Many friends will pay special attention to the situation of the insurance company when buying insurance, fearing that the company is unreliable and will not be able to settle claims in the future.
When mentioning the company Fude Life Insurance , many people’s reaction is “I have never heard of it. Is it a scam company?”
But in fact, whether it is in terms of funds or solvency, , Fude Life Insurance is reliable.
today will take you to learn more about this insurance company.
The main content of this article is as follows:
- Is Fude Life Insurance reliable?
- Will Fude Life Insurance go bankrupt?
- How to buy insurance?
1. Is Fude Life Insurance reliable?
Fude Life Insurance is headquartered in Shenzhen, Guangdong. It was founded in 2002 and is a national life insurance company. its registered capital has reached 11.752 billion yuan, and its total assets have now exceeded 270 billion .
In terms of capital alone, Fude Life Insurance is quite strong. However, just looking at the amount of funds cannot determine whether an insurance company is reliable. Specifically, it depends on its solvency.
Solvency is the ability of an insurance company to repay its debts, and it is also an important indicator that reflects the ability of an insurance company to resist risks.
If the solvency does not meet the standards, it means that once a larger-than-expected compensation occurs, the insurance company's ability to resist risks will be very weak.
According to the current requirements of the China Banking and Insurance Regulatory Commission, the following three points need to be met to meet the solvency standards:
The core solvency is not less than 50%. Currently, the comprehensive solvency of Fude Life Insurance is 04%
. At present, the comprehensive solvency is not less than 100%. The comprehensive risk rating of Fude Life Insurance is 22%
. The comprehensive risk rating of Fude Life Insurance is at level B and above . Currently, Fude Life Life Insurance is B
(Affected by the epidemic, the China Banking and Insurance Regulatory Commission has not yet disclosed the annual information for 2021)
You can see the indicators of Fude Life Insurance. All are qualified, all indicators are good, and very reliable.
Based on the above conclusions, Fude Life Insurance will not suffer from poor management in the short term, and it can fully cope with extreme situations.
2. Will Fude Life Insurance go bankrupt?
With the above conclusion, some friends are still worried that after all, insurance is a guarantee for decades, but what if it is reliable now and goes bankrupt in the future?
In fact, the probability of insurance company bankruptcy is really low. Even if it goes bankrupt, it will not affect our policy rights.
Insurance companies are not ordinary enterprises and are strictly supervised by the China Banking and Insurance Regulatory Commission. Even if extreme situations occur, there are still ways to deal with them in the insurance law.
Even if the insurance company operating the life business goes bankrupt, the policies it holds will have to be transferred to other insurance companies. If no insurance company takes over, the China Banking and Insurance Regulatory Commission will designate an insurance company.
So the possibility of an insurance company going bankrupt is very small. Even if it goes bankrupt, it will not affect future policy payouts.
The China Banking and Insurance Regulatory Commission will make an assessment of the situation of insurance companies every quarter. If there is any situation that does not meet the standards, it will be taken over to ensure the interests of the insured.
Insurance is an industry related to people’s livelihood. It has a complete set of risk control strategies and is not as fragile as imagined. Friends, you can rest assured.
3. How to buy insurance?
Since insurance companies are reliable, with so many types of insurance including critical illness insurance, accident insurance, medical insurance, term life insurance, etc., how do you buy it?
. What kind of insurance should I buy?
There is no absolute answer to the choice of insurance. It depends on the individual. Here is a reference based on age groups:
Children: critical illness insurance + millions of medical + accident insurance, Children do not have family responsibilities. Term life insurance is not required
Adults: critical illness insurance + one million medical + accident insurance + term life insurance, Adults have greater family pressure, and all protection responsibilities need to be fully equipped
Elderly: one million medical + accident insurance, Elderly It is not cost-effective to buy critical illness insurance when you are older. At the same time, you are approaching retirement and there is no family pressure, and there is no need to configure life insurance.
. The product is more important than the company.
The essence of an insurance product is a contract. Since it is a contract, what you need to look at is the contract itself, not the insurance. company.
The insurance contract will pay the compensation according to the agreement. It will not compensate tens of thousands more because of a big company, nor will it not compensate because the company has not heard of it.
What's more, the criteria for judging insurance companies are inherently subjective. Each insurance company has a lot of capital behind it. As long as the product is cost-effective, it is worth buying.
. Is the insurance amount sufficient?
Like critical illness insurance, term life insurance, etc., the insurance amount is very important. If the insurance amount is not enough, it will not be effective.
It is generally recommended that the critical illness insurance amount is more than 300,000, and the fixed life insurance amount is more than 500,000..
If you are in a first-tier city and it costs more, it is recommended that a critical illness insurance amount of more than 500,000 is more suitable.
The insured amount should be selected according to your own budget and situation, and the specific configuration varies from person to person.
written at the end
Paying attention to the brand is a normal reaction in our daily life, but the insurance field is special and the quality is not determined by the brand.
Well-known companies invest high advertising costs, so they will naturally spread this cost into their products, while some insurance companies take the cost-effective route.
In the end, no matter which one you choose, it is actually safe, but I still hope that everyone will use every penny wisely and buy cost-effective products.
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