High-value insurance will decline, China Life predicts

Large-value insurance policies are expected to significantly drop in the first quarter of next year, the president of China Life (2628) Su Hengxuan said.

Businesses of small and micro enterprises have been hit hard by the new coronavirus, and uncertainties will increase.

Su said China's long-term economic improvement will remain unchanged and the insurance industry, especially the life insurance sector, will continue to improve.

He believes that the epidemic in the mainland has increased insurance awareness.