Chapter 544 Make Money! Xingchen Critical Illness Insurance!

The chip major must undoubtedly be redeemed.

But two trillion yuan is not a small amount.

Xingchen Slimming Pill, Perfect Elasticity Cream, and Xingchen m1 new material have made extremely impressive profits.

But added up a year, the net profit is only about 600 billion.

The other affiliated companies of the college make about 100 billion a year combined.

In other words, if you want to exchange for new majors, there is still a gap of 1.3 trillion.

There's a little problem, but nothing major.

After all, in the current financial environment, money cannot be loaned out.

Banks even want to grab high-quality customers and keep loan interest rates extremely low.

Judging from the profitability of our own Star Academy, it is definitely the best customer.

Real estate companies can borrow trillions.

Our own Star Academy can do the same.

But you may not need to borrow so much.

Because my family opened a financial company last year.

However, before, only investment business was opened.

No insurance business is opened.

It’s just been preparing.

Now that there is a shortage of money, the insurance business should also be ready to debut.

It is also time for domestic people to experience insurance products that are truly conscientious and will not find reasons to refuse compensation.

…

March 1st.

Star Academy officially opens.

On campus, students are discussing whether their college will actually offer a chip major this summer.

Although I have great confidence in the college.

But how difficult is the chip thing? Even if you don't learn this, you can see it from the news.

Is it really possible to open a major to solve the chip problem?

Even the Xingchen students were a little skeptical.

Some students majoring in artificial intelligence are also worried.

After all, if China has a serious shortage of computing power in the future.

No matter how good they develop their products, they still won’t be able to survive.

After graduation, do you have to go abroad if you want to work in this industry?

However, Jiang Chen, the former leader of the intelligent transportation research and development team, did not worry too much.

He is very open-minded.

These things are not something they can change.

They just need to study hard and do the task at hand.

Everything is supported by the academy.

Believe in the college and the principal.

Jiang Chen's attitude made many students majoring in artificial intelligence calm down.

indeed……

Anyway, if the sky falls, the principal will definitely hold it up first.

They are only sophomores now. No matter what the future holds, studying hard first is the right path.

Moreover, it is now the first thing in front of most students of artificial intelligence.

It's to take a safety education class.

During the New Year period, the college directly paid them large bonuses.

And as more and more contracts with smaller countries are negotiated, the bonuses are increasing.

Revenue generated from both maintenance and update fees.

They will also be given a share.

It’s just a steady stream.

For example, Jiang Chen has a huge sum of more than 10 million in his account now.

But the college froze all the funds, leaving them only 100,000.

The only requirement for unfreezing is that ten safety education classes must be completed after the start of school.

Students don't worry about the college taking their money.

But who wouldn’t want to unfreeze and freely use such a huge sum of money?

So the enthusiasm for class was very high.

But when the class was over, they were trembling just like the students in the civil engineering research class back then.

The bold ideas originally generated by the huge sum of money have almost all disappeared.

This world is really too dangerous.

They had better study obediently and continue research and development.

And this is exactly Ye Chen's purpose.

Many people have no awe when they have money, and then they go to destruction.

China Yechen doesn’t know if anyone has won the prize.

But in a beautiful country, there is a lottery grand prize winner who was originally a middle-class person with a good life.

As a result, after winning the lottery, I immediately drifted away.

A few years later he went bankrupt.

Therefore, this lesson must be taken.

Let students understand that the world is full of crises.

…

But Ye Chen’s focus was.

Not among artificial intelligence students.

But Star Financial Company.

Star Academy invests 80% of its working capital in financial companies.

At the same time, there is also 50 billion provided by Tianhai City.

This adds up to a huge sum of more than 400 billion.

It is enough for the interns of Star Financial Company to make waves in the global capital market.

But 400 billion is still not a giant.

For example, the famous stock investor Warren Buffett holds US$500 billion in funds.

This is the real predator.

But soon, a larger amount of funds will be injected into Xingchen Financial Company for investment.

Because the insurance business of Xingchen Financial Company is about to begin.

…

"Didn't you ask about insurance calculation model confirmation?"

"We have confirmed the data with medical teachers many times, and at the same time prepared data on the incidence rates of various provinces and cities across the country..."

