According to a survey conducted in China in 2021, around 65 percent of respondents spend over 5,000 yuan annually on insurance services. The most popular types of online insurance included car insurance, health insurance, and accident insurance.
Distribution of consumer's annual insurance expenditure in China in 2021, by range
One yuan equals 0.16 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). Distribution of consumer's annual insurance expenditure in China in 2021, by range [Graph]. In Statista. Retrieved October 11, 2024, from https://www.statista.com/statistics/1307115/china-distribution-of-annual-insurance-expenditures-by-range/
199IT. "Distribution of consumer's annual insurance expenditure in China in 2021, by range." Chart. November 24, 2021. Statista. Accessed October 11, 2024. https://www.statista.com/statistics/1307115/china-distribution-of-annual-insurance-expenditures-by-range/
199IT. (2021). Distribution of consumer's annual insurance expenditure in China in 2021, by range. Statista. Statista Inc.. Accessed: October 11, 2024. https://www.statista.com/statistics/1307115/china-distribution-of-annual-insurance-expenditures-by-range/
199IT. "Distribution of Consumer's Annual Insurance Expenditure in China in 2021, by Range." Statista, Statista Inc., 24 Nov 2021, https://www.statista.com/statistics/1307115/china-distribution-of-annual-insurance-expenditures-by-range/
199IT, Distribution of consumer's annual insurance expenditure in China in 2021, by range Statista, https://www.statista.com/statistics/1307115/china-distribution-of-annual-insurance-expenditures-by-range/ (last visited October 11, 2024)
Distribution of consumer's annual insurance expenditure in China in 2021, by range [Graph], 199IT, November 24, 2021. [Online]. Available: https://www.statista.com/statistics/1307115/china-distribution-of-annual-insurance-expenditures-by-range/