Traffic accident insurance sales increase after cancellation of railway compulsory insurance

In Taobao Tmall Mall, it was observed that 1,409 people had accidental insurance for safe transportation. The insurance liability and the maximum coverage were: 1 million yuan for airplanes, 500,000 yuan for high-speed rail trains, and 50,000 yuan for automobiles. Taikang Life Insurance Co., Ltd. has recently sold 693 traffic accident insurance products. Its focus is on self-driving families. Insurance liability is for private car passengers and private car drivers. The insurance coverage is 500,000 yuan each. The reporter found that the prices of traffic accident insurance products launched by different companies on the Internet are quite different, and consumers are most willing to accept the products of twenty to thirty yuan.

This year's Spring Festival coincides with the cancellation of railway compulsory insurance. Many passengers choose to purchase traffic accident insurance on their own. For the first time, online channels have become a channel for many consumers to insure. On Taobao, the sales of flagship stores of insurance companies such as China Ping An, Taikang Life Insurance and Sunshine Life Insurance all increased significantly.

The relevant person of the Shanghai branch of Ping An Property & Casualty Insurance stated that during the Spring Festival season, the traffic accident insurance sales will be 50%-100% more than the off-season low season. Experts advise that when it comes to the purchase of transportation-related accident insurance, it is necessary to look at the scope and terms of insurance coverage. Most of the insurance company's terms only guarantee the insured who uses public transport as a passenger. In other words, consumers who drive by car or take a private car may not be able to settle an accident if they purchase such a product.