Home » Life Insurance Agents » Life Insurance in China The business of Life Insurance in China is growing by leaps and bound. The industry is growing at the rate of 30% per annum. China is slated to become one of the key players in the insurance sector throughout the world. The teeming billions coupled with the boom in the economy has fueled the economic growth of China.

The life insurance market in China is rising because of the patronage by the Government of China. The people of China are investing in life insurance schemes that give them the benefits of pension after retirement. Most of the people of China also invest in life insurance to safeguard the future of their family in case of any accident. The people of China also invest in life insurance to mitigate the financial risks that are associated with sudden death. The insurance companies from other parts of the world started business in China from 2005 The life insurance policies are disposed by the special insurance agents.



China Insurance Regulatory Commission(CIRC) has been instrumental in providing patronage to the life insurance sector. The cut- throat competition between the various insurance companies in China is responsible for the enormous growth of the life insurance sector. The people of China are also aware of the importance of life insurance. Most of the people in China are now spending on life insurance. People of China prefer the life insurance policies to provide a secured future to their family members in case of accidental death. Many people in China also spend on life insurance policy with pension scheme. The economy of China is immensely benefited due to the spurt of life insurance industry. The important life insurance companies in China are as follows:

• China Life Insurance
• Taikang Life Insurance
• AIA Insurance
• China Pacific Life Insurance
• Minsheng Life Insurance
• New China Life Insurance