Date
23 April 2018

CIRC to issue rules on online life insurance sales, report says

The China Insurance Regulatory Commission (CIRC) will issue new guidelines on online sales of life insurance products, the Shanghai Securities News reported Friday, citing an industry source. The regulator discussed details of the rules during a closed-door meeting with representatives of six insurance companies, the report said. The insurers also asked the CIRC to exempt some life insurance products from the payment of certain fees to lower costs and put them on equal footing with funds and banks that sell wealth management products, it said.

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