A Chinese passer-by checks out the advertisement of a universal insurance policy and other wealth management products by Anbang. The CIRC is banning insurers from selling universal life products as an add-on to regular life policies to rein in industry risks. Photo: Maggie Zhang

CIRC bans universal life products as add-on to life policies

Life insurers could face potential squeeze in premium income as the CIRC continues to curb risks stemming from aggressive investments, analysts say

Topic |   Regulation

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A Chinese passer-by checks out the advertisement of a universal insurance policy and other wealth management products by Anbang. The CIRC is banning insurers from selling universal life products as an add-on to regular life policies to rein in industry risks. Photo: Maggie Zhang
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