The proportion of women in China who buy insurance cover for themselves stands at around 64%, according to the “8 March Women’s Day Insurance Big Data” report by Huize, an online insurance agency platform in China.
In addition, 17% of women buy insurance for their children; 11% do so for their husbands while 8% buy insurance for their parents.
The report notes that women of different age groups have distinct preferences when they buy insurance. Those in the 30-34 age group favour mostly health insurance; those aged 50-59 tend to buy wealth management or pension products while those aged 60 or older buy mostly travel insurance.
Also gaining in popularity are insurance policies covering women’s health issues, pregnancy and genetic disorders in new babies. Insurance cover for cosmetic surgery, however, does not command much business.
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