20220630 Overview of the current state of insurance as I see it

Disclaimer: This article is not to recommend, sell, or compare insurance companies and products, but only my personal perception and experience of the life insurance industry. Please do not make too many extensions and guesses.

Since disability insurance began to be closed in 2019, the summer of insurance policyholders’ rights and interests may be declared over, and various insurance companies have begun to tighten their sales and actuarial strategies. The already expensive customers and businesses of Fubon, Cathay Pacific and Nanshan may be I don’t have much feeling yet, but the customers and businesses who have insured the canned policy may be greatly shocked. The disability insurance of each company is directly and permanently removed after 2-3 revisions. Farglory’s actual payment medical insurance is After the revision three times, the rate has tripled. After the revision of the new version of Global Life, the insurance and premiums will increase simultaneously. Compared with the old product, the personal price will increase by about 15-20. After two years, I also left the market sadly, and even made a big case that may be the first big case of discontinued products and still changing the rate. After all, in the past, various insurance companies had a tacit understanding that they would not move the discontinued products. , However, after Hongtai Life Insurance fired the shot, although it was returned by the Financial Supervisory Commission and added a consent letter to the signing process, I don’t know what long-term impact will be, Yuanta Life Insurance lasted a bit longer in comparison. , but still face the fate of stop selling.

At this time, Taishou, which once adjusted the insurance rules and made it difficult to buy insurance policies, quietly lowered the threshold. When the HNRB, which had been selling for many years, was changed to HNRC, not only did the rates remain unchanged, but the maximum renewal age increased by ten years. Presumably other companies are also confused about the operation. It may be that the waste oyster avoided the cutting edge of various companies in the first two years, and when everyone tightened various regulations, they wanted to take the opportunity to seize the pie that was given up. They want to compete with Cathay Pacific Fubon in the life insurance sector Competing for the leader in financial control, although I am not very optimistic, after all, there is no way to make money by selling products with high CP value. Training plates to support directors and supervisors is the way to become the king of financial control (shareholders are also high in QQ EPS, obviously useless), But for policyholders on a budget, this is clearly an oasis in the desert.

Another thing that no one cares about is that as early as the beginning of 2020, all property and life insurance companies have all stopped selling overseas travel insurance products, but no one has ever thought of going to change (obviously the same protection content) ), it was not until the beginning of June this year that the number of people who went abroad to study and work began to pick up, and various property insurance companies realized that they had to adjust. They used to be able to buy 500,000 MR + 3 million overseas sudden diseases with a few thousand yuan. The spree that is available has also been discontinued, so sorry. What puzzles me is that the European Schengen student visa can only be issued with a certificate of sufficient insurance policy attached. Now the insurance policies are all discontinued.

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