Why do many people think insurance is a scam?

Insurance is a great invention in modern society! The essence of insurance is: everyone for one, one for everyone! To put it more clearly, it means helping each other.

“Help each other” should be the concept of “great kindness” advocated by the entire human race! It should be something that is accepted and appreciated by many people, but why is the behavior of "mutual help" such as insurance widely criticized by many Chinese people? Why do so many people think insurance is a scam? There are many reasons, but the main ones are as follows:

(1) Institutional reasons

The operating principles of the insurance industry must be operated within the framework of the law, and no insurance operating entity shall exceed it! However, the "Insurance Law" also has imperfections. On the one hand, this law still has many imperfect constraints on the operating standards of the insurance industry; on the other hand, it also limits the independent innovation of the insurance industry. This allows the insurance industry to operate extensively in some aspects, but has to shrink in some aspects! However, the development history of China's insurance industry is short after all, and there is insufficient experience at the legislative level. I believe that with the passage of time and the accumulation of experience, the Insurance Law will become more and more perfect and will focus more on protecting the interests of customers and the insurance industry.

(2) Industry reasons

Although the operations of the insurance industry, especially those of commercial insurance companies, are commercial activities, as a special industry, social responsibility must be given top priority Bit! However, the phenomenon of "valuing profits over justice" in the insurance industry is still quite prominent, and there has not yet been a fundamental change in the concept! On the one hand, there are still many unreasonable and unstandardized aspects in the design of insurance types; on the other hand, there are still cases where insurance agents are allowed to mislead customers!

(3) Social reasons

Despite its shortcomings, the insurance industry has generally played a very important role in ensuring social stability and economic development. However, the social level has not yet provided the insurance industry with a market position that can develop well! For example, the amount of compensation paid by the insurance industry has not been widely publicized by the news media; however, when the insurance industry "denies compensation" to an individual, it will be widely "celebrated" by the news media! Actually, this is unfair!

To sum up, the reason why some people in the insurance industry say it is a scam is mainly caused by the above reasons. Of course, there are also other more complex reasons, such as "sales misleading" and "false rumors." "etc! But the mainstream of the insurance industry is still healthy and sustainable! There will still be a large number of people who "curse insurance and buy insurance at the same time"! Because, no matter how many people are dissatisfied with the insurance industry, the protective role of insurance is recognized by most people! There is no doubt about this!