Why did Ping An Universal Insurance Zhiying Life withdraw from the market?

Any kind of insurance will be replaced by new products after being sold for a period of time! The main reason is that the company's profit space is too large, which leads to the decrease of profits and the change of new accounting standards. If the premium is not included in the premium income, it will affect the ranking of insurance companies. Ping An Insurance will withdraw from universal insurance and do its best to do dividend insurance. In the future, universal insurance is likely to disappear in the market.

Life insurance also has a universal insurance that is delisted at the same time.