UK Prudential Secures Another China Life Assurance Distribution Licence For Its Joint Venture With CITIC

British insurer Prudential says it has secured a licence to sell life assurance in China. The company says that CITIC Prudential its 50 50 joint venture with Chinese company CITIC has won a licence from the China Insurance Regulatory Commission

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British insurer Prudential says it has secured a licence to sell life assurance in China.

The company says that CITIC Prudential – its 50:50 joint venture with Chinese company CITIC – has won a licence from the China Insurance Regulatory Commission (CIRC) to sell group life insurance business.

CITIC Prudential, which first launched in Guangzhou in 2000, will begin offering group life insurance products in the second quarter of 2005.

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