Reported about 1 year ago
Recently, a photo of a 1 billion Chinese yuan (approximately 4.5 billion New Taiwan Dollars) insurance policy circulating on Chinese social media has caught attention, featuring a policy where the insured is a newborn with a lump sum premium payment and a future annual payout starting from age 5. Upon verification, it was found to be a genuine product by China Post Life Insurance with details undisclosed. Such high-value insurance policies are not uncommon, as seen in past similar cases of multi-billion yuan policies. This includes a landmark 2.5 billion USD (approximately 81.3 billion New Taiwan Dollars) policy issued by HSBC Insurance Hong Kong, setting a new Guinness World Record. To find out more, read FTNN News on China's aggressive purchase of 34.3 billion USD in bonds, speculations on Taiwan Stocks breaking 20,000 points, and insights on the financial conditions of Chinese small businesses affecting millions of livelihoods.
Source: YAHOO