"We even asked teachers majoring in artificial intelligence to make a prediction model for future population incidence."

"The possible effects on the disease including dietary changes, pollution, microplastics, climate and other issues were calculated."

"Through model confirmation calculations, with this pricing, our profitability can reach 20%..."

In the conference room of Star Financial Company.

Ye Chen was sitting there with several teachers and the intern in charge of business.

Look at the first insurance product that Star Financial Company is about to launch.

Star critical illness insurance.

The intern student is reporting on the specific situation of this critical illness insurance: "Our Star Critical Illness Insurance has an annual premium of 10,000 yuan, and we cover 120 critical diseases."

"Almost all cancers and critical illnesses are covered."

"The maximum insured amount is five million."

Hearing this, Ye Chen raised his eyebrows: "Ten thousand? Compared with other companies, is this price high or low?"

His own intern had obviously investigated the market a long time ago, and nodded and said: "It is higher than theirs. For example, Ping An's critical illness insurance is priced at 5,600 yuan a year, and other companies are also roughly at the same level."

Ye Chen smiled: "Then why is our Xingchen critical illness insurance so expensive? It is almost twice as expensive as the other party's."

The intern responded with ease: "Because we are conscientious."

“The terms and conditions of most insurance companies have many hidden pitfalls.”

"For example, many diseases covered by insurance may not be effective if you are really sick, because the other party has played a lot of tricks."

"Some have set surgical requirements. To put it simply, the surgery stipulated in the other party's terms can be compensated. But for the same disease, different people may have different symptoms and require different surgeries."

"This also results in some policyholders being unable to receive compensation."

"At the same time, some critical illness insurance also has requirements on the patient's condition. For example, some require the patient to be in a severe coma before they can pay out, otherwise they will not pay out..."

"At the same time, they also have requirements for medication and so on, and even cover a range. Only medicines within the range will be compensated, and medicines outside the range will not be compensated."

"In short, there are too many various terms and conditions, which are very unfriendly to ordinary people."

"But we are different. We start paying compensation as soon as the patient is diagnosed."

"Until the patient is cured or dies."

"This means that the amount of compensation we pay must be higher than other companies. When the cost of compensation is higher, our pricing must also be higher."

"Otherwise, it would not be selling insurance, but doing charity."

The intern's orderly reply made Ye Chen nod.

Ye Chen is also very satisfied with the compensation method of this insurance.

In Ye Chen's view, people buy insurance just to buy peace of mind.

But what has the insurance industry become today?

Not only does it fail to bring a sense of peace of mind to the people.

On the contrary, it makes the people extremely anxious, worried that they have spent their money and will not be compensated for this or that.

And the insurance companies are also very thief.

An insurance policy is dozens of pages thick, densely packed with words.

Ordinary people can't read it at all, and many clauses are deliberately written in a convoluted way, so even if they read it, they may not be able to understand it.

That’s why insurance today has such a bad reputation.

The insurance products of our own financial company are very good.

Make the complex simple.

Return insurance to its rightful place.

That is a guarantee.

A guarantee that the public does not need to worry about being cheated, does not need to worry about money when they get sick, and can be treated with peace of mind.

Ye Chen glanced at the insurance contract in front of him.

It only adds up to five pages.

Compared with the thick stack of contracts of those insurance companies.

It can be seen that he is indeed very conscientious.

But Ye Chen then asked: "It is indeed a conscience, but based on conscience alone, the price is still too high!"

indeed.

Even if it is conscientious enough.

But at a price that is fully twice as high as that of its competitors.

It is difficult for consumers to choose their own insurance.

Four to five thousand yuan is not a small amount of money.

However, the intern seemed to have guessed that his principal would ask this question, and immediately said with a smile: "Because our insurance has one thing that other insurances cannot do."

"That means there is no limit to the renewal of the policy. It is really unlimited."

"Some insurances cannot be renewed after the age of sixty. After all, the older a person is, the higher the incidence of the disease."

"There are also some insurances that will prohibit you from renewing your policy if you have suffered a serious illness, had surgery, etc., or paid out any compensation."

"But our Star Insurance is different. If you are over 60 years old, you can still renew your policy normally every year."

"If you have suffered from a serious illness, such as cancer and the compensation is cured, the recurrence rate is very high, but you can still continue to be insured..."

