BEIJING (Reuters) – Chinese insurance companies have started to pay compensation to the families of passengers aboard a missing Malaysia Airlines plane presumed crashed in the southern Indian Ocean.
China Life, the country's largest insurance company, has provided the families of seven passengers with a total compensation of 4.17 million yuan ($671,600), Chen Honghao, an official from China Life's department of planning, told Reuters by telephone on Friday.
China Life had 32 clients on the flight and estimates its total compensation would be 8.94 million yuan, Chen said.
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