Ping An Insurance (Group) Company of China's net profit attributable to shareholders of the parent company amounted to CNY83.8bn ($12.1bn) in 2022, dropping by CNY17.8bn or 17.6% year on year, according to the Group's audited financial statements for the year ended 31 December 2022 released on 15 March.
Five major A-share listed insurance groups have reported a cumulative combined premium income of CNY757.7bn ($109.8bn) for the first two months of this year, representing an increase of 3.1% over the corresponding period in 2022.
Someone in poor health or with medical problems should have an entirely different plan from a person who is healthy, said certified financial planner Carolyn McClanahan.
China is eyeing a "progressive, flexible and differentiated path to raising the retirement age", a senior expert from China's Ministry of Human Resources has said.
Spending on life insurance, retirement savings, investment in property, children's education, top the list of how the majority of UAE residents plan to use their annual bonuses, according to the findings of a survey commissioned by Zurich International Life (Zurich), part of Zurich Insurance Group.
Financial planning, money management, and investments have traditionally been male-dominated and male-oriented. Even with women excelling in all fields of life and becoming increasingly independent, their financial planning still takes a backseat.
There is little room for manoeuvre in ensuring the adequacy of pensions in the face of the ballooning aging population, Mr Zhou Xiaochuan, a former governor of the People's Bank of China, has warned.
The Australia government says that it is making the country's superannuation system more sustainable and fairer with one change that affects less than 0.5% of all Australians.
More than 24m individual pension accounts have been opened since China announced the implementation in November 2022 of personal pension plans to supplement the country's state-run old-age insurance scheme, according to the CBIRC.
China's five largest A-share listed insurance companies have reported a combined premium income of CNY565.2bn ($82.2bn) for the month of January 2023, representing a decrease of 1.18% over the corresponding month in 2022.