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Families of Some Chinese Passengers on Missing Plane Get Insurance Payouts

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.

By Reuters | Updated on March 28, 2014
A relative of one of the Chinese passengers aboard Malaysia Airlines MH370 grieves in Beijing, China. (AP Photo/Ng Han Guan)

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.

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