Premium income jumps through Q3

CHINA Life Insurance Co Ltd, the nation's largest, increased premium income 6.7 percent to 158.6 billion yuan (US$21.1 billion) in the first nine months of this year, the company said yesterday in a statement to Shanghai Stock Exchange.

China Life received 15.3 billion yuan in premiums in September, 34.2 percent higher than the previous month.

On Thursday, Ping An Insurance (Group) Co of China Ltd, China's second-largest life insurer, reported that its premiums in the first three quarters amounted to 76.05 billion yuan. The total included 59.7 billion yuan for life insurance, 16.3 billion yuan for property insurance, 1.09 million yuan for health insurance and 51.54 million yuan for endowments.