~China Life announced that the new production standard premium as of June 30 this year was 11.1 billion yuan, an increase of nearly 80% year-on-year. Among them, local business grew by 85% year-on-year; the new standard premium in RMB increased by about 23% year-on-year, with a market share of 55%; the direct channel business nearly doubled year-on-year, with a market share of over 52%.
China Life stated that it will continue to focus on high-quality development, optimize business structure and multi-channel advantages; promote comprehensive and high-quality cross-generational "senior enjoyment" blueprint planning through cross-industry alliances, and will soon launch related insurance products to support and develop a new concept of retirement living plan.
In addition, China Life will also promote cross-border business, recruit and strengthen a professional wealth management team with banking and talent background, technology-driven, and cooperate with the interactive promotion of the health ecosystem and digital platform to develop more products and services that meet customer needs. (js/w)
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