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China's insurance premium income up 7.28% in Jan-Oct

Nov. 23, 2012 (China Knowledge) - China's insurance industry reaped RMB 1.31 trillion in insurance premiums in the first ten months of this year, 7.28% more than that in the same period of last year, according to the latest statistics released by the China Insurance Regulatory Commission.

The country's premium income from personal insurance business was RMB 874.66 billion during the ten-month period, including RMB 768.08 billion from life insurance.  

From January to October, the nation's property insurance premium income amounted to RMB 436.77 billion, up 15.07% than in the same period of last year, said the commission.

The balance of insurance funds in bank deposits had decreased RMB 104.07 billion from a month earlier to RMB 2.09 trillion at the end of October, while that of insurance fund under investments had grown by RMB 42.07 billion from a month earlier to RMB 4.22 trillion.

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