Is Ruihua Insurance legitimate?

On weekdays, when everyone buys home appliances, they can’t help but look at big-name products, thinking that they are more reliable.

I believe that many people will be like this when purchasing insurance. They think that insurance companies with well-known brands will be more reliable. However, they are skeptical about insurances that are relatively rare. But is this the truth?

There happened to be a fan asking about Ruihua Insurance backstage, so I will give you a comprehensive introduction now!

1. How about Ruihua Insurance? Is it reliable?

1. The strength of Ruihua Insurance is exposed!

Ruihua Health Insurance Co., Ltd., also known as Ruihua Insurance, was established in May 2018. Its business place is in Shanghai, and its current registered capital has reached 500 million yuan. As of March 2022, Ruihua Insurance has established branches in Guangzhou, Shenzhen, Foshan and Xi'an.

Although Ruihua Insurance has been established for a relatively short period of time, its achievements in the past few years cannot be underestimated. Ruihua Insurance won the Outstanding Product Innovation Award and the Most Innovative Insurance Brand Award in the Health Insurance Industry in 2019 and 2020 respectively. In 2021, it successfully won the Health Insurance Brand Award and the Top Ten Personal Risk Management in China Insurance Award!

According to Ruihua Insurance’s 2021 annual report, its insurance business revenue is approximately 1.363 billion yuan, an increase of approximately 477% compared with 2020. For a "newbie" like Ruihua Insurance, this growth rate is quite good, and it still has great development potential in the future.

If you want to know which powerful insurance companies are there in the market? You can open the following to see the latest insurance company rankings compiled by the senior sister:

"Freshly released!" Ranking of the top ten insurance companies in China! 》

2. Is Ruihua Insurance reliable?

Since Ruihua Insurance can be formally established with the approval of the China Banking and Insurance Regulatory Commission and is always in business, it is naturally reliable. After all, as the China Banking and Insurance Regulatory Commission in the "one bank and three committees", it is not a simple role. To put it simply, it plays the role of the "old father" of all insurance companies.

If the insurance company is still in business, the China Banking and Insurance Regulatory Commission will review it on time at different times, and quite often. Generally speaking, whether it is a quarter, every six months, or every year, it will basically be done. Implement once. There are also claims and complaint data from insurance companies, which will also be shown to the public from time to time.

It seems to be telling the insurance company: "I will keep an eye on you, don't do anything!"

With such strict supervision, there are several insurance companies." What about "wrong thoughts"? Ruihua Insurance is no different.

Also, even if an insurance company fails to perform well and faces bankruptcy, the China Banking and Insurance Regulatory Commission will find customers through capital injection, takeover, restructuring and other means to ensure that consumers enjoy the insurance rights they deserve.

Therefore, with the presence of the China Banking and Insurance Regulatory Commission, no matter whether it is a large company or a small company, everyone can rest assured about them.

3. Is Ruihua Insurance’s solvency acceptable?

In fact, solvency refers to the ability of an insurance company to repay customer debts. Although there is a China Banking and Insurance Regulatory Commission, we don’t need to worry about problems after insurance companies go bankrupt, but its own relatively good capabilities are ultimately a good thing.

The China Banking and Insurance Regulatory Commission has made very clear regulations on the solvency of insurance companies, namely, the core solvency adequacy ratio is not less than 50%, the comprehensive solvency adequacy ratio is not less than 100%, and the risk The overall rating reaches at least Category B. Once one of the three is missing, the insurance company still has a lot of room for improvement in its solvency.

Since the solvency of Ruihua Insurance will be updated regularly, in order to ensure the accuracy of the data, I have compiled the latest information below, and you can see it when you open it:

《 One article analysis! How about Ruihua Life? Is the product worth buying? 》

2. What are the popular products of Ruihua Insurance?

1. What are the advantageous insurance types of Ruihua Insurance?

As the old saying goes, “It’s better to do well than to do too much.” Although many insurance companies’ businesses will involve multiple insurance types, in order to “make a name for themselves”, they will only cover certain types of insurance. Put more energy into it, which is naturally its advantage.

The type of insurance that Ruihua Insurance has tried its best to develop is health insurance, especially in terms of critical illness insurance and medical insurance.

For example, it is like taking into account the economic losses caused by consumers' illness, it sets a higher compensation ratio for consumers in terms of compensation for critical illness insurance products. Or perhaps in order to make medical treatment more convenient for the insured, it has many value-added services, covering many medical insurance products by adding expert consultations, medical advances, etc.

2. Necessary tips for buying insurance!

I believe that all of you have deepened your understanding of Ruihua Insurance. As the saying goes, "If you understand everything, you will understand everything." If you want to To understand the general strength of other insurance companies, you can also refer to the ideas of senior students.

However, I still want to remind everyone that being familiar with insurance companies is only the first step in buying insurance. What is more important is to be familiar with specific products.

In order to help friends avoid the pitfalls of insurance, I have compiled some tips for buying insurance. You may wish to click on it to have a look:

Before buying insurance, you must Understand these key knowledge points first! 》

Written at the end

I am a top scholar who talks about insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not been resolved yet For your questions, you can also consult me ??on the official account Xueba Talk Insurance;

I will give you the most professional advice based on my years of experience in configuring insurance for 10W+ families.

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