New China life insurance Co., Ltd. (NCI, SHSE: 601336 and SEHK: 1336) posted a net profit of CNY 2.324 billion for the Q1-3 period of 2012, up 2.42% from a year ago. Basic earnings per share stood at CNY 0.74, dropping 30.2% year on year. Net assets per share touched CNY 11.05, mounting 10.1% from [...]

China life insurance Company Ltd. (NYSE: LFC and SHSE: 601628), a life insurance heavyweight in the country, reaped premium revenue of CNY 113.8 billion in the first quarter of this year, slipping 7.5% from CNY 123 billion a year ago. Premium revenue in March came to CNY 34.4 billion, decreasing 10.42% from a year earlier, [...]

If you are nearing retirement, you may be starting to worry about your pension policy and annuities. Whatever pension products you have invested in over the years, what kind of lifestyle are they going to enable you to afford when you stop working? Does the idea of a guaranteed retirement income sound appealing? Many people [...]

New China life insurance Co. (NCL) expects to issue not more than CNY 10 billion five-year subordinated debt and maximum CNY 5 billion ten-year debt financing instrument to improve its solvency, according to its announcement on February 1. The debt issues will be subject to regulatory approval. The total CNY 15 billion debt financing will [...]

Sino life insurance Co. is expecting to grow into an insurance group that will operates property insurance, pension insurance and insurance sales units in addition to life insurance before launching an overall listing. Sino life insurance, incorporated in March 2003, had CNY 56.6 billion total assets and CNY 50.679 billion liabilities as at November 30, [...]

Sixty life insurance companies in China got CNY 956 billion original premiums in 2011, compared with CNY 1.05 trillion original premiums in 2010, according to latest statistics from China Insurance Regulatory Commission. Of the top six life insurers by market share, China life insurance Co., China Pacific Life Insurance Co. and New China Life Insurance [...]

India’s largest insurer, life insurance Corporation (LIC), has launched a new product in the child plan space that aims to meet educational and other needs of children. Jeevan Ankur is specially designed to meet the educational and other needs of the child, LIC said. It is the most suitable insurance plan for parents who have [...]

China life insurance (Group) Company (hereafter China Life) saw CNY 357.849 billion consolidated insurance premium (non-audited, and the same below) and CNY 1.96 trillion combined total assets in 2011, and the premium increased steadily. In terms of the itemized data, China life insurance Co., Ltd. (NYSE: LFC, SEHK: 2628, SHSE: 601628) saw a steady increase [...]

Indian insurance regulator IRDA has said the guidelines for listing of non-life insurance companies will be issued by March, 2012. “General/non-life insurance listing rules will be issued by March,” IRDA Chairman J Hari Narayan told reporters here Friday. According to the Insurance Act, promoters with 26 per cent stake can offload equity after 10 years [...]

Philippine American Life and General Insurance Company (Philam Life) in eyeing double digit growth again this year with the help of its campaign to instill among Filipinos the idea that having insurance is not just for the affluent but for all. Philam Life Senior Vice President for marketing Jessica Abaya, in a briefing, declined to [...]

Samsung life insurance Co. (KSE:032830), South Korea’s top life insurer, said Friday its first-quarter earnings more than halved from a year earlier due mainly to an absence of one-off profit. Net income came to 268.4 billion won (US$248.3 million) in the April-June period, compared with 567.8 billion won a year earlier, the company said in [...]

Beijing, 29 June – China Development Bank (CDB), one of the country’s three policy Banks, signed a memorandum with Taiwan Cooperative Bank on Wednesday [29 June] to further strengthen cross-border trade and investment. According to the memorandum, the two Banks will cooperate in program financing, joint lending, corporation credit, risk management and personnel training. The [...]