Families of some Chinese passengers on missing plane receive insurance payouts

BEIJING Thu Mar 27, 2014 1:46pm IST

Family members of passengers onboard Malaysia Airlines MH370 cry as they shout slogans during a protest in front of the Malaysian embassy in Beijing March 25, 2014. REUTERS/Kim Kyung-Hoon

Family members of passengers onboard Malaysia Airlines MH370 cry as they shout slogans during a protest in front of the Malaysian embassy in Beijing March 25, 2014.

Credit: Reuters/Kim Kyung-Hoon

Stocks

   

BEIJING (Reuters) - Chinese insurance companies have started paying compensation to the families of passengers aboard a missing Malaysia Airlines (MASM.KL) plane presumed crashed in the southern Indian Ocean, state news agency Xinhua said on Thursday.

The families of seven passengers received 4.17 million yuan in compensation on Tuesday, China Life (601628.SS), the country's largest insurance company, was quoted by Xinhua as saying. China Life said it had 32 clients on board the flight and estimated its total compensation at around 9 million yuan.

"China Life is deeply grieved at the news and will ensure compensation and all other related services are fully implemented," Xinhua quoted an unnamed company spokesman as saying.

New China Life Insurance Co. Ltd. (601336.SS) will compensate the families of nine clients on board the flight with about 1 million yuan, Zhang Hongxia, a public relations official from the firm, told Reuters by telephone.

Shanghai-based China Pacific Insurance Co., Ltd. (601601.SS) said it had offered its first compensation payment of 525,000 yuan as of Wednesday, Xinhua said.

Sunshine Insurance will compensate 500,000 yuan to one of its clients and his family, a woman surnamed Zhang from the firm said.

China Life and China Pacific Insurance could not be reached for comment.

Malaysia Airlines Flight MH370 is thought to have crashed on March 8 with the loss of all 239 people aboard after flying thousands of miles off course. More than 150 of the passengers were Chinese.

(Reporting by Sui-Lee Wee, Additional reporting by Beijing Newsroom; Editing by Nick Macfie)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-China Ties

Reuters Showcase

New U.S. Ambassador

New U.S. Ambassador

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

Scottish Referendum

Scottish Referendum

Scots vote on independence, United Kingdom's fate on knife-edge.  Full Article 

Nuclear Power

Nuclear Power

Developing world revives nuclear power prospects, but yet to commit.  Full Article 

India's Mars Mission

India's Mars Mission

Mars mission enters last lap; crucial test on Sept. 24.  Full Article 

Separatists' Demand

Separatists' Demand

Scotland’s referendum stirs Kashmiri demands for vote on future.  Full Article 

Ebola Outbreak

Ebola Outbreak

Fear and hope as Sierra Leone braces for three-day Ebola lockdown.  Full Article 

Alibaba IPO

Alibaba IPO

Alibaba set to price IPO shares amid investor frenzy.  Full Article 

Life of Sophia Loren

Life of Sophia Loren

Sophia Loren, Italy's national icon, turns 80 with book of memoirs.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage