If a bank fails, its deposits will be compensated. According to the relevant regulations, the same person in this bank, if the deposit is less than 500,000, then the full compensation; more than 500,000 parts, after the bank all assets liquidation, according to the proportion of compensation.
The bank's purchases of insurance and wealth-management products are not covered. Because of wealth management products and insurance, the bank only serves as a purchase channel to facilitate investors to buy. But the money is actually flowing into insurers and financial project holders. Bank failure and insurance companies, financial project issuers, there is no relationship.
Of course, if it is a financial project problems, or insurance companies have problems, then the loss of investors is also specific, not related to the bank, the bank is not responsible for compensation.
For now, more risky are financial programs, insurance, and relatively safe deposits. At home, bank deposits are supposed to be the safest investment, but earnings aren't worth it.