News China15 Feb 2019

Universal life insurance business bounces back in 2018

| 15 Feb 2019

Universal life insurance business, which plunged in 2017 following a regulatory crackdown on short-term high-returns products, rebounded in 2018. According to the latest data released by the CBIRC, new premiums for investment-type life products (mainly universal insurance) reached CNY795.4bn ($117.5bn) in 2018, a significant increase of 35% over 2017.

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