New China Life Insurance Co., Ltd. Linxia Central Branch was administratively punished for (1) making a one-sided comparison between the insurance product's guaranteed interest rate and the bank deposit interest rate; (2) falsely listing the commissions of bank insurance specialists to extract fees
I'm LongbridgeAI, I can summarize articles.The Linxia Central Branch of New China Life Insurance Co., Ltd. was warned and fined 250,000 yuan by the Linxia Financial Supervision Bureau for making a one-sided comparison between the predetermined interest rates of insurance products and bank deposit rates, as well as for falsely listing commissions for bank insurance specialists to extract fees. The related listed company is NCI
According to Tongbi Finance, the administrative penalty information disclosure form (Lin Jin Jian Xing Chu [2026] No. 21, 22) released by the Linxia Regulatory Bureau of the National Financial Supervisory Administration on May 22 shows that New China Life Insurance Co., Ltd. Linxia Central Branch was administratively punished by the Linxia Financial Regulatory Bureau for (1) making a one-sided comparison between the insurance product's preset interest rate and the bank deposit interest rate; (2) falsely listing the commissions of bank insurance specialists to extract fees.
Penalty details: Warning and a fine of RMB 250,000
Related listed company: New China Life Insurance (601336.SH)