It is recommended that you can choose China Life, because Ping An is currently in the phase of change , for the following reasons:

1,Peace of China is currently in the phase of change , to the Internet finance this piece of development.

2,State-owned brand, after-sales guarantee. China Life is a state-owned enterprise, the head office plus its many subsidiaries of China's largest commercial insurance group, but also one of the largest institutional investors in China's capital market, the world's top 500 brands, known as China's insurance industry, "the mainstay".

3,Yield China Life is on the rise: China Life's first half of the total investment return of 5.77%, up 199 basis points from the same period in 2018. Consolidated investment yield after considering the net change in fair value of available-for-sale financial assets included in other comprehensive income for the period was 8.24%, up 463 basis points from the same period in 2018.

4. New insurance products: China Life Insurance Company developed the "Guoshoufu (Perfect Enjoyment Edition)" series and "Kangning Lifelong (Supreme Edition)" for health, China Life Insurance Company has developed the "China Life Insurance (Perfect Enjoyment Edition)" series, "Corning Whole Life (Supreme Edition)", "Wealthy Family" participating whole life insurance, and "Whole Family" series of products for health. Asset management has taken the lead in launching the "Phoenix" and "Kirin" series of products to alleviate the risk of equity pledges by listed companies and support private enterprises in solving their financing problems.

5. China Life claim cases:

a. At 22:55 on June 17, 2019, a 6.0-magnitude earthquake occurred in Changning County, Yibin, Sichuan Province. After the earthquake, China Life Property and Casualty Insurance attached great importance to it and immediately activated the emergency plan for major emergencies.At 8:32 a.m. on June 18, a customer's vehicle in Gao County, Yibin, was damaged due to falling objects from a height.

China Life completed the company's first payout in this disaster within one hour of receiving the report. As of June 24, the Yibin branch of China Life received 10 reports from the earthquake area, with no casualties. At present, 9 claims have been completed, with more than 20,000 yuan paid out. China Life P&C will continue to provide fast, convenient and humanized services to our customers.

b.In June 2019, heavy rainfall in many places in the south of China erupted into flooding, crops were severely affected, and enterprises, institutions and people suffered significant property losses.

After the disaster, China Life Property and Casualty Insurance attached great importance to the disaster, and the relevant organizations at all levels were mindful of the affected customers, activated the emergency procedures at the first time, formulated the emergency measures and plans for claims service, simplified the claims process, and carried out the claims service work with all efforts.

As of June 24, 1,395 cases have been reported due to this southern rainstorm, with an estimated loss amount of more than 20 million yuan, and the claim settlement work is being carried out in an efficient and orderly manner, so as to enable the affected customers to resume normal production and life as soon as possible.

Expanded information:

Common misconceptions about insurance:

One, the more varieties of products you buy, the more comprehensive the coverage will be. The first thing you need to do is to get a good deal of money to buy a new car, and then you can buy a new car, and then you can buy a new car. According to their own occupation, age, family structure, physical condition and financial ability to choose the current needs of the species. The expert's advice is that the expenditure on the insured items should not exceed 10 percent of your income.

Two, the child is the future, the child insurance is good: in the children's spending is the total expenditure of each family accounted for a relatively large part. Including the usual food and clothing, but also the child's education. Some parents set up an education fund for their children from a very early age, but ignored the fact that they are the backbone of the entire family.

Once the power to generate income for the family has weakened or even disappeared, the impact on the family will be great. Therefore, when taking out an insurance policy, you must first consider insuring the backbone of your family first, and then consider buying for other members of the family when you have the spare capacity.

Three, buy more, must pay more: in the market economy is increasingly competitive today, product homogenization is becoming more and more serious. The products launched by major insurance companies are very similar. So many people hold this kind of idea: I insure the same kind of insurance in a number of insurance companies, then when the claim will have a lot of copies.

Note, this is a very typical misunderstanding of insurance. The principle of claim settlement is different for different types of insurance. Here's an example: Wang hurt her leg in an accident, and she had previously purchased medical expense insurance from three separate insurance companies, and she thought she would get triple compensation.

But she didn't realize that medical expense insurance, as a kind of compensatory insurance, applies the principle of indemnity, which means that within the limits of the insurance amount, the insurance company pays the insured person according to the actual medical expenses he or she has incurred.

In other words, no matter how many medical expense insurance policies you have taken out with how many insurance companies, the total amount of the final benefit cannot exceed the actual medical expenses incurred. Before taking out an insurance policy, you should first understand the insurance company's claim principles, claim channels, and claim amounts, so that you can get the expected compensation in case of an accident.

Reference:

Baidu Encyclopedia-Insurance

Baidu Encyclopedia-China Ping An Insurance (Group) Co.

Baidu Encyclopedia - China Life Insurance (Group) Co.