish You Xuan 20 19 term life insurance:

As can be seen from the figure, the coverage of Zhenai Preferred 20 19 is relatively simple, with only death and total disability coverage, and the compensation ratio provided is 100% of the basic insurance amount. In addition, there is the right to guarantee the increase and the right to convert the annuity/increase into whole life insurance. So what are the advantages and disadvantages of this insurance product?

Advantages:

1. Flexible guarantee period

Cherish You Xuan 20 19 This product has five guarantee periods for you to choose at will. You can choose to protect it for 20 or 30 years, or you can protect it until you are 60, 70 or 99 years old. Choose freely and flexibly to meet the needs of different people.

In term life insurance products, it has been a long time to be able to guarantee 99 years old.

2. Loose health information

Cherish and choose 20 19. The better thing is that people with breast nodules and thyroid nodules can also buy them directly, which is a friendly guarantee for such people.

Step 3 subtract the exemption clause

There will be an exemption clause in life insurance. If the content is involved, it is not within the scope of insurance company claims. When the exemption clauses of a life insurance are less and less and more relaxed, it is very beneficial to the insured.

The exemption clause of Zhenai Preferred 20 19 is still relatively few, because there are only three, and this exemption clause of Zhenai Preferred 20 19 is one of the few in term life insurance at present.

4. Enjoy the right of appreciation and conversion.

As the name implies, the right of conversion refers to the right of conversion after the fifth year of insurance and before the age of 60, and the insured can enjoy it without seeing the health notice. Whether converting term insurance into annuity insurance or increasing whole life insurance, it has strong flexibility, such as annuity insurance or increasing the amount. Whole life insurance can also meet the needs of users in this respect.

The right to increase the insured amount refers to the life events that occur at a certain stage of the insured's life. If the insured amount is insufficient, you can apply for an increase in the insured amount. For example, when you graduate from college, get married, be a parent, and buy a house, there are regulations to increase the insured amount, which cannot exceed 50% and 654.38+00,000 of the current insured amount. Although the insurance coverage has been increased, there is no waiting period and health notice, but it is necessary.

Disadvantages:

Insurance has some restrictions:

If all the insurance coverage has been purchased together, and the insurance coverage is more than 3 million, then you can no longer apply for Cherish You Xuan 20 19. In fact, retirees and unemployed/unemployed people cannot be insured, and they can only choose to be insured two months after the pregnant woman gives birth.

It is not difficult to find that cherishing You Xuan 20 19 has many advantages and the premium is relatively cheap, so it is a good term life insurance.

If this product doesn't impress you, then 10 life insurance on the market is definitely suitable for you:

Top Ten Life Insurance Rankings Worth Buying! 》

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