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New China Life's premium income up 13.76% in Jan-Apr

May. 17, 2012 (China Knowledge) - New China Life Insurance Co<601336><1336>, a major life insurer in China, has announced that its insurance premium income rose 13.76% YoY to RMB 41.69 billion in the first four months of this year.

In April, the life insurer booked RMB 6.61 billion in premium income, 18.84% more than in March.

China Life Insurance Co Ltd<601628><2628>, the country's largest life insurance company, experienced the biggest decline of 8.53% in premium income, which stood at RMB 133 billion in the first four months.

Ping An Life Insurance Co Ltd, the life insurance unit of  Ping An Insurance (Group) Co<601318><2318>, realized RMB 56.92 billion in premium income in the period, reflecting a rise of 2.08% YoY.

China Pacific Insurance (Group) Co Ltd<601601><2601> saw its life insurance premiums fall 2.82% YoY to RMB 37.9 billion.

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