Skip to content
WorldBrand.AI

PICC Life Insurance Company Limited

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile1 entries

  1. 2020

    PICC Life receives CBIRC's 2020 "No. 1 penalty" for deceiving policyholders

    A CBIRC inspection found that PICC Life's telemarketing and online sales operations had problems including deceiving policyholders, fabricating materials, and premium rate increases, seriously infringing consumer rights. The head office, six telemarketing centers, and 15 responsible persons were fined a total of 3.38 million yuan, including 1.35 million yuan for the head office; its branches were later also fined for misleading sales by "hyping product discontinuation."

    Source