Due to the provision of benefits outside of the contract agreed upon with the policyholder, the total penalty imposed on the Swiss Life English German Branch was 120,000 yuan.

date
04/12/2025
On December 4, the Guangdong Supervision Bureau of the China Banking and Insurance Regulatory Commission issued an administrative penalty information showing that Rui Zhong Life Insurance Co., Ltd. Yingde Branch, was fined 100,000 yuan for failing to truthfully record the benefits provided by the policy salesperson and individual insurance agents to the policyholders beyond the provisions of the insurance contract. The relevant responsible persons Tan Caoqiong and Yu Xiangqun were respectively warned and fined 10,000 yuan; Liang Yu was warned.