City: Become a principal from junior college!

Chip major is undoubtedly a must-win.

But 2 trillion RMB is not a small amount.

The profits of Xingchen slimming pills, perfect elasticity cream and Xingchen m1 new materials have been extremely astonishing.

But the net profit for a year is only around 600 billion.

The other affiliated companies of the college only make a total of about 100 billion yuan a year.

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

There is a little problem, but it's not a big problem.

After all, the current financial environment makes it difficult to lend money.

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

Judging from the profitability of our own Star Academy, they are definitely the best customers.

Real estate companies can borrow trillions of dollars.

The same can be done with our own Star Academy.

But you don’t necessarily need to borrow that much.

Because my family opened a financial company last year.

However, before that, only investment business was opened.

No insurance business was established.

It's just been in preparation.

Now that we are short of money, it is time to prepare for the insurance business.

It is also time for domestic citizens to experience an insurance product that is truly conscientious and will not find excuses to refuse compensation.

……

March 1st.

Star Academy officially opens.

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

Although I have great confidence in the college.

But even if you are not a student of this, you can see from the news how difficult chips are.

Is it really possible to solve the chip problem by opening a major?
Even the students of Xingchen were a little skeptical.

Some students majoring in artificial intelligence are also worried.

After all, if China’s computing power is seriously insufficient in the future.

Even if they develop the best products, they have no soil for survival.

After graduation, if you want to work in this industry, do you have to go abroad?
However, Jiang Chen, the former leader of the intelligent transportation R&D 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 tasks at hand well.

The college is at the forefront of everything.

Trust the college and trust the principal.

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

indeed……

Anyway, if the sky falls, the principal will definitely be the first to bear it.

They are only sophomores now. No matter what the future holds, the right thing to do is to study hard first.

Moreover, the first thing facing most artificial intelligence students today is.

It’s to take a safety education class.

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

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

At the same time, income is generated from maintenance and update fees.

They will also share the profits.

It's just an endless supply.

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

But the college froze all the funds and only left them with 100,000 yuan.

The only requirement for unfreezing is to complete ten safety education classes after school starts.

Students don't worry that the college will take their money.

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

Therefore, the enthusiasm for class is very high.

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

Almost all the bold ideas that were originally generated by the huge sum of money have disappeared.

This world is really too dangerous.

They should just study hard and continue their research and development.

And this is exactly Ye Chen’s purpose.

Many people lose their sense of reverence when they have money, and then they go to destruction.

Hua Xia Ye Chen was not sure whether anyone had won the prize.

But in the United States, there are lottery jackpot winners who were originally middle-class people with a good life.

After winning the lottery, I became arrogant.

After a few years, he went bankrupt.

So, this lesson must be taken.

Let students understand that the world is full of dangers.

……

But Ye Chen's focus.

Not for students majoring in artificial intelligence.

It's Star Financial Company.

Xingchen Academy invested 80% of its liquid funds in financial companies.

At the same time, there is 50 billion yuan contributed by Tianhai City.

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

It is enough to allow the interns of Star Financial Company to stir up waves in the global capital market.

But 400 billion is not enough to make you a big shot.

For example, the well-known stock god Buffett holds 500 billion US dollars in funds.

This is the real tycoon.

However, soon, more funds will be injected into Star Financial Company for investment.

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

……

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

"We have confirmed the data with medical teachers many times, and have also compiled data on the incidence rates of various provinces and cities across the country..."

"We even invited teachers majoring in artificial intelligence to develop a model to predict future population morbidity rates."

"We calculated the impact that issues including dietary changes, pollution, microplastics, climate, etc., might have on the disease."

"Through model calculations, our profit margin at this price can reach 20%..."

In the conference room of Star Financial Corporation.

Ye Chen, several teachers, and interns in charge of business were sitting there.

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

Star critical illness insurance.

The interns were reporting on the details of this critical illness insurance: "Our Xingchen critical illness insurance has an annual premium of 10,000 RMB, and we cover 120 types of critical illnesses."

“It covers almost all cancers and critical illnesses.”

"The maximum insured amount is five million."

Hearing this, Ye Chen raised his eyebrows: "Ten thousand? Is this price high or low compared to other companies?"

The intern had obviously researched the market before and nodded, saying, "It's higher than theirs. For example, Ping An's critical illness insurance is priced at 5,600 RMB per year, and other companies are roughly around that price."

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

The intern answered with ease: "Because we have a clear conscience."

"Most insurance companies' clauses contain many hidden traps."

"For example, many diseases listed in insurance policies may not be effective even if you actually get sick, because the other party has played a lot of tricks."

"Some have set surgical requirements, which simply means that you must undergo the surgery specified in the other party's terms before you can get compensation. But for the same disease, different people may have different symptoms and undergo different surgeries." "This also leads to some policyholders not being able to get compensation."

"At the same time, some critical illness insurance policies have requirements for the patient's condition. For example, some insurance policies require the patient to be in a state of severe coma before compensation can be paid, otherwise no compensation will be paid..."

