Allianz China Life insurance expert Huang Haiyan says when there is specific beneficiary in an insurance policy, the designated beneficiary is superior to legal beneficiary in property inherit.

中德安联保险专家黄海燕表示，保单上有指定受益人的情况下，指定受益人继承要优于法定受益人继承。

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Insurance agencies in the park represent the China Property insurance Company, China Life insurance Company, Pacific insurance Company and other social and labor insurance agencies.

设有中保财产保险公司、中保人寿保险公司、太平洋保险公司、社会劳动保险等。

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The insurance industry was reintroduced into China in 1979, first with property insurance that year, followed by life insurance in 1982.

FORBES: Life Insurance In China