As of 2021, the most popular insurance type in China was car insurance. According to a survey conducted in August of 2021, 62 percent of respondents purchase insurance for their vehicle. Other popular types of insurance include health insurance, accident insurance, and life insurance.
Most popular types of insurance products among consumers in China in 2021
One yuan equals 0.15 U.S. dollars and 0.14 euros (as of May 2022).
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50 percent of respondents were male and 50 percent were female.
15 percent of respondents were 20-30 years old, 45 percent were 31-40 years old, 30 percent were 41-50 years old, 10 percent were 51-60 years old.
30 percent of respondents lived in tier-1 cities, 33 percent lived in tier-2 cities, 33 percent lived in tier-3 cities and below.
Among all respondents, high-income households accounted for 26 percent, higher-middle income occupied 48 percent, lower-middle income occupied 21 percent and low income represented five percent.
Participants are permanent residents from tier-one to tier-five cities, family wealth products or insurance products regulators, do you use online insurance or need for online insurance, have not participated in a similar study in the three months prior.
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199IT. (November 24, 2021). Most popular types of insurance products among consumers in China in 2021 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1307125/china-most-popular-types-of-insurance-products/
199IT. "Most popular types of insurance products among consumers in China in 2021." Chart. November 24, 2021. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1307125/china-most-popular-types-of-insurance-products/
199IT. (2021). Most popular types of insurance products among consumers in China in 2021. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1307125/china-most-popular-types-of-insurance-products/
199IT. "Most Popular Types of Insurance Products among Consumers in China in 2021." Statista, Statista Inc., 24 Nov 2021, https://www.statista.com/statistics/1307125/china-most-popular-types-of-insurance-products/
199IT, Most popular types of insurance products among consumers in China in 2021 Statista, https://www.statista.com/statistics/1307125/china-most-popular-types-of-insurance-products/ (last visited November 22, 2024)
Most popular types of insurance products among consumers in China in 2021 [Graph], 199IT, November 24, 2021. [Online]. Available: https://www.statista.com/statistics/1307125/china-most-popular-types-of-insurance-products/