Insurance Day Asia
CHINA LIFE TO LAUNCH MICRO-INSURANCE PORTFOLIO
China Life is preparing to launch a portfolio of micro-insurance products across the country this month. The company unveiled
its pilot programme which includes four personal insurance products, three group insurance products and two micro-loan products
this week. The initial launch will cover nine provinces, including Gansu and Heilongjiang, before being extended to the rest
of the country. In May last year the China Insurance Regulatory Commission (CIRC) set up a committee to focus on micro-insurance
development in the country. It says micro-insurance has played a significant role in helping people, especially those who
live in rural areas in developing countries, run out of poverty.