Latest News:  

English>>Business

New China Life premium income up 3% in 2012

By  Hu Yuanyuan (Chinadaily.com.cn)

09:13, January 18, 2013

The premium income of New China Life Insurance Co Ltd, the country's third- largest life insurer by premium values, grew 3 percent to 97.7 billion yuan ($15.5 billion) in 2012, the insurer said in a statement on Wednesday.

Last year, the value of the country's life insurance premiums dropped 1.8 percent, according to a recent report by Swiss Re's recent report. The decline, according to the report, was partly driven by regulatory changes in 2011 that constrained bancassurance sales, and also due to the sluggish capital markets last year.

New China Life will increase the proportion of protection-oriented products this year, centering on clients' needs, the statement said.

We recommend:

Online turnover surpasses 1 trillion yuan in 2012

Jack Ma to step down as Alibaba CEO

FDI sees 1st decrease in 9 years amid slowdown

China helps drive Rolls to record year

Top Ten Economic Events in 2012

CIC seeks balanced portfolio

Email|Print|Comments(Editor:黄蓓蓓、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Armored regiment in live-ammunition drill

  2. China's naval air force in raid exercise

  3. Brazilians protest old Indian Museum

  4. Railway staff members express greetings

  5. 'Collective weddings' held in kindergarten

  6. Heartbreaking farewell to hero schoolmaster

  7. Internet industry helps keep Chinese economy steady

  8. Come and enjoy Yangge dance in ice and snow

  9. Experience the folk culture in NE China's snow house

  10. 'The Grandmaster' exceeds expectations

Most Popular

Opinions

  1. Intervention in Mali
  2. Proposal to help Chinese 'gay wives' stirs debate
  3. Tax wrong weapon to combat home prices
  4. What you may not know about studying abroad
  5. Encircling China just Japan's wishful thinking
  6. Editorial: Prudence in urbanization
  7. Japan PM Abe's regional trip 'targets China'
  8. Why won't people give up driving in hazy weather?
  9. Political inertia hinders gun control action
  10. Why supervision on 'drug chicken' lacks intensity

What’s happening in China

Railway staff members express Spring Festival greetings

  1. Labor shortage hits cities as holiday nears
  2. Netizens call for cheaper 'no-seat' train tickets
  3. Safe travel over Spring Festival a priority
  4. Wait for seniors home bed: 100 years
  5. Proposal to help Chinese 'gay wives' stirs debate