Is PICC and life insurance a family?

China PICC and China Life are two different insurance companies, but they are both the best in the insurance industry.

China People's Insurance Group Co., Ltd. (hereinafter referred to as PICC China) is a comprehensive insurance (financial) company, one of the top 500 in the world, and one of the largest insurance companies in the world at present. It is a state-owned enterprise with a registered capital of 30.6 billion yuan, and it is a very powerful company in the global insurance industry. The company's logo is English PICC.

At present, it owns more than ten professional subsidiaries such as PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Wenhua Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, Huaxia Broker, Zhongyuan Broker and PICC P&C Insurance. China PICC also holds 32.35% of the shares of CITIC Trust. Yanwu, the first chairman and president after the share reform. Fortune Global 500 20 13 ranked 256th.

As of 20 13, PICC has more than ten professional subsidiaries, including PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Wenhua Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, Huaxia Broker, Zhongyuan Broker and PICC Property. China PICC also holds 32.35% of the shares of China Credit Trust.

The business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trust, funds and other fields, forming a far-reaching insurance financial industry cluster at home and abroad.

20 12 Fortune Global 500 ranked 292nd. In August of 20 16, China People's Insurance Group Co., Ltd. ranked 24th among the top 500 Chinese enterprises in 20 16. 20 18 ranking of the top 500 in the world 1 17.

1. Solvency

The solvency of an insurance company directly reflects whether the insurance company has enough ability to compensate customers' insurance money. In the second quarter of 2020, China Life's core solvency adequacy ratio was 258.24%, and its comprehensive solvency adequacy ratio was 267.438+0%. According to the data of PICC China and official website, its core solvency adequacy ratio is 174%, its comprehensive solvency adequacy ratio is 2 16%, and its comprehensive risk rating is Grade A.

Obviously, the solvency of China PICC and China Life is good!

Of course, there are also these criteria to judge whether an insurance company is reliable: what should we look at when we look at an insurance company?

2. Claim limitation

Although buying insurance can avoid risks, if you can't get claims in time, what about avoiding risks?

Therefore, a good insurance company should have a short time limit for claims, so as to ensure that consumers can successfully solve the problems encountered due to serious illness.

According to official data, the average limitation of claims for China Life Insurance is 0.56 days, and that for minor cases is 0.2 days. The average claim limit of PICC in China is 65,438+0.57 days. Generally speaking, these two insurances are still relatively fast in handling claims!