China Life Deposit Insurance?

At present, all banks have a deposit insurance system, which is a financial guarantee system. It refers to the system that qualified deposit financial institutions collectively contribute to set up an insurance institution, and all deposit institutions, as the insured, pay insurance premiums to them according to a certain proportion of deposits and establish deposit insurance reserves. When the member institutions have business crisis or face bankruptcy, deposit insurance institutions provide financial assistance or directly pay part or all of their deposits to depositors, thus protecting the interests of depositors, maintaining bank credit and stabilizing financial order.

The deposit insurance system guarantees customers' deposits on the basis of existing bank deposit management. With the deposit insurance fund, customers' deposits are safer than before.

Service tip: If you are worried about deposit safety, you can choose Ping An Bank. Ping An Bank will take various measures to protect customers' funds and information security. You can log in to Ping An Pocket Bank APP- Finance-Deposit+to learn about our deposit products and handling.

Reply time: September 2020-15. Please refer to the latest business changes announced by Ping An Bank in official website.

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