China's personalinsuranceindustry took in premiums totaling 217.8 billion yuan (29 billion U.S. dollars) from January to May, up 16 percent on the corresponding period last year, said an official of the country's insurance regulatory body on Friday.
The total assets of the personal insurance sector rose to 2 trillion yuan (263 billion US dollars), accounting for 84 percent of all the assets in the insurance sector, said Chen Wenhui, assistant to the chairman ofChina Insurance Regulatory Commission(CIRC), when addressing a symposium on life insurance management.
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According to statistics, China's life insurance companies achieved net profit of 5.8 billion yuan in 2005, more than quintuple the level of 2002.