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Union Life introduces unit-linked products

By Song Hongmei (chinadaily.com.cn)
Updated: 2008-01-11 14:41

Related readings: Medicare insurance to cover migrants China Pacific Insurance rises 70% in Shanghai debut

Union Life Insurance Company on Monday rolled out two selected unit-linked insurance products that will be sold through banking outlets. Policyholders can choose from stock-funds, mixed-funds and stable-funds accounts based on their own risk tolerance and transfer between their accounts whenever they like.

The initial charge for one product has dropped to 0.8 percent for single payments below 50,000 yuan (US$6875.69). There is no initial charge if policyholders' single payments are over 50,000.

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The full text is available in the January Issue of China Insurance.