"At the same time, they also have requirements for medication and even include a range. They will only compensate for medication within the range, and the other party will not compensate for medication outside the range."

"In short, there are too many clauses and it is very unfriendly to ordinary people."

"But we are different. We start paying compensation from the moment the patient is diagnosed."

"Until the patient is cured or dies."

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

"Otherwise it's not selling insurance, it's doing charity."

The intern's well-organized reply made Ye Chen nod.

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

In Ye Chen’s opinion, people buy insurance to buy peace of mind.

But what has the insurance industry become today?
It not only fails to bring a sense of security to the people.

Instead, it makes people particularly nervous, worrying that they will spend their money but will not be compensated for this or that.

And the insurance companies are also very cunning.

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

Ordinary people simply cannot understand it, 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 has such a bad reputation nowadays.

The insurance products of our own financial company are doing very well.

Make the complex simple.

Return insurance to where it belongs.

That is a guarantee.

A guarantee that allows people not to worry about being cheated, and not to worry about money when they get sick, and to receive treatment with confidence.

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 conscientious, but if it is just conscientious, the price is still high!"

indeed.

Even if it is conscientious enough.

But the price is almost twice as high as that of its competitors.

It is difficult for consumers to choose insurance from their own Star Academy.

Four or 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 something that other insurances cannot do."

"That means there is no limit on renewal. It really is unlimited."

"Some insurance policies cannot be renewed if you are over 60 years old. After all, the older you are, the higher the incidence rate."

"Some insurance policies prohibit you from renewing your policy if you have a serious illness, have surgery, or something like that and have already received compensation."

"But our Xingchen Insurance is different. If you are over 60, you can still renew your insurance every year."

"For those who have had serious illnesses, such as cancer, the recurrence rate is very high, but they can still continue to be insured..."

"Of course, the price will be higher and the premium will be twice as much as before, but as long as you renew the policy, you can continue to enjoy the remaining amount of the previous compensation."

"For example, if the previous compensation was one million, then the other party still has a coverage of four million."

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

Hearing this, Ye Chen couldn't help but raise his eyebrows: "Old people and those who have suffered from serious illnesses and have received compensation can still renew their insurance? Are you sure there is still a 20% profit margin?"

The intern thought that his principal was worried about the rate of return.

He quickly confirmed and nodded: "Yes, our team spent a full six months searching for data last year and conducted nearly a hundred model calculations."

"A 20 percent return is guaranteed."

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

"For example, if you buy our insurance, you will receive a free basic physical examination service once a year at a local tertiary hospital."

"Many people in China don't have the habit of annual physical examinations, which can lead to the accumulation of serious illnesses."

"If you have a physical examination every year, many diseases can be controlled in the early stages."

"The basic physical examination service we provide may only cost 200 to 300 yuan, but it will help patients develop the habit of having annual physical examinations and cultivate awareness of physical examinations."

"After becoming aware of the need for physical examinations, they are more likely to undergo more in-depth physical examinations at their own expense upon the recommendation of their doctors."

"With early detection, early treatment and early prevention, many people's diseases will not be so serious."

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

"And once the college's affiliated hospital is established, or even more hospitals are opened, we also plan to provide insured persons with additional one-stop services including medical consultation, hospitalization, and surgery at Xingchen Affiliated Hospital..."

"In short, once a patient is diagnosed with a disease, they can make an appointment with a specialist through our insurance company without waiting in line, and we will provide a surgical plan and perform the surgery in one go..."

"With the strength of our college's affiliated hospital, we can definitely identify problems more accurately, provide treatment, and reduce sequelae and the risk of recurrence."

"This not only provides patients with better diagnosis and treatment services."

“We also reduced our claims costs.”

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

"It's a win-win-win situation..."

After hearing the last part, Ye Chen’s eyes widened.

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

We have come up with so many ways to reduce claims ratios and costs.

Most importantly, these methods are open conspiracies.

It is beneficial for the policyholders.

For example, regular physical examinations, and the ability to enjoy consultations, hospitalizations, and surgeries at Xingchen Affiliated Hospital.

All of this brings a better experience to policyholders.

What about other insurance companies?

In order to reduce the claims ratio, they use word traps and come up with all kinds of detailed clauses to get the sales staff to make exaggerated claims and finally deny them.

With such a comparison, the difference is obvious.

Moreover, Ye Chen believed that the actual compensation cost of this critical illness insurance would be lower than what his students predicted.

This is not to say that the students' predictions were inaccurate.

Instead, they ignored the speed of Star Academy's development and its impact on the entire China.

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

These high value-added industries also have 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 of their own.

They will definitely have more time to protect their bodies.

They will have time to cook for themselves instead of eating meal kits and takeout every day.

They will have time to work out and get a good night's sleep.

Instead of being exhausted and sleep deprived at work every day.

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

Then low-end intensive 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 factors related to the occurrence of the disease.

Not to mention that we also have clinical medicine and basic medicine majors.

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

And training more outstanding doctors in clinical medicine can also play a significant role.

Maybe we can’t see much effect now.

But if we extend the time, it will definitely bring many positive impacts on human health.

and so.

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