Renewal Bao, what does Ping An insurance mean?

Renewal Bao is a policy payment management tool tailored by Ping An Fu Technology Company for Ping An Life Insurance renewal customers.

After the service is opened, customers can deposit a certain amount less than the premium payable before the policy payment date and enter the renewal treasure, and automatically deduct the full premium for customers on the policy payment date.

At present, you can apply for renewal through SMS and China Ping An Life Insurance Company of China Insurance Company APP. Ping An Pay sets up value-added services according to the renewal period and premium amount of the policy, and then automatically completes the renewal on the premium payment date, which can save premium funds and facilitate payment.

Extended data:

According to the internal data of a life insurance company, in 20 17, the total income of the life insurance company was 700 billion, of which 279 billion was renewed, and the number of out-of-insurance orders exceeded 3.5 million, while the number of new growth insurance orders was less than 3.25 million.

On the one hand, the income from new business is much higher than that from renewal business; On the other hand, the company's annual number of insured users is higher than the number of new users. If the futures business cannot be activated by effective means, in a few years, the new long-term insurance and futures will be seriously unbalanced, and even the company's performance will be completely dependent on the new one, with disastrous consequences.

There are many reasons for the loss of insurance, such as users giving up halfway, lack of motivation of sales staff, inadequate follow-up service in the later period, delayed notification and reminder due to backward user information update, users switching to insurance, rising interest rates leading to the flow of users' funds to other wealth management products, and poor consumption motivation due to rising prices. Even the exchange rate and RMB depreciation are the reasons that affect the futures delivery of users.

Baidu Encyclopedia-Xufeibao