News Column

China Life April Premium Hit Lowest in Top 4

May 16, 2014



BEIJING, May 16, SinoCast -- China's top four listed insurance companies, China Life, Ping An Life, China Pacific Life and New China Life, recorded life insurance premium revenue of CNY 15.6 billion, CNY 10.9 billion, CNY 5.36 billion and CNY 5.75 billion in April, growing negative 34.18%, 13.23%, 18.47% and negative 8.85% over a year earlier.

Premium from new bancassurance slips in April is expected to witness a year-on-year drop of about 80%. Shenyin & Wanguo predicted China Life, Ping An Life, China Pacific Life and New China Life will witness a growth of 55%, 95%, 25% and 190% in premium from new bancassurance slips and a drop of 3%, 35%, 15% and 30% in premium from installment-based bancassurance in April.


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Source: Sinocast Insurance Beat (China)


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