Business · Markets · 1 day ago
China’s universal life insurance premiums rise 8.4% in first eight months
Universal life insurance premiums in China rose 8.4% in the first eight months of 2026.
These policies combine insurance protection with an account that can earn a guaranteed minimum return and potentially more.
Experts say demand has grown as people seek safer places for savings and look for savings-focused insurance.
The rise came while overall premiums at life insurers were slightly lower than a year earlier.
China’s life insurers collected 497.3 billion yuan in universal life insurance premiums in the first eight months of 2026, up 8.4% from a year earlier.
The figures were released by the National Financial Regulatory Administration.
The growth came as total original premium income at life insurers fell 0.2% to 3.5719 trillion yuan.
Experts attributed rising demand for universal life insurance to savings needs, demand for safer investments and the products’ combination of guaranteed and variable returns.
- Who
- China’s life insurance companies.
- What
- They collected 497.3 billion yuan in universal life insurance premiums, up 8.4% year on year.
- When
- In the first eight months of 2026.
- Where
- China.
- Why
- Experts cited rising demand for safer investments and savings products, as well as universal life insurance’s guaranteed and variable returns.
This story does not have two clearly opposing sides.
The rise in universal life insurance premiums is mainly the result of increased demand for safer investments amid an “asset shortage,” alongside the release of consumers’ savings demand.
It is expected that strong sales of savings-oriented insurance will continue to boost demand for universal life insurance.
Life insurers collected 497.3 billion yuan in universal life insurance premiums, up 8.4% year on year.
The National Financial Regulatory Administration released figures on life insurers’ business in the first eight months of the year.
- Universal life insurance premiums
- 497.3 billion yuan
- Year-on-year change
- Up 8.4%
- Total original premium income
- 3.5719 trillion yuan, down 0.2%
- Life insurance premiums
- 2.9757 trillion yuan, up 0.04%
- Source of figures
- National Financial Regulatory Administration
Sources
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