China Life Insurance is paid for 10 years, with annual payments of RMB 30,000. Set for 20 years. It pays dividends. Is it reliable?

China Life is a national life insurance company approved by the China Banking and Insurance Regulatory Commission. All the products it launches are registered with the China Banking and Insurance Regulatory Commission, so the insurance products it sells are formal and legal, and everyone can rest assured.

But when we buy participating insurance from China Life, we should pay attention to the fact that the dividends of this type of product are uncertain. Although the insurance company advertises that the dividends are not capped, the insurance contract will state that the dividends are uncertain. This means that we may not receive dividends. Everyone should pay attention to this to avoid being cheated.

About China Life, I have analyzed it in detail before. Friends who want to know more about it can click on the link below to view the analysis article:

How is China Life? What products are there? Are they good? ?

Speaking of China Life, it is considered one of the top five insurance companies in China, and its overall strength is very strong.

China Life was established in 1949. Its business scope comprehensively covers life insurance, property insurance, funds and other fields, with annual premium income reaching hundreds of billions.

In terms of brand awareness and honors, China Life Insurance (Group) Company has been selected into the Top 500 World Brands for 15 consecutive years, and has been ranked among the World Brand Laboratory's 2022 (19th) China's 500 Most Valuable Brands Brand?, continues to rank fifth, with a brand value of RMB 452.539 billion in 2022.

And according to information disclosed by the China Banking and Insurance Regulatory Commission, in the third quarter of 2022, China Life’s core solvency adequacy ratio was 161.93%, and the comprehensive solvency adequacy ratio was 230.26%. The latest comprehensive risk level It is rated AAA and fully complies with the standards of the China Banking and Insurance Regulatory Commission.

However, when judging whether an insurance company is reliable, in addition to its solvency, one must also pay attention to the insurance company’s premium income, consumer reputation, number of claims disputes, etc.

How should we look at the above indicators? For details, you can read the following analysis article:

When we look at insurance companies, what exactly should we look for?

Finally, if you want to buy insurance without getting scammed, you must pay attention to these points:

Which insurance is better, how to buy it cost-effectively, and I will teach you how to avoid these pitfalls of insurance

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The above is the entire content of the answer, I hope you will adopt it.

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