According to the latest data of the central bank, by the end of 2020, the total assets of insurance organizations in China reached 23.3 trillion yuan, a year-on-year increase of 13.3%. The insurance industry has developed for many years. At present, there are hundreds of reliable insurance companies in the sales market in China, and there are more than 1 10,000 kinds of insurance wealth management products. It can be said that insurance has gradually integrated into our daily life.
Is it necessary to buy insurance? Whether it is necessary to buy insurance depends on the specific requirements of customers. Naturally and objectively speaking, buying commercial insurance can really give social security payers a guarantee. After all, I'm not afraid of 10 thousand, just in case. Therefore, the purchase of commercial insurance can make the social security payer solve the accident better. However, the purchase of commercial insurance must be treated with caution, not only to carefully grasp the insurance clauses, but also to choose some insurance companies with relatively strong overall strength and excellent management to ensure that their policies are more foolproof.
In the past, some people who resisted buying commercial insurance thought that if the insurance company went bankrupt unexpectedly when buying commercial insurance, the purchased commercial insurance would become a piece of waste paper. After all, before this, an insurance company in China went bankrupt, and in 2020, Anbang Insurance, a medium and large insurance company, declared bankruptcy, becoming the third bankrupt insurance company in China. As a result, another commercial insurance giant went bankrupt, with a business scale of 2 trillion yuan. What should I do with the insurance policy purchased by the customer?
In August 2020, Baoshang Bank filed for bankruptcy, but within one month, Anbang Insurance Company also declared bankruptcy. Anbang Insurance Company, with total assets of more than 2 trillion, declared bankruptcy settlement and confirmed the members of the liquidation team. This trillion-dollar economic globalization insurance company went bankrupt in an instant, which is undoubtedly unacceptable to customers who bought Anbang Insurance. Besides, they can't help worrying about their insurance policy.
How did Anbang Insurance go bankrupt? Anbang insurance made its fortune by property insurance, with total assets reaching 2 trillion yuan in 20 16 years. In just over ten years, the business scale of Anbang Insurance has almost caught up with that of China Petrochemical, a central enterprise, which shows that its "overall strength is invincible". Since then, Anbang Insurance Group has gradually continued to recycle and expand its business processes in countries around the world.
As we all know, in 20 18, China Insurance Regulatory Commission found that Anbang Insurance Group Company had irregularities in its operation mode. In the case of occupying other small and medium-sized commercial insurance companies with great fanfare, the boss of Anbang Group applied some illegal acts. On February 23rd of the same year, China Banking and Insurance Regulatory Commission decided to dock Anbang Group for one year according to the regulations because it touched the "red lever" in China Banking and Insurance Regulatory Commission. However, before completing the docking, the CBRC announced that it was necessary to extend the docking period for another year. Unexpectedly, in September 2020, Anbang Group suddenly announced that it would dissolve the enterprise and set up members of the liquidation team.
In fact, before this, two insurance companies in China went bankrupt. The first is Guo Xin Life Insurance Company, which was established in 2005. It only survived for four months and was called the most "short-lived" insurance company. The second company is Oriental Life Insurance, which was established on 200 1. It is one of the four insurance intermediary companies approved by China after its entry into the World Trade Organization.
The insurance company went bankrupt. What should the former insurance customers do? According to relevant information, the "Everyone Insurance Group Company" established by BYD Group and China Petrochemical Company has completed the docking with Anbang Insurance, and its business process name has been changed to Everyone Insurance and Everyone Property Insurance. At present, about10.50 billion customers have been compensated, and the interests of other customers will be ensured in the future.
There is a saying that insurance companies are not easy to go bankrupt. According to the requirements of the Insurance Law, an insurance company must obtain the permission of the commercial insurance regulatory agency of the General Office of the State Council in advance and set up a settlement enterprise. In other words, insurance companies don't want to go bankrupt. Besides being able to abide by the company law, they should also abide by the insurance law. As we all know, insurance companies are likely to go bankrupt, but customers' policies are not easy to go bankrupt.
In fact, there are also requirements in the insurance law. The first is to transfer the China life insurance contract and risk reserve to other insurance companies that operate the China life insurance business process. That is to say, it was reorganized by other insurance companies, and then the insurance business process was also crossed out.
Therefore, if an insurance company goes bankrupt, there is no need to worry that its insurance cost will drop. Generally speaking, the full payment is less than 50,000 yuan and 90% of the payment is more than 50,000 yuan. In fact, it is the same as a financial institution. Since the reform and opening up, several financial institutions have had problems, but they have all been well solved in the end, and depositors are not easy to suffer in vain.