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Article: LIFE INSURANCE TRANSFORMATION EXPECTED IN 2009
- Article from:
- AsiaInfo Services
- Article date:
- December 31, 2008
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AsiaInfo Services
12-31-2008
Life Insurance Transformation Expected in 2009
SHANGHAI, Dec 31, 2008 (SinoCast Daily Business Beat via COMTEX) -- Chinese life insurance sector is expected to turn more sights to risk guarantee-oriented products in 2009.
Generally speaking, life insurance products could be divided into three kinds, namely risk guarantee-oriented products, saving-related products and investment-linked products. Medical insurance, which features death or diseases guarantee, is a guarantee-oriented product. Pension insurance, which relates to people's livelihood, is a saving-related product. Universal insurance and investment-linked insurance are two investment-linked products.
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