Difficult to buy Term Insurance in China

A friend told me that she wanted to buy term insurance in China. It was not available. The insurance agents do not carry this product.

Two years ago, she was quoted a premium rate of 2,500 RMB to insure for 250,000 RMB, under a plan that offers a partial premium refund. She found it to be too expensive. This plan was no longer offered.

For her age of 25 years, she would be able to buy a 20 year term insurance of 250,000 RMB in most countries at a premium of about 500 RMB.