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China Life premium income surges

According to a local report, the premium income of China's fourth largest life insurance underwriter, China Life, grew by over 50% in the first half of the year.

Quoting the China Securities Journal, Reuters has reported that China Life earned $1.82 billion from premium income in the first six month’s of the year. The figure represents an impressive 57% increase over the corresponding period last year.

The boost in business has increased China Life’s share of the domestic life insurance market to 6.6%, up from 5.1% in H1 2005.