News China22 Feb 2019

Life bancassurance sales dive 24% on crackdown on short-term wealth products

| 22 Feb 2019

Premium income generated through the life bancassurance channel fell by 24% last year to CNY803.2bn ($120bn), according to a report in Shanghai Securities News. The channel accounted for 30.6% of life insurers' total gross premiums in 2018, down by 10 percentage points from 2017.

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