5 Most Reliable Insurance Companies in China

22,2009 Editor:AT0086.com| Resource:AT0086.com

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When you choose an insurance company, four important points should be seriously considered, including scale of operation, quality of insurance agent, insurance reserves, and Claims Service, because you must make sure that an insurance policy can really give you guarantee.
China Life Insurance Co., Ltd.
Founded on June 30, 2003, China Life Insurance Co., Ltd. (CLIC) was established on the basis of China Life Insurance Company. It was listed in New York, America and Hong Kong on December 17 and 18, 2003. And now it has over 4,800 branches and about 1 million high-quality personnel over the country, providing more than 100 million clients a wide range of insurance service. Its total market value lists first among all the listed companies in the world. Therefore, it has sufficient reserves for compensation. In March 2005, CLIC was named "consumers' most satisfied with and the favorite brand in China' insurance market" and "China's number one brand in the insurance industry".
China Ping An Insurance Company
Ping An Insurance (Group) Co. of China Ltd. was founded in 1988. On June 2004 and March 2007, Ping An was listed in HongKong and Shanghai Stock Exchange. By the end of 2008, it has over 3,000 branches and about 440,000 personnel with professional knowledge and abundant experience, providing more than 42 million clients a wide range of insurance services. On April 2007, Ping An was listed in the world's top 500 as the only one non-state-owned enterprise in China. With its total capital reaching RMB 651 billion, Ping An provides sufficient insurance reserves for compensation and it always view full-Process claims service as it first commitment to customers.
China Pacific Insurance
Founded on May 13, 1991, China Pacific Insurance (Group) Co., Ltd. (CPIC) was established on the basis of China Pacific Insurance Co., Ltd. It was listed in Shanghai Stock Exchange. By the end of 2008, CPIC Group has over 5400 branches and 284,000 staffs over the country, providing professional insurance services for customers. From 2000 to 2005, CPIC was granted "International Gold Star for Quality", "Diamond Award for Quality" by Business Innovation Direction (BID). The company ranked third in the PRC life insurance market. This excellent performance will ensure customers getting the fastest and best claims services.
Xinhua Life Insurance
Xinhua Life Insurance Company Limited was founded on August 1996. After 13 years rapid development, its total capital has reached 160 billion at the end of 2008. On March 2009, Xinhua Life Insurance became a state-owned enterprise. Now it is a large national company with 34 provincial branches and 220,000 personnel all over the country. Over 95% of its staff receives Bachelor degree, and they all possess high-level professional ethics. Nowadays, its market share occupies the fourth place in this industry in the country. Besides, Xinhua is famous for its best claim service. If the damages are below 500 Yuan, the claim will be solved on the spot, and over 500 Yuan, it will be solved in 3 days. It does benefit customers.
Taikang Life Insurance
Established on August 1996, Taikang Life Insurance Co. Ltd develops rapidly. Nowadays, it has set up 32 branches, 259 central sub-branches over the country. In this company, every employees and sales will receive specialized and professional job training and should pass strict qualification tests to make sure they can be qualified for jobs. At the end of 2008, the gross asset of Taikang Life hit RMB 200 billion and became a large-scale investor in domestic capital market, and its recorded premium income of RMB 57.7 billion, or 69% higher than that of the year before. The company ranked fourth in the PRC life insurance market and its overall solvency ratio is above 200%, making sure the best claims service.

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