Around a third of Chinese insurance customers had a monthly income between five thousand and ten thousand yuan, as per a survey conducted in 2020. From the income distribution, it becomes clear, that individuals who have a higher income were less likely to purchase insurance policies.
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Distribution of monthly income among Chinese insurance customers in 2020
The survey included respondents from 18 provinces, autonomous regions, and cities covering the northeast, north, east, south, central, northwest, and southwest parts of China. All these seven regions were consistent with previous surveys.
The survey was based on a total of 1,072 valid samples, 531 from the life insurance questionnaire and 541 from the the property insurance questionnaire.
One yuan equals 0.16 U.S. dollars and 0.13 euros (as of June 2021).
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China Insurance Security Fund. (March 31, 2021). Distribution of monthly income among Chinese insurance customers in 2020 [Graph]. In Statista. Retrieved June 27, 2025, from https://www.statista.com/statistics/1242265/china-income-distribution-of-insurance-buyers/
China Insurance Security Fund. "Distribution of monthly income among Chinese insurance customers in 2020." Chart. March 31, 2021. Statista. Accessed June 27, 2025. https://www.statista.com/statistics/1242265/china-income-distribution-of-insurance-buyers/
China Insurance Security Fund. (2021). Distribution of monthly income among Chinese insurance customers in 2020. Statista. Statista Inc.. Accessed: June 27, 2025. https://www.statista.com/statistics/1242265/china-income-distribution-of-insurance-buyers/
China Insurance Security Fund. "Distribution of Monthly Income among Chinese Insurance Customers in 2020." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/1242265/china-income-distribution-of-insurance-buyers/
China Insurance Security Fund, Distribution of monthly income among Chinese insurance customers in 2020 Statista, https://www.statista.com/statistics/1242265/china-income-distribution-of-insurance-buyers/ (last visited June 27, 2025)
Distribution of monthly income among Chinese insurance customers in 2020 [Graph], China Insurance Security Fund, March 31, 2021. [Online]. Available: https://www.statista.com/statistics/1242265/china-income-distribution-of-insurance-buyers/
