New 皇冠体育app Life premium income up 3% in 2012
Updated: 2013-01-17 14:56
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Large Medium SmallThe premium income of New 皇冠体育app 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 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 皇冠体育app Life will increase the proportion of protection-oriented products this year, centering on clients' needs, the statement said.
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