According to a consumer survey conducted in 2020, around 51 percent of reposndents stated that not having enough money was the leading reason for not purchasing additional insurance policies within the next six months in China. Out of all participants, over 21 percent of respondents expressed no desire to purchase additional insurances.
Leading reasons of Chinese consumers for not purchasing additional insurance policies in the next six months in China in 2020
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The survey included respondents from 18 provinces, autonomous regions, and cities covering the northeast, north, east, south, central, northwest, and southwest parts of China. Seven regions were consistent with previous surveys.
The survey was based on a total of 1,072 valid samples, 531 from the life insurance questionnaire and 541 from the the property insurance questionnaire.
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China Insurance Security Fund. (March 31, 2021). Leading reasons of Chinese consumers for not purchasing additional insurance policies in the next six months in China in 2020 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1242065/china-reasons-for-not-buying-insurance-policies/
China Insurance Security Fund. "Leading reasons of Chinese consumers for not purchasing additional insurance policies in the next six months in China in 2020." Chart. March 31, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1242065/china-reasons-for-not-buying-insurance-policies/
China Insurance Security Fund. (2021). Leading reasons of Chinese consumers for not purchasing additional insurance policies in the next six months in China in 2020. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1242065/china-reasons-for-not-buying-insurance-policies/
China Insurance Security Fund. "Leading Reasons of Chinese Consumers for Not Purchasing Additional Insurance Policies in The next Six Months in China in 2020." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/1242065/china-reasons-for-not-buying-insurance-policies/
China Insurance Security Fund, Leading reasons of Chinese consumers for not purchasing additional insurance policies in the next six months in China in 2020 Statista, https://www.statista.com/statistics/1242065/china-reasons-for-not-buying-insurance-policies/ (last visited July 22, 2024)
Leading reasons of Chinese consumers for not purchasing additional insurance policies in the next six months in China in 2020 [Graph], China Insurance Security Fund, March 31, 2021. [Online]. Available: https://www.statista.com/statistics/1242065/china-reasons-for-not-buying-insurance-policies/
