Economist Lang Xianping: China's insurance is all deceitful! Is this really the case?

Insurance is a kind of protection that many families will buy, insurance can be divided into many kinds, can involve all aspects of our lives, insurance can protect a part of our insurance when an accident occurs to get a certain compensation, which can greatly reduce the pressure brought by sudden accidents in life to the family.

The original intention of the insurance business is to bring people peace of mind, but the economist Lang Xianping attacked China's insurance business as a deception, and we often hear some remarks about the impracticality of the insurance business in our lives, but is this really the case?

The "chaos" of China's insurance industry

The insurance business has been highly regarded since its inception, until recent years, because some insurance companies have designed randomly to "circle money", regardless of the real needs of customers, the insurance industry has begun to be "blacklisted" by many people. Many people spend a few hundred or thousands of dollars a year on insurance just to find peace of mind, and we often see young men with briefcases selling insurance.

But sometimes the service of the insurance company is very unsatisfactory, when we are promoted to insurance, the staff are nodding their heads, but when we really need to claim compensation in the event of an accident, we will find that the insurance company finds various excuses to refuse to pay.

Some insurance companies will add some unreasonable charges when customers handle business, and they often ask customers to pay additional fees under the pretext of handling fees, management fees, etc.

Let customers increase spending without their knowledge.

There are also some insurance companies that use various means to induce people to buy insurance, claiming to be intermediaries, but in fact, the business of their subsidiaries or companies does not exist directly. Others use their customers' information to do something illegal.

There are countless means of bad people, customers are annoyed by their various means, there is a saying called a mouse spoils a pot of soup, the behavior of these bad people also affects the good companies in the same industry that really serve the people.

The state rectifies the chaos of insurance

In July 2021, the National Banking and Insurance Regulatory Commission issued a "Notice", which pointed out that many insurance companies have illegal operations, and some insurance companies have also been found to have false business and false expenses, so that the people's money has been lost. These "chaos" show that there are indeed great drawbacks in China's insurance industry.

It is precisely because of the existence of these "chaos" that people are increasingly distrustful of the insurance industry, and more and more people are attacking the industry.

But is the once-highly regarded insurance industry really all about scams? Definitely not, if the real insurance is all disadvantages, it will not always be bought, and the industry will not exist for so long.

While there are some people in the insurance industry who do things that are hard to trust, we still need to give them the opportunity to do things that are good for the people, believing that they can go down the right path.

Is insurance really a scam?

Lang Xianping is an economist in Taiwan, China, who has made many achievements, but he has publicly expressed his view that China's insurance is a lie, which caused heated discussion at the time.

From his attitude towards Guo Meimei's mother and daughter, we should also think about whether his views are really desirable. The scholar's view is supposed to be dialectical, but his very arbitrary view that all insurance in China is deceptive is thought-provoking.

When the insurance business was first launched, it wasn't acceptable to everyone, as money needed to be paid on a regular basis to get a claim in the event of a future payment. This kind of purchase of accidents seems absurd to people, but these reasons do not stop those who have money and fear of accidents.

It is precisely because of the "first person to eat crabs" that everyone has seen the advantages of insurance, and at a certain stage, many people are competing to buy insurance. Even now, many people will buy a guarantee for themselves, and some celebrities even spend a lot of money to buy insurance for certain parts of their bodies, which shows that the insurance business does have its existence value.

Some people will think that it is very uneconomical to pay every year just to prevent the accident that does not know whether it will come or not. But if we think about it, we will find that the advantages of insurance can completely overshadow this concern.

In this era of increasing cancer prevalence, there are many people who need to go bankrupt when they are sick to make up for medical expenses, and if they have purchased insurance, they can reduce a lot of pressure on the family and reduce a lot of burden on family members.

There may be some insurance types will be relatively "chicken ribs", but can not be partial generalization, insurance business or there are many very practical insurance, such as car insurance, after the owner buys a new car will give their car an insurance, in case of traffic accidents in the driving.

And insurance payment is not complicated at all, when you are driving a vehicle on the road to scratch or various accidents, give the insurance company a call, they will send someone to deal with it, the owner will also be very worry-free.

Therefore, when we look at a thing, we must observe it as a whole, and we cannot only see a certain aspect of the thing and draw conclusions for it, which is an irresponsible view for ourselves and this thing.

Some people may worry that their money is lost without an accident, but this is not the case, and in some cases we can find an insurance company to get a part of the compensation.

And some of the illegal business behaviors of those insurance companies cannot be said to be the insurance industry is a scam, but some insurance companies' own behavior, and they also need to bear legal responsibility for their own illegal and disorderly behaviors.

There are pros and cons to the insurance business, and we neither advocate buying insurance nor oppose buying it. As long as you pick the insurance company when buying insurance, ensure the compensation conditions you need, see the terms on the contract when signing the contract, and don't let the wrongdoers take advantage of the loophole, you can buy insurance that meets your own wishes.

The insurance industry can be chaotic, but the state has intervened, I believe that this industry will become more and more orderly in the future, and we can not "knock down a ship of people with one shot", the insurance industry also has a good business company.

We should not lose confidence in the industry because of some people, and insurance practitioners should also maintain their conscience, do not destroy the reputation of the entire industry for their own interests, and should not base their own interests on the pain of others.

Text/Liu Baixi

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