Insurance Association of China plans to redefine terms and conditions of health insurance for major diseases to solve the contradictions in existing insurance policies and increase professionalism, Market Daily reported.

Insurance premiums in China rose 13 percent in the first half of the year from a year earlier to 306 billion, Reuters reported, citing China Insurance Regulatory Commission data released Tuesday.

Sun Life Financial signed today an agreement with the China Everbright Bank to distribute pensions and protection products throughout China, the insurance company said on a press release.  

China's tourism and insurance agencies have launched a campaign to raise public awareness towards the need for travel insurance and to encourage insurance firms to sell travel policies, People’s Daily reported.

France UNITA Insuarnce Group at Chengdu cooperates with China Agricultural Bank and launch house loan insurance in Chengdu. This is the first house loan insurance policy offered by foreign insurance company in Sichuan, breaking the domination of the national insurance companies in the area, Chengdu Daily reports.

China Reinsurance Group has reached 125.69 million Yuan in business revenue for the first half of 2006, which is a 12.8% increase from the same time last year. The Group’s total property reaches 297.65 million Yuan, which is a historical high and a 7.67% increase from the same time last year.

The Bank of China signed a strategic cooperation agreement with China Guangdong Nuclear Power Holding Ltd., allocating 600 million Yuan loan for the latter’s development in nuclear electricity facilities.