China’s insurance industry reaped premiums income of 336.74 billion yuan (US$54.98 billion) in January from new insurance policies, marking an increase of 67.4 percent over the same period last year, National Business Daily reported Wednesday, citing data published Tuesday by the China Insurance Regulatory Commission. Property insurers saw their premiums income rise 22.5 percent from a year earlier last month to 77.74 billion yuan, it said. Meanwhile, 69 life insurers generated combined premiums income of 258.99 billion yuan, up 88 percent from a year ago, the report said, adding that a third of those insurers saw their premiums income more than double last month. China Life Insurance Co. Ltd. (02628.HK) topped other players with premiums income of 80.87 billion yuan, followed by Ping An Life Insurance Co. of China with 37.23 billion yuan, the report said.
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