China Life Insurance reports double-digit growth in premium revenue

Source: Xinhua| 2020-03-15 13:02:02|Editor: huaxia

BEIJING, March 15 (Xinhua) -- China Life Insurance Co., one of the country's biggest insurers, said its premium income rose 20.51 percent in the first two months of 2020.

The revenue reached about 228 billion yuan (about 32.56 billion U.S. dollars), increasing from 189.2 billion yuan a year ago, according to unaudited figures released by the insurer.

The rise in premium income came as the insurer had already made a good start before the COVID-19 outbreak and enhanced its online services timely amid the epidemic.

Health insurers are encouraged to expand liabilities of accident and health insurance plans to cover COVID-19 infection in offerings, the China Banking and Insurance Regulatory Commission said last month.