Universal Life Insurance Premiums Near 500 Billion Yuan in First Eight Months, Up 8.4% Year-on-Year

Recently, the National Financial Regulatory Administration released data on the operation of life insurance companies for the first eight months of this year. The figures show that during this period, life insurance companies received new customer payments totaling 497.3 billion yuan (representing universal life insurance premiums), a year-on-year increase of 8.4%, maintaining a high growth rate. Experts interviewed attribute the continued growth in universal life insurance premiums to rising demand for safe-haven investments, the release of savings demand, and product characteristics.