Are China PICC and China Life Insurance the same company?

China PICC and China Life Insurance are not the same company. China PICC is called "China People's Insurance Group Co., Ltd." and China Life Insurance is called "China Life Insurance Co., Ltd.", which are two different insurance companies.

If you are interested in these two insurance companies, you can read this article by Senior Sister:

China Life PK China PICC, who won the championship? I didn't expect this result either. ...

Then, in the next time, this senior will introduce PICC China and China Life Insurance to you. Before it's too late, go directly to dry goods!

1. Company background

China PICC is known as "the eldest son of new China insurance industry" and is the pioneer and founder of new China insurance industry.

After more than 70 years of development, PICC China has become a comprehensive insurance financial group with more than 65,438+00 professional subsidiaries, covering property insurance, life insurance, reinsurance, asset management, real estate investment and alternative investment, financial technology and other fields.

China Life Insurance Co., Ltd. is a leading enterprise in the domestic life insurance industry, headquartered in Beijing, with a registered capital of 28.265 billion yuan.

As a core member of Fortune Global 500 and Fortune Global 500 companies, China Life Insurance (Group) Co., Ltd. has won the trust of our customers with its long history, strong strength, professional leading competitive advantage and world-renowned brands.

In addition to these, what other aspects can be seen whether an insurance company is reliable? Senior seniors are arranged in this article:

What should we look at when we look at insurance companies?

2. Solvency

According to the provisions of the China Banking Regulatory Commission on the solvency of insurance companies, a company with a core solvency adequacy ratio of ≥50%, a comprehensive solvency adequacy ratio of ≥ 100% and a comprehensive risk rating of ≥ B is a company with solvency standards as long as the above three requirements are met.

According to the data of PICC Life Insurance (a subsidiary of PICC China) and China Life Insurance in 2023 1 quarter, the core solvency adequacy ratio, comprehensive solvency adequacy ratio and the latest risk rating of these two companies have reached the passing line stipulated by the China Banking Regulatory Commission, and they are trustworthy companies, so there is no need to worry about the inability to make claims.

But what if the corresponding insurance company goes bankrupt after insuring the product? Don't be afraid, senior, here are the solutions:

The insurance company went bankrupt. What about the insurance I bought?

Hope to adopt

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