"Of course, the price will be higher and the premium will be twice as high as before, but as long as you renew the policy, you can continue to enjoy the remaining insurance amount paid before."

"For example, if you paid one million in compensation before, then the other party will still have an insurance coverage of four million."

"The price of our insurance is set after calculating the high loss rate for this group of people."

Hearing this, Ye Chen couldn't help but raise his eyebrows: "The elderly and those who have suffered serious illness and have already paid compensation can still renew their insurance? Are you sure that there is still a 20% profit margin?"

The intern thought that his principal was worried about profitability.

He quickly confirmed and nodded: "Yes, our team did a data search for half a year last year and conducted almost hundreds of model calculations."

"Guaranteed to have a 20% return rate."

"Of course, we have also done a lot of work to reduce the loss ratio."

“For example, if you purchase our insurance, you will receive an annual basic physical examination service from a local tertiary hospital.”

"Many people in China do not have the habit of annual physical examinations, which will lead to the accumulation of serious illnesses."

“With annual physical examinations, many diseases can be controlled in their early stages.”

"The basic physical examination service we provide may cost only two or three hundred yuan, but it will make patients develop the habit of annual physical examinations and develop a sense of physical examination."

"After they have a sense of physical examination, they are more likely to do some more in-depth physical examinations at their own expense under the recommendation of doctors."

"Early detection, early treatment, and early prevention will make many people's diseases less serious."

"This policy will save us a lot of compensation costs."

"And after the establishment of the college's affiliated hospital, or even after opening more hospitals, we also plan to provide insured persons with additional one-stop services such as consultation, hospitalization, and surgery at Xingchen Affiliated Hospital..."

"In short, if a patient finds out that he is sick, he can make an appointment with an expert through our insurance company without queuing up, and get a surgical plan and a one-stop surgery..."

"With the strength of our college's affiliated hospital, we can definitely find problems more accurately, treat them, and reduce sequelae and recurrence risks."

"This way, not only do patients get better diagnosis and treatment services."

"We also reduce compensation costs."

"And the college's affiliated hospital can also earn this compensation money..."

"A three-win..."

Hearing the end, Ye Chen's eyes widened.

He really didn't expect that the students in his finance major insurance class would be so creative.

They came up with so many ways to reduce the compensation rate and cost.

The most important thing is that these methods are all open conspiracies.

For the insured, it is good.

For example, regular physical examinations, such as being able to enjoy consultations, hospitalization and surgery at Xingchen Affiliated Hospital, etc.

This all brings a better experience to the insured.

And what about other insurance companies?

In order to reduce the compensation rate, they play word traps and make various detailed clauses, so that sales staff can brag and finally deny it.

Such a comparison is really a clear judgment.

Moreover, Ye Chen believes that the actual compensation cost of this critical illness insurance will be lower than that predicted by his students.

This is not to say that the data predicted by the students is inaccurate.

But they ignore the development speed of Xingchen Academy and its impact on the whole of China.

Xingchen Academy will inevitably be involved in more and more high-tech fields in the future.

These high-value-added industries, as well as their related supporting supply chains.

Will provide or drive more high-paying jobs.

At the same time, working hours will inevitably be more relaxed.

After all, these positions do not require inefficient overtime.

More Chinese people have high welfare and more time for themselves.

They will definitely have more time to protect their bodies.

They will have time to cook for themselves instead of eating takeout meals every day.

They will have time to exercise and sleep well.

Instead of working every day to exhaustion and lack of sleep.

At the same time, there are more high-tech industries with high added value.

Then low-end intensive industries and polluting industries will decrease and move to more backward countries.

By then, China's environment will become better.

People's lives will be more comfortable.

These are all related factors to the occurrence of diseases.

Not to mention that there are clinical medicine and basic medicine majors in our school.

Especially in the basic medicine major, as far as Ye Chen knows, students in their third year have already begun to study the prevention and treatment of many diseases.

And more excellent doctors trained in the clinical medicine major can also play a significant role.

Maybe there is not much effect now.

But if the time is extended, it will inevitably bring many positive effects to the field of human health.

So

The compensation rate of critical illness insurance is bound to be lower than what the students predicted... (End of this chapter)