Surrender value of four listed insurance companies in China reached CNY 34.3 billion in the first quarter of 2013, growing 40% to 100% over a year earlier.
Surrender value of China Life hit CNY 20.088 billion, surging 102.6%, and the cancellation rate was the largest to be 1.36%; surrender value of China Pacific Insurance hit CNY 5.172 billion, jumping 61.5%; surrender value of New China Life was CNY 7.338 billion, growing 54.8%, and the cancellation rate was the third largest to be 1.9%; surrender value of Ping An Insurance reached CNY 1.742 billion, growing 38.3%.