But many people often can't tell the difference between Taiping Life Insurance and Pacific Life Insurance.
Even if the two insurance companies are somewhat related, in fact, Pacific Life and Taiping Life are not a company at all, and they have nothing to do with each other.
So what exactly is their situation? Let's talk about it Anxious friends look here:
Pacific and Taiping Life, whose names are like twins, are they a family? 》
1. What's the difference between Taiping Life and Pacific Life?
1, the historical origin of Taiping Life Insurance and Pacific Life Insurance
The similar names of Taiping Life Insurance and Pacific Life Insurance are indeed related:
65438-0929, Taiping Company was established in Shanghai, and Bank of Communications is one of its shareholders.
However, 1934, Bank of Communications withdrew its shares and initiated the establishment of Pacific Company;
Later 1956, the national policy was adjusted, and the Pacific Company went bankrupt.
In the same year, Taiping also moved to Hong Kong. Its major shareholder, Jincheng Bank, was reorganized into China Bank Hong Kong Branch, and Taiping was reorganized into China Insurance Group, which specializes in overseas assets and business on behalf of the State Council. At this time, Taiping Company retained the Taiping brand name, but it was a two-brand organization;
199 1 year, Pacific Company reopened and is now the third largest life insurance company in China.
In 200 1 year, China Insurance Group resumed its mainland business in the name of Taiping, and is now the sixth largest life insurance company in China.
2. The strength of Taiping Life Insurance and Pacific Life Insurance
(1) China Taiping Insurance Group is a truly established large company with a long history. In 2009, the three brands of Taiping, China Insurance and Min 'an were unified, and China Insurance Group, headquartered in Hong Kong, entered the insurance group and was selected as one of the top 500 companies in the world for three consecutive years.
The subsidiary Taiping Life Insurance has a registered capital of 654.38+0.003 billion yuan and total assets of more than 600 billion yuan, with abundant funds.
(2) Pacific Insurance, also a group company, is the first insurance company listed in Shanghai, Hongkong and London in China. Ranked among the top 500 in the world for nine consecutive years.
As a group company, Pacific Insurance also has subsidiaries such as Pacific Life Insurance, Property Insurance and Yangtze River Pension Insurance.
Its subsidiaries, Pacific Life Insurance and Pacific Property Insurance Company, are quite strong.
There are many offline branches, with more than 2,800 in China. Pacific Life can achieve these achievements without the support of its parent company.
Second, which insurance company is more reliable to buy insurance?
Even though everyone has a certain understanding of the difference between Taiping Life Insurance and Pacific Life Insurance, there are still many friends who have doubts. Which insurance company is the best to buy insurance?
Senior sister teaches you some methods and tells you how to judge whether an insurance company is excellent or not:
1, company size
Taiping Life Insurance and Pacific Life Insurance are not within the scope of small companies. They advertise everywhere, open branches everywhere and mix faces everywhere.
But this does not prove that unknown small companies are unreliable!
Most customers really don't know that it is difficult to set up an insurance company, so they have the idea that the reputation of an insurance company is unreliable, and the following three conditions must be met at the same time:
To stay rich, at present, insurance companies have to invest at least several billion yuan.
Shareholders must have a good reputation and a clean industry background if they want to have strength.
Managers should know how to operate, and executives should know how to plan strategically.
From what we have mentioned above, it is not difficult to find that it is wrong to define every company that can enter the insurance industry to develop insurance products as a real "small company". If you want to buy insurance, you should not only consider famous companies, but also look at small companies.
Large companies and small companies have their own advantages, and everyone needs to choose according to their different advantages and disadvantages:
Is it better for a big company or a small company to buy insurance? 》
2. Claims settlement ability
It is very important for our consumers that insurance companies settle claims quickly. Of course, it can also measure whether an insurance company is good or not.
According to the insurance law, the limitation of claims is not allowed to exceed 30 days. Generally speaking, the probability of claims is still very stable, and most of them are stable above 97%. Moreover, most claims will be settled and paid within 3 days, even for insurance companies with good claims.
According to the statistics of claims data released by 202 1 insurance company, the payout ratio of Taiping Life Insurance and Pacific Life Insurance both reached more than 95%, which shows that they are still quick in claims settlement!
In short, when choosing an insurance company, we should also consider many aspects. But we should not only look at our own strength and reputation, but also pay attention to whether our protection requirements can be met through insurance product protection when buying insurance.
If you see that you are still hesitating about insurance companies here, I suggest you read this article again to help you clear your mind:
"When we look at insurance companies, what should we look at? 》
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