News China30 Jun 2017

Universal product sales dive amid surge in gross life premiums

30 Jun 2017

Life insurers generated gross premiums of CNY1.37 trillion (US$202 billion) for the first five months of the year, an increase of 32.7% over the corresponding period last year. However, new premiums from investment-type products plunged by 59.4% to CNY308.4 billion during the period, according to data released this week by the CIRC.

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