China Life Insurance Company Limited
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Incontestable Clause Not Affects Insurance Prices - Zibb.com
SHANGHAI, Oct 09, 2009 (SinoCast Daily Business Beat via COMTEX) --
China's new insurance law took effect from October 1 and it has become a focal point whether the accession of incontestable clause will cause insurers in the country to raise prices of their products.
The accession of incontestable clause indicates that the nation attaches more importance to protecting insurance consumers' interests and rights, said a top executive of China Life Insurance Co., Ltd. (SHSE: 601628 and SEHK: 2628). It will deliver some impact on insurers' management. Objectively speaking, it will help reduce insurers' fraud cost. But there may be moral risk. So it is not suitable to solve the problem via raising premium. It will not affect the product prices in the short run and whether it will affect the prices in the future will mainly depend on the market.
In order to meet revised items of the law, insurers in the country suspend sales of some products involving dreadful disease insurance, participating insurance, and universal life insurance and upgraded some others in succession. Premium of the upgraded ones will be higher as consumers could gain more security by then, said sources.
Source: www.cnstock.com (October 09, 2009)
Tags: china disease executive insurance law life insurance prices products sales security SinoCast China Business Daily news insurance law incontestable clause price
Companies: China Life Insurance Co Ltd (LFC)
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China Life Insurance Company Limited - Company Profile and Executive Databank - Market Research
This report provides an in-depth company profile for China Life Insurance Company Limited ranked 212nd in the 2005 Fortune Global 500. All data is gathered from primary source. Reports are available in easily accessible PDF format and data is consistently presented.
http://www.researchandmarkets.co.uk/reportinfo.asp?report_id=326458
KPMG Publication - InsuranceNotes
This publication is a summary of publicly reported information, the accuracy of which has not been verified by KPMG. Hong Kong Manulife Hong Kong has reported a 29 percent increase in net profits to HKD 556.
Allianz China Life Insurance Co., Ltd. information and related industry information from Hoover's
Formerly known as Allianz Dazhong Life Insurance, Allianz Life was established in 1999 and underwent a rebranding in 2006. The company has steadily added branch offices to its network in recent years as part of a larger national expansion effort.
http://www.hoovers.com/allianz-china-life/--ID__153231--/freeuk-co-factsheet.xhtml
2628.HK Company Disclosure Page
Customers of the Firm in the United States can receive independent, third-party research on the company or companies covered in this report, at no cost to them, where such research is available. Customers can access this independent research at http://www.smithbarney.
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欢迎访问中国人寿保险(集团)公司网站
www.chinalife.com.cn
The China Life Insurance Company Limited, NYSE: LFC) (short China Life, Hanyu Pinyin: ZhongGuo RenShou BaoXian) is a Beijing-based China...
China Life Insurance Company Limited - Google Finance
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China Life Insurance Company Limited (2823) Company Profile ...
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China Life Insurance Company Limited. The Company's principal activity is providing life insurance. Operations are carried out in Taiwan.
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C76085410
China Life Insurance Company Limited (2628.HK) Stock Quote | Stocks ...
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