What's the difference between China life annuity insurance and Xinhua life annuity insurance?

Almost everyone knows China Life Insurance, while Xinhua Life Insurance is not as famous as China Life Insurance, but it belongs to the second echelon of the current insurance industry!

What about the annuity insurance provided by these two insurance companies? Is the income high? Is it worth configuring? The following senior sister will reveal the answer for everyone.

Before entering the theme, the senior prepared a pit prevention strategy. If you want to avoid falling into the pit when applying for annuity insurance, you have to read it carefully:

Learn this trick and stay away from the 99% pit of annuity insurance.

1. China Life Insurance VS Xinhua Life Insurance, which is better?

1, company strength comparison

China Life Insurance Company, formerly known as China People's Insurance Company, was established in 1949. Headquartered in Beijing, it is one of the top 500 enterprises in the world and one of the top 500 brands in China, and belongs to the national vice-ministerial unit.

In 2020, the Group's consolidated operating income was nearly 1 trillion yuan, consolidated premium income exceeded 750 billion yuan, consolidated total assets exceeded 5 trillion yuan, and consolidated management of third-party assets was18 trillion yuan, which continued to maintain a historical high.

In 2020, China Life Group ranked 45th in Fortune Global 500, and127th in the list of "Top 500 World Brands" in the world brand laboratory, with a brand value as high as 41586,438+0 billion yuan.

Xinhua Life Insurance Company was established in September, 1996, and its headquarters is in Beijing.

In the first half of 2020, Xinhua Life Insurance Company realized a total premium of 96.879 billion yuan and total assets of 93.9355438+0 billion yuan, and was selected as one of the Fortune China and Forbes Fortune 500 companies for many years.

Xinhua Life Insurance Company has established a nationwide sales network with 65,438+0,767 branches, 36,504 back-office employees and 507,000 salesmen, providing comprehensive life insurance products and services to 32.262 million individual customers and 86,000 institutional customers.

The first and second gradient insurance companies have strong financial strength!

2. Solvency comparison

The meaning of solvency is to judge whether an insurance company has the ability to pay insurance benefits.

The solvency information that insurance companies must publicly disclose every quarter is required by the CBRC, and there is also a set of strict judgment criteria:

The core solvency adequacy ratio is above 50%; ② The comprehensive solvency adequacy ratio is above 100%; ③ The comprehensive risk rating is Grade B or above.

Only when the above three conditions are met at the same time can this be regarded as a solvency standard.

According to the latest quarterly solvency data, China Life's core solvency adequacy ratio is 16 1.93%, its comprehensive solvency adequacy ratio is 230.26%, and its risk rating is AAA. The core solvency adequacy ratio of Fude Life Insurance Company is 14 1.68%, and the comprehensive solvency adequacy ratio is 240.74%.

It can be seen that the solvency of the two insurance companies is also remarkable, which not only meets the standards, but also far exceeds the prescribed standards!

I briefly told you about China Life Insurance and Xinhua Life Insurance. Who is better, China Life Insurance or Xinhua Life Insurance?

The following will be announced soon!

2. China Life Insurance VS Xinhua Life Insurance, whose annuity insurance is better?

Senior sister selected 202 1 products from two insurance companies for your evaluation. Evaluate by comparing two products. Let's take a look at the product comparison chart first:

1, insurance rules

There is little difference between the two types of annuity insurance in terms of insurance age and payment period. You can apply if you are less than or equal to 70 years old. It is very friendly to the elderly and has a low insurance threshold.

Batch payment and annual payment are two payment cycles that they also choose to set. Wholesale payment refers to a one-time payment of insurance premiums. Compared with annual payment, this payment method will be more suitable for people with high income and instability for the time being.

For more information about barter, you can learn from this article:

What do you mean by wholesale? Which is better than annual communication? 》

As for the guarantee period, Xinyao Future gave us a fixed number of years of 15, which is too selective. Compared with Huijin, Huijin can choose to protect 65,438+00 or 65,438+05, so Huijin is more flexible.

2. Death protection.

Xinyao's future is mainly to pay the premium paid, but returning to Jinsheng is to take the greater of the premium paid and the cash value.

At present, in annuity insurance, some death protection is excellent, and the premium paid, the current price and the insured amount will be higher. This setting will be more appropriate to use. No matter what happens, such as the accidental death of the insured, the insurance company will also bear certain risks for its family members and give different compensation at different stages, which is a better guarantee for the family members.

Therefore, judging from the specific content of this guarantee, the work of Xinyao Future and Hui Jinsheng is not good enough and needs to be strengthened.

3. General account.

In a word, the universal account is the channel for the insured to obtain additional benefits. If you don't want to take out the annuity, you can still increase your income by directly choosing to leave the money in the universal account!

As can be seen from the protection map, both Xinyao Future and Huijin Sheng can attach related universal accounts, which is very beneficial from the perspective of the insured.

But at present, the guaranteed interest rate of many universal accounts is 3%, and 2.5% is actually the guaranteed interest rate of Xinyao Future and Huijin Sheng. It's unbelievable!

4. Income.

There is an insurance called annuity insurance, which has the function of financial management. Students are particularly interested in income. Let's take a look at the income of these two annuities with our senior sister!

Take the 30-year-old population as an example, the guarantee period is 15 years. Let's see which annuity insurance has better income:

As can be seen from the income calculation chart, Hui Jinsheng's income has not reached a relatively high level, and Xinyao's future income has not.

After all, many insurance companies in the market have high-yield annuity insurance products, and the internal rate of return can reach 3.5%!

Although these two products have won a lot of praise, but for friends who value income, Senior Sister doesn't recommend into the pit.

Third, the summary of the senior sister

In a word, China Life Insurance and Xinhua Life Insurance are both good in strength and solvency, but their annuity insurance products are not ideal.

So, if you want to buy annuity insurance in the near future, take a look at this annuity insurance list, which contains many high-yield annuity insurance products:

Want to buy high-yield annuity insurance? Don't miss this 10 model again! 》

Write it at the end

I am an expert in insurance, focusing on objective, professional and neutral insurance evaluation;

If the above content has not solved your problem, you can also come to the official account of WeChat to learn to bully and say that insurance consulting me;

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

WeChat official account: Xueba said that insurance costs less, buy the right insurance!