Zhuhai Union Life Insurance Company

Union Life Insurance is an insurance company that has not been established for a long time. When consumers want to know about He Zhong life insurance products, they usually search for "He Zhong life insurance scam". So, what is the scam of United Life? Union Life 20 17 Is An Ying Life's income high?

Last year, the China Insurance Regulatory Commission reported four typical cases investigated and dealt with on 20 15, one of which was: using product descriptions to make false propaganda, involving He Zhong Life Insurance. Details are as follows:

On June 20 15, Xinjiang Insurance Regulatory Bureau received complaints from insurance consumers, which reflected that during the product briefing held by Hami Central Branch of He Zhong Life Insurance Co., Ltd. (hereinafter referred to as He Zhong Life Insurance) on the 20th114, the insured company and insurance agent introduced the purchase of "He Zhong Jufu Fixed Investment Pension Security (dividend type)". The investigation found that insurance agents used the propaganda language of "5-year annualized rate of return of 24% and 10 annualized rate of return of 48%" to publicize and explain "He Zhong Jufu Fixed Investment Pension Security (Dividend-oriented)", exaggerating the income of insurance products, without using high, medium and low grades to demonstrate the future benefit payment, and did not prompt the uncertainty of policy dividend.

At the same time, it is also found that the propaganda courseware made and used by Hami Central Branch of He Zhong Life Insurance Company at the two product briefings of "He Zhong Jufu Fixed Investment Pension Security (Dividend-oriented)" held in June 20 14 contains the words "500,000 principal" and "250,000 dividend", and there are some problems in the product promotion of the insurance salesman's exhibition book "He Zhong Jufu Fixed Investment Pension Security (Dividend-oriented)".

The above case is probably what some consumers call a "joint life insurance scam". In fact, United Life Insurance Company won't lie. At present, the terms of all domestic life insurance companies need to be filed and approved by the China Insurance Regulatory Commission before they can be listed for sale.

Secondly, insurance companies are protected by law. However, in order to improve performance, there may be some salesmen who deliberately exaggerate their income when selling insurance, avoiding the important and neglecting the important. These are all personal actions. Although the insurance company has no responsibility, the CIRC will punish the company and the salesman accordingly. In any case, it may affect the rights and interests of our consumers, so please keep your eyes open and fully understand when buying insurance. Don't be fooled.

Finally, insurance companies are not allowed to fail. Only by filing for bankruptcy will insurance companies choose to merge because of poor management. In addition, the CIRC has the right to stop the business of this insurance company until there are enough funds to enable this insurance company to operate again. If it cannot continue to operate within a certain period of time, the court will declare it bankrupt. If an insurance company is declared bankrupt by the court, all its business will be represented by another insurance company designated by the CIRC to continue its after-sales service or go through the formalities of surrender